Arizona State Retirement System boosted its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 412,876 shares of the technology company’s stock after buying an additional 700 shares during the period. Arizona State Retirement System’s holdings in Hewlett Packard Enterprise were worth $6,850,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Spirit of America Management Corp NY raised its position in 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 in the last quarter. Capstone Asset Management Co. raised its position in 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 in the last quarter. BLB&B Advisors LLC purchased a new position in Hewlett Packard Enterprise during the first quarter worth approximately $247,000. First National Bank & Trust Co. of Newtown raised its position in Hewlett Packard Enterprise by 0.3% in the first quarter. First National Bank & Trust Co. of Newtown now owns 31,911 shares of the technology company’s stock worth $756,000 after buying an additional 80 shares in the last quarter. Finally, Heritage Investors Management Corp raised its position in Hewlett Packard Enterprise by 2.4% in the first quarter. Heritage Investors Management Corp now owns 247,068 shares of the technology company’s stock worth $5,856,000 after buying an additional 5,900 shares in the last quarter. 80.31% of the stock is currently owned by institutional investors.

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) opened at 17.30 on Friday. The firm’s 50-day moving average is $17.21 and its 200-day moving average is $17.62. The firm has a market cap of $28.42 billion, a P/E ratio of 13.12 and a beta of 2.74. Hewlett Packard Enterprise Company has a 1-year low of $15.46 and a 1-year high of $19.16.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Wednesday, May 31st. The technology company reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. The firm had revenue of $9.90 billion for the quarter, compared to analysts’ expectations of $9.75 billion. Hewlett Packard Enterprise had a return on equity of 9.80% and a net margin of 4.85%. The company’s quarterly revenue was down 22.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 EPS. On average, analysts anticipate that Hewlett Packard Enterprise Company will post $1.45 EPS for the current fiscal 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 dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Tuesday, September 12th. Hewlett Packard Enterprise’s payout ratio is 20.16%.

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

In other news, CEO Margaret C. Whitman sold 132,192 shares of the stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $16.71, for a total transaction of $2,208,928.32. Following the sale, the chief executive officer now directly owns 865,021 shares of the company’s stock, valued at approximately $14,454,500.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Jeff T. Ricci sold 6,460 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $18.99, for a total value of $122,675.40. Following the sale, the senior vice president now directly owns 10,352 shares in the company, valued at $196,584.48. The disclosure for this sale can be found here. Insiders have sold a total of 1,612,328 shares of company stock worth $28,048,424 in the last quarter. Company 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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