State Treasurer State of Michigan cut its position in Hewlett Packard Enterprise Co (NYSE:HPE) by 6.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 467,597 shares of the technology company’s stock after selling 30,900 shares during the period. State Treasurer State of Michigan’s holdings in Hewlett Packard Enterprise were worth $6,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HPE. D.A. Davidson & CO. raised its holdings in Hewlett Packard Enterprise by 13.2% in the 2nd quarter. D.A. Davidson & CO. now owns 8,300 shares of the technology company’s stock valued at $137,000 after acquiring an additional 966 shares in the last quarter. Advisor Group Inc. raised its holdings in Hewlett Packard Enterprise by 16.1% in the 2nd quarter. Advisor Group Inc. now owns 23,694 shares of the technology company’s stock valued at $381,000 after acquiring an additional 3,285 shares in the last quarter. Stifel Financial Corp raised its holdings in Hewlett Packard Enterprise by 12.2% in the 2nd quarter. Stifel Financial Corp now owns 62,204 shares of the technology company’s stock valued at $1,032,000 after acquiring an additional 6,783 shares in the last quarter. Balyasny Asset Management LLC raised its holdings in Hewlett Packard Enterprise by 44.1% in the 2nd quarter. Balyasny Asset Management LLC now owns 22,002 shares of the technology company’s stock valued at $365,000 after acquiring an additional 6,730 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Hewlett Packard Enterprise by 1,931.5% in the 2nd quarter. Janus Henderson Group PLC now owns 4,196,917 shares of the technology company’s stock valued at $69,628,000 after acquiring an additional 3,990,327 shares in the last quarter. Institutional investors and hedge funds own 83.78% of the company’s stock.

In other Hewlett Packard Enterprise news, EVP Henry Gomez sold 805,214 shares of the company’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $16.58, for a total value of $13,350,448.12. Following the completion of the transaction, the executive vice president now owns 363,278 shares of the company’s stock, valued at approximately $6,023,149.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Alan Richard May sold 42,314 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $14.00, for a total value of $592,396.00. Following the completion of the transaction, the executive vice president now directly owns 84,629 shares of the company’s stock, valued at approximately $1,184,806. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,164,958 shares of company stock valued at $18,691,951. Insiders own 0.87% of the company’s stock.

Hewlett Packard Enterprise Co (NYSE:HPE) opened at $16.65 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.01 and a debt-to-equity ratio of 0.43. Hewlett Packard Enterprise Co has a fifty-two week low of $12.81 and a fifty-two week high of $24.88. The company has a market capitalization of $26,538.20, a price-to-earnings ratio of 12.81, a PEG ratio of 2.80 and a beta of 2.50.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Tuesday, November 21st. The technology company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. Hewlett Packard Enterprise had a return on equity of 7.70% and a net margin of 0.93%. The company had revenue of $7.66 billion during the quarter, compared to analysts’ expectations of $7.78 billion. During the same quarter in the previous year, the firm earned $0.61 EPS. Hewlett Packard Enterprise’s revenue was up 4.6% on a year-over-year basis. research analysts expect that Hewlett Packard Enterprise Co will post 1.19 earnings per share for the current fiscal year.

Hewlett Packard Enterprise declared that its Board of Directors has initiated a share repurchase program on Wednesday, October 18th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the technology company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Wednesday, March 14th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $0.30 dividend on an annualized basis and a yield of 1.80%. Hewlett Packard Enterprise’s payout ratio is presently 142.86%.

Several brokerages have weighed in on HPE. Mizuho reaffirmed a “hold” rating and issued a $14.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, October 20th. Zacks Investment Research cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Pivotal Research began coverage on Hewlett Packard Enterprise in a report on Tuesday, October 17th. They issued a “hold” rating and a $14.00 price objective for the company. TheStreet raised Hewlett Packard Enterprise from a “c” rating to a “b-” rating in a report on Monday, October 16th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Hewlett Packard Enterprise in a report on Thursday, October 19th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and ten have given a buy rating to the company. Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus target price of $16.17.

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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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