State Board of Administration of Florida Retirement System Trims Stake in Hewlett Packard Enterprise (NYSE:HPE)

State Board of Administration of Florida Retirement System trimmed its stake in Hewlett Packard Enterprise (NYSE:HPEGet Rating) by 2.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,673,830 shares of the technology company’s stock after selling 42,759 shares during the period. State Board of Administration of Florida Retirement System owned 0.13% of Hewlett Packard Enterprise worth $27,970,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HPE. Elmwood Wealth Management Inc. bought a new position in Hewlett Packard Enterprise in the 4th quarter worth $28,000. DeDora Capital Inc. bought a new position in shares of Hewlett Packard Enterprise during the 1st quarter valued at about $30,000. Delos Wealth Advisors LLC bought a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $33,000. Evoke Wealth LLC boosted its holdings in shares of Hewlett Packard Enterprise by 125.0% during the 4th quarter. Evoke Wealth LLC now owns 2,221 shares of the technology company’s stock valued at $35,000 after purchasing an additional 1,234 shares during the last quarter. Finally, First Quadrant LLC CA bought a new position in shares of Hewlett Packard Enterprise during the 1st quarter valued at about $36,000. 82.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on HPE. JPMorgan Chase & Co. dropped their price objective on shares of Hewlett Packard Enterprise from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Thursday, July 14th. Barclays dropped their price objective on shares of Hewlett Packard Enterprise from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Thursday, June 2nd. KGI Securities assumed coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, April 19th. They set an “outperform” rating for the company. Evercore ISI lowered their price target on shares of Hewlett Packard Enterprise from $21.00 to $18.00 and set an “outperform” rating for the company in a report on Tuesday, June 28th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $19.00 price target (down previously from $20.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 21st. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $16.95.

Insider Transactions at Hewlett Packard Enterprise

In other news, EVP Alan Richard May sold 94,705 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $15.08, for a total transaction of $1,428,151.40. Following the transaction, the executive vice president now directly owns 310,500 shares of the company’s stock, valued at $4,682,340. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Thomas E. Black, Jr. sold 28,347 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $15.26, for a total transaction of $432,575.22. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Alan Richard May sold 94,705 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $15.08, for a total transaction of $1,428,151.40. Following the transaction, the executive vice president now directly owns 310,500 shares in the company, valued at $4,682,340. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $14.36 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.90 and a quick ratio of 0.64. Hewlett Packard Enterprise has a 1-year low of $12.40 and a 1-year high of $17.76. The firm has a market capitalization of $18.66 billion, a P/E ratio of 5.17, a price-to-earnings-growth ratio of 3.16 and a beta of 1.15. The company’s 50-day moving average is $13.93 and its 200 day moving average is $15.45.

Hewlett Packard Enterprise (NYSE:HPEGet Rating) last posted its quarterly earnings data on Wednesday, June 1st. The technology company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.06). Hewlett Packard Enterprise had a return on equity of 19.01% and a net margin of 13.28%. The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $6.80 billion. During the same period last year, the company earned $0.19 earnings per share. The business’s revenue for the quarter was up .0% compared to the same quarter last year. Research analysts forecast that Hewlett Packard Enterprise will post 1.21 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 8th. Stockholders of record on Monday, June 13th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend was Friday, June 10th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 17.27%.

About Hewlett Packard Enterprise

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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. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem and HPE Synergy; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE Modular Storage Arrays and HPE XP.

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

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