State of Alaska Department of Revenue Trims Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

State of Alaska Department of Revenue trimmed its stake in Hewlett Packard Enterprise (NYSE:HPE) by 14.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 348,094 shares of the technology company’s stock after selling 60,660 shares during the period. State of Alaska Department of Revenue’s holdings in Hewlett Packard Enterprise were worth $6,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently modified their holdings of HPE. Epoch Investment Partners Inc. purchased a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth approximately $51,384,000. Norges Bank purchased a new position in Hewlett Packard Enterprise during the 4th quarter worth $48,291,000. Citigroup Inc. grew its stake in Hewlett Packard Enterprise by 70.2% during the 3rd quarter. Citigroup Inc. now owns 3,550,595 shares of the technology company’s stock worth $61,674,000 after buying an additional 1,464,650 shares during the last quarter. DNB Asset Management AS grew its stake in shares of Hewlett Packard Enterprise by 261.6% during the fourth quarter. DNB Asset Management AS now owns 2,015,451 shares of the technology company’s stock worth $34,222,000 after acquiring an additional 1,458,034 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in Hewlett Packard Enterprise by 72.1% during the 3rd quarter. Royal Bank of Canada now owns 3,449,034 shares of the technology company’s stock valued at $59,910,000 after purchasing an additional 1,445,045 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Down 2.1 %

HPE stock opened at $20.68 on Thursday. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82. The business’s 50-day moving average is $18.91 and its 200 day moving average is $17.39. The company has a current ratio of 0.90, a quick ratio of 0.59 and a debt-to-equity ratio of 0.34. The stock has a market cap of $26.88 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 3.05 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The firm had revenue of $7.20 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period in the previous year, the company posted $0.32 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. On average, sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.59 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Wednesday, June 19th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Tuesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 37.96%.

Insider Transactions at Hewlett Packard Enterprise

In related news, CEO Gerri Gold sold 22,784 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $21.67, for a total transaction of $493,729.28. Following the completion of the sale, the chief executive officer now owns 57,081 shares of the company’s stock, valued at approximately $1,236,945.27. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Jeremy Cox sold 18,323 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total transaction of $310,758.08. Following the transaction, the senior vice president now owns 15,541 shares in the company, valued at approximately $263,575.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gerri Gold sold 22,784 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $21.67, for a total transaction of $493,729.28. Following the transaction, the chief executive officer now directly owns 57,081 shares in the company, valued at approximately $1,236,945.27. The disclosure for this sale can be found here. Over the last three months, insiders have sold 158,464 shares of company stock valued at $3,160,866. Corporate insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on HPE shares. Bank of America lifted their price target on Hewlett Packard Enterprise from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, June 21st. Argus upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Friday, June 7th. Stifel Nicolaus raised their price target on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. Morgan Stanley reiterated an “equal weight” rating and issued a $21.00 price objective on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Finally, Evercore ISI raised their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company an “in-line” rating in a research report on Wednesday, June 5th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $21.08.

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. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.