State of Alaska Department of Revenue raised its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 55.1% during the second quarter, Holdings Channel reports. The firm owned 8,224 shares of the technology company’s stock after buying an additional 2,920 shares during the period. State of Alaska Department of Revenue’s holdings in Hewlett Packard Enterprise were worth $136,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Fulton Bank N.A. raised its stake in shares of Hewlett Packard Enterprise by 6.7% in the first quarter. Fulton Bank N.A. now owns 12,421 shares of the technology company’s stock worth $294,000 after buying an additional 785 shares during the period. Creative Planning raised its stake in shares of Hewlett Packard Enterprise by 11.1% in the first quarter. Creative Planning now owns 94,506 shares of the technology company’s stock worth $2,240,000 after buying an additional 9,439 shares during the period. Spirit of America Management Corp NY raised its stake in shares of Hewlett Packard Enterprise by 30.0% in the first quarter. Spirit of America Management Corp NY now owns 14,300 shares of the technology company’s stock worth $339,000 after buying an additional 3,300 shares during the period. Capstone Asset Management Co. raised its stake in shares of Hewlett Packard Enterprise by 1.7% in the first quarter. Capstone Asset Management Co. now owns 146,183 shares of the technology company’s stock worth $3,465,000 after buying an additional 2,384 shares during the period. Finally, BLB&B Advisors LLC acquired a new stake in shares of Hewlett Packard Enterprise during the first quarter worth approximately $247,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

Hewlett Packard Enterprise Company (NYSE HPE) traded down 2.10% during midday trading on Thursday, hitting $17.27. The stock had a trading volume of 2,965,152 shares. The stock’s 50-day moving average is $17.18 and its 200-day moving average is $17.62. Hewlett Packard Enterprise Company has a 1-year low of $15.46 and a 1-year high of $19.16. The company has a market capitalization of $28.37 billion, a PE ratio of 13.09 and a beta of 2.74.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Wednesday, May 31st. The technology company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. Hewlett Packard Enterprise had a net margin of 4.85% and a return on equity of 9.80%. The company had revenue of $9.90 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same period in the prior year, the company earned $0.42 earnings per share. The firm’s revenue was down 22.1% on a year-over-year basis. Equities research analysts forecast that Hewlett Packard Enterprise Company will post $1.45 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be given a $0.065 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.47%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 20.16%.

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A number of analysts recently commented on HPE shares. Tigress Financial started coverage on Hewlett Packard Enterprise in a report on Monday, April 17th. They set a “neutral” rating on the stock. Oppenheimer Holdings, Inc. set a $21.00 target price on Hewlett Packard Enterprise and gave the company a “buy” rating in a research note on Monday, April 17th. Barclays PLC lowered their target price on Hewlett Packard Enterprise from $21.00 to $18.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 10th. Credit Suisse Group restated a “buy” rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a research note on Tuesday, May 23rd. Finally, Stifel Nicolaus restated a “hold” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, May 26th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $21.87.

In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 132,192 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $16.71, for a total value of $2,208,928.32. Following the completion of the transaction, the chief executive officer now owns 865,021 shares in the company, valued at $14,454,500.91. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Margaret C. Whitman sold 389,668 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $17.82, for a total transaction of $6,943,883.76. Following the completion of the transaction, the chief executive officer now owns 962,433 shares of the company’s stock, valued at approximately $17,150,556.06. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,612,328 shares of company stock valued at $28,048,424. Insiders own 0.87% of the company’s stock.

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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