Strs Ohio Sells 1,449,507 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Strs Ohio trimmed its position in Hewlett Packard Enterprise (NYSE:HPE) by 91.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 130,872 shares of the technology company’s stock after selling 1,449,507 shares during the period. Strs Ohio’s holdings in Hewlett Packard Enterprise were worth $2,222,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HPE. Authentikos Wealth Advisory LLC purchased a new stake in Hewlett Packard Enterprise in the 3rd quarter worth approximately $31,000. Ritter Daniher Financial Advisory LLC DE purchased a new position in Hewlett Packard Enterprise in the third quarter worth $33,000. Salem Investment Counselors Inc. increased its position in shares of Hewlett Packard Enterprise by 180.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock valued at $33,000 after purchasing an additional 1,261 shares during the last quarter. First Manhattan Co. grew its position in Hewlett Packard Enterprise by 89.4% during the first quarter. First Manhattan Co. now owns 2,413 shares of the technology company’s stock valued at $40,000 after acquiring an additional 1,139 shares during the last quarter. Finally, ORG Partners LLC boosted its stake in shares of Hewlett Packard Enterprise by 111.4% in the 4th quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock valued at $44,000 after purchasing an additional 1,378 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Stock Down 1.5 %

Shares of NYSE HPE opened at $16.79 on Friday. The firm has a fifty day simple moving average of $16.87 and a two-hundred day simple moving average of $16.41. Hewlett Packard Enterprise has a 12 month low of $13.65 and a 12 month high of $20.07. The company has a current ratio of 0.89, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $21.82 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 3.15 and a beta of 1.21.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The company had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $7.09 billion. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. Hewlett Packard Enterprise’s revenue was down 13.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 earnings per share. Equities analysts expect that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.52 annualized dividend and a dividend yield of 3.10%. Hewlett Packard Enterprise’s dividend payout ratio is presently 35.86%.

Analysts Set New Price Targets

HPE has been the topic of several analyst reports. Evercore ISI decreased their price objective on Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating on the stock in a report on Friday, March 1st. Sanford C. Bernstein cut Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $20.00 to $17.00 in a research note on Tuesday, January 16th. Barclays cut their target price on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Friday, March 1st. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Friday. Finally, Wells Fargo & Company raised their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Wednesday. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $17.91.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.