Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 14.8% in the first quarter, Holdings Channel reports. 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 SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Rise Advisors LLC lifted its stake in shares of Hewlett Packard Enterprise by 253.9% during the first quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock worth $26,000 after purchasing an additional 1,051 shares in the last quarter. Salem Investment Counselors Inc. lifted its position in Hewlett Packard Enterprise by 180.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock worth $33,000 after acquiring an additional 1,261 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in Hewlett Packard Enterprise in the 4th quarter worth approximately $35,000. American National Bank grew its position in Hewlett Packard Enterprise by 89.4% in the first quarter. American National Bank now owns 1,949 shares of the technology company’s stock valued at $35,000 after acquiring an additional 920 shares in the last quarter. Finally, Founders Financial Alliance LLC raised its stake in shares of Hewlett Packard Enterprise by 52.8% during the fourth quarter. Founders Financial Alliance LLC now owns 2,463 shares of the technology company’s stock valued at $42,000 after purchasing an additional 851 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Jeremy Cox sold 18,323 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 15,541 shares of the company’s stock, valued at $263,575.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Hewlett Packard Enterprise news, 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 completion of the transaction, the chief executive officer now directly owns 57,081 shares of the company’s stock, valued at approximately $1,236,945.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeremy Cox sold 18,323 shares of the company’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total transaction of $310,758.08. Following the completion of the transaction, the senior vice president now owns 15,541 shares of the company’s stock, valued at approximately $263,575.36. The disclosure for this sale can be found here. Insiders have sold 158,464 shares of company stock valued at $3,160,866 over the last quarter. Insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HPE. Sanford C. Bernstein upped their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “market perform” rating in a research note on Wednesday, June 5th. Wells Fargo & Company upped their price objective on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 5th. Argus raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Friday, June 7th. Bank of America increased their price target on Hewlett Packard Enterprise from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, June 21st. Finally, Morgan Stanley restated an “equal weight” rating and set a $21.00 price objective on shares of Hewlett Packard Enterprise in a research note on Thursday, June 20th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $21.08.

Hewlett Packard Enterprise Trading Down 2.1 %

NYSE:HPE opened at $20.68 on Thursday. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82. The company has a quick ratio of 0.59, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The company has a market cap of $26.88 billion, a PE ratio of 15.09, a P/E/G ratio of 3.05 and a beta of 1.19. The business’s 50 day moving average is $18.91 and its two-hundred day moving average is $17.39.

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

Hewlett Packard Enterprise Announces Dividend

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

About Hewlett Packard Enterprise

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.