Teachers Retirement System of The State of Kentucky decreased its stake in shares of Hewlett Packard Enterprise (NYSE:HPE – Get Rating) by 4.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,307 shares of the technology company’s stock after selling 4,017 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Hewlett Packard Enterprise were worth $1,542,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. International Assets Investment Management LLC increased its holdings in Hewlett Packard Enterprise by 2.8% during the first quarter. International Assets Investment Management LLC now owns 29,846 shares of the technology company’s stock worth $499,000 after buying an additional 808 shares during the last quarter. Forum Financial Management LP increased its stake in shares of Hewlett Packard Enterprise by 4.5% during the 1st quarter. Forum Financial Management LP now owns 19,650 shares of the technology company’s stock worth $328,000 after purchasing an additional 841 shares during the last quarter. Westside Investment Management Inc. raised its holdings in shares of Hewlett Packard Enterprise by 0.9% in the 4th quarter. Westside Investment Management Inc. now owns 102,452 shares of the technology company’s stock valued at $1,615,000 after purchasing an additional 920 shares during the period. CENTRAL TRUST Co lifted its stake in Hewlett Packard Enterprise by 5.5% in the 1st quarter. CENTRAL TRUST Co now owns 17,532 shares of the technology company’s stock valued at $293,000 after purchasing an additional 921 shares during the last quarter. Finally, Rathbones Group PLC grew its holdings in Hewlett Packard Enterprise by 1.0% during the first quarter. Rathbones Group PLC now owns 110,042 shares of the technology company’s stock worth $1,839,000 after purchasing an additional 1,060 shares during the period. Institutional investors own 82.09% of the company’s stock.
Analyst Ratings Changes
HPE has been the topic of several research analyst reports. Barclays dropped their price objective on Hewlett Packard Enterprise from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, June 2nd. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Sunday, September 4th. JPMorgan Chase & Co. decreased their price objective on shares of Hewlett Packard Enterprise from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Thursday, July 14th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Hewlett Packard Enterprise from $16.00 to $15.00 and set a “hold” rating for the company in a research note on Wednesday, August 31st. Finally, Morgan Stanley decreased their price target on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 31st. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and an average target price of $16.59.
Hewlett Packard Enterprise Stock Performance
Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last issued its quarterly earnings results on Tuesday, August 30th. The technology company reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. The business had revenue of $6.95 billion during the quarter, compared to analysts’ expectations of $6.97 billion. Hewlett Packard Enterprise had a return on equity of 18.25% and a net margin of 13.31%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 earnings per share. Analysts anticipate that Hewlett Packard Enterprise will post 1.28 earnings per share for the current year.
Hewlett Packard Enterprise Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Monday, September 12th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Friday, September 9th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 17.14%.
Insider Buying and Selling
In other news, CEO Irv Rothman sold 70,115 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $13.33, for a total value of $934,632.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.45% of the stock is currently owned by company insiders.
Hewlett Packard Enterprise Company Profile
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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