Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 12.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,045,503 shares of the technology company’s stock after selling 148,223 shares during the quarter. New York State Common Retirement Fund’s holdings in Hewlett Packard Enterprise were worth $17,753,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. boosted its stake in Hewlett Packard Enterprise by 12.4% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 33,447 shares of the technology company’s stock worth $581,000 after purchasing an additional 3,686 shares during the last quarter. Raymond James & Associates boosted its stake in Hewlett Packard Enterprise by 13.2% during the 4th quarter. Raymond James & Associates now owns 932,921 shares of the technology company’s stock worth $15,841,000 after purchasing an additional 108,971 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Hewlett Packard Enterprise by 17.4% during the 4th quarter. Mackenzie Financial Corp now owns 1,562,640 shares of the technology company’s stock worth $26,534,000 after purchasing an additional 232,150 shares during the last quarter. Nordea Investment Management AB boosted its stake in Hewlett Packard Enterprise by 0.9% during the 3rd quarter. Nordea Investment Management AB now owns 4,024,719 shares of the technology company’s stock worth $70,272,000 after purchasing an additional 36,793 shares during the last quarter. Finally, Citigroup Inc. raised its holdings in shares of Hewlett Packard Enterprise by 70.2% during the 3rd quarter. Citigroup Inc. now owns 3,550,595 shares of the technology company’s stock worth $61,674,000 after acquiring an additional 1,464,650 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Up 1.2 %

Shares of HPE opened at $17.17 on Monday. 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 cap of $22.32 billion, a P/E ratio of 11.84, a price-to-earnings-growth ratio of 3.18 and a beta of 1.21. The company’s 50-day moving average price is $17.04 and its 200 day moving average price is $16.40. Hewlett Packard Enterprise has a 12-month low of $13.65 and a 12-month high of $20.07.

Hewlett Packard Enterprise (NYSE:HPE) last issued 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 for the quarter, compared to analyst estimates of $7.09 billion. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The business’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. On average, sell-side analysts forecast that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.52 dividend on an annualized basis and a yield of 3.03%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 35.86%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HPE. StockNews.com lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Saturday. Sanford C. Bernstein lowered Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $20.00 to $17.00 in a report on Tuesday, January 16th. Morgan Stanley lifted their price target on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Evercore ISI reduced their price target 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. Finally, Stifel Nicolaus reduced their price target on Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Hewlett Packard Enterprise has an average rating of “Hold” and a consensus price target of $17.91.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 18,323 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total transaction of $310,758.08. Following the sale, the senior vice president now directly owns 15,541 shares in the company, valued at $263,575.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.40% of the company’s stock.

About Hewlett Packard Enterprise

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.