State Board of Administration of Florida Retirement System lowered its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,429,397 shares of the technology company’s stock after selling 7,387 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.15% of Hewlett Packard Enterprise worth $35,736,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in HPE. WFG Advisors LP grew its holdings in Hewlett Packard Enterprise by 15.3% during the 2nd quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock valued at $100,000 after buying an additional 801 shares in the last quarter. YorkBridge Wealth Partners LLC grew its holdings in Hewlett Packard Enterprise by 3.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock valued at $108,000 after buying an additional 200 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in Hewlett Packard Enterprise by 4.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock valued at $111,000 after buying an additional 266 shares in the last quarter. Archford Capital Strategies LLC grew its holdings in Hewlett Packard Enterprise by 6,858.7% during the 2nd quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock valued at $101,000 after buying an additional 7,476 shares in the last quarter. Finally, Harfst & Associates Inc. grew its holdings in Hewlett Packard Enterprise by 42.5% during the 2nd quarter. Harfst & Associates Inc. now owns 7,667 shares of the technology company’s stock valued at $127,000 after buying an additional 2,287 shares in the last quarter. Hedge funds and other institutional investors own 81.34% of the company’s stock.

Several equities analysts have weighed in on HPE shares. Royal Bank Of Canada restated a “hold” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Wednesday, July 12th. Mizuho reiterated a “buy” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, July 12th. BidaskClub raised Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Maxim Group reissued a “hold” rating and set a $18.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, July 14th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $22.00 price target on shares of Hewlett Packard Enterprise in a research note on Saturday, July 22nd. Two analysts have rated the stock with a sell rating, twenty-two have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Hewlett Packard Enterprise currently has a consensus rating of “Hold” and a consensus target price of $17.79.

Hewlett Packard Enterprise Company (HPE) opened at $13.50 on Monday. Hewlett Packard Enterprise Company has a one year low of $12.97 and a one year high of $19.16. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.15 and a current ratio of 1.27. The firm has a market capitalization of $21,862.76, a price-to-earnings ratio of 8.33, a P/E/G ratio of 1.74 and a beta of 2.59.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. The firm had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.49 billion. During the same period in the previous year, the business earned $0.49 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. analysts predict that Hewlett Packard Enterprise Company will post 1.38 earnings per share for the current year.

Hewlett Packard Enterprise declared that its Board of Directors has authorized a stock buyback program on Wednesday, October 18th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the technology company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

In related news, CEO Margaret C. Whitman sold 249,052 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $13.14, for a total transaction of $3,272,543.28. Following the transaction, the chief executive officer now directly owns 892,118 shares in the company, valued at approximately $11,722,430.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Margaret C. Whitman sold 249,023 shares of the business’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $13.67, for a total value of $3,404,144.41. Following the transaction, the chief executive officer now owns 1,016,622 shares in the company, valued at $13,897,222.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,222,617 shares of company stock worth $46,989,767. 0.87% of the stock is owned by company insiders.

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Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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