Municipal Employees Retirement System of Michigan decreased its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 12.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,760 shares of the technology company’s stock after selling 7,790 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Hewlett Packard Enterprise were worth $892,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Spirit of America Management Corp NY boosted its stake in Hewlett Packard Enterprise by 30.0% in the first quarter. Spirit of America Management Corp NY now owns 14,300 shares of the technology company’s stock worth $339,000 after buying an additional 3,300 shares in the last quarter. Capstone Asset Management Co. boosted its stake in Hewlett Packard Enterprise by 1.7% in the first quarter. Capstone Asset Management Co. now owns 146,183 shares of the technology company’s stock worth $3,465,000 after buying an additional 2,384 shares in the last quarter. BLB&B Advisors LLC bought a new stake in Hewlett Packard Enterprise during the first quarter worth approximately $247,000. First National Bank & Trust Co. of Newtown boosted its stake in Hewlett Packard Enterprise by 0.3% in the first quarter. First National Bank & Trust Co. of Newtown now owns 31,911 shares of the technology company’s stock worth $756,000 after buying an additional 80 shares in the last quarter. Finally, Heritage Investors Management Corp boosted its stake in Hewlett Packard Enterprise by 2.4% in the first quarter. Heritage Investors Management Corp now owns 247,068 shares of the technology company’s stock worth $5,856,000 after buying an additional 5,900 shares in the last quarter. 80.31% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Company (NYSE HPE) opened at 17.30 on Friday. Hewlett Packard Enterprise Company has a one year low of $15.46 and a one year high of $19.16. The firm has a market capitalization of $28.42 billion, a price-to-earnings ratio of 13.12 and a beta of 2.74. The stock has a 50 day moving average of $17.21 and a 200 day moving average of $17.62.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Wednesday, May 31st. The technology company reported $0.35 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. Hewlett Packard Enterprise had a net margin of 4.85% and a return on equity of 9.80%. The business had revenue of $9.90 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same period last year, the company earned $0.42 earnings per share. The company’s quarterly revenue was down 22.1% on a year-over-year basis. Analysts forecast that Hewlett Packard Enterprise Company will post $1.45 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be given a $0.065 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.26 annualized dividend and a dividend yield of 1.50%. Hewlett Packard Enterprise’s dividend payout ratio is presently 20.16%.

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A number of equities analysts recently weighed in on the stock. Tigress Financial assumed coverage on shares of Hewlett Packard Enterprise in a research report on Monday, April 17th. They set a “neutral” rating on the stock. Oppenheimer Holdings, Inc. set a $21.00 price target on shares of Hewlett Packard Enterprise and gave the stock a “buy” rating in a research report on Monday, April 17th. Barclays PLC lowered their price target on shares of Hewlett Packard Enterprise from $21.00 to $18.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 10th. Credit Suisse Group restated a “buy” rating and set a $21.00 price target on shares of Hewlett Packard Enterprise in a research report on Tuesday, May 23rd. Finally, Stifel Nicolaus restated a “hold” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday, May 26th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $21.87.

In related news, EVP Christopher P. Hsu sold 11,515 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $18.80, for a total value of $216,482.00. Following the sale, the executive vice president now directly owns 24,083 shares of the company’s stock, valued at $452,760.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Margaret C. Whitman sold 251,268 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $17.40, for a total transaction of $4,372,063.20. Following the completion of the sale, the chief executive officer now directly owns 865,021 shares in the company, valued at $15,051,365.40. The disclosure for this sale can be found here. Insiders sold 1,612,328 shares of company stock worth $28,048,424 over the last three months. Corporate insiders own 0.87% of the company’s stock.

Hewlett Packard Enterprise Company 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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