New York State Common Retirement Fund Increases Stock Holdings in Hewlett Packard Enterprise Company (NYSE:HPE)

New York State Common Retirement Fund increased its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 7.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 881,274 shares of the technology company's stock after buying an additional 59,916 shares during the period. New York State Common Retirement Fund owned about 0.07% of Hewlett Packard Enterprise worth $13,598,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Korea Investment CORP lifted its position in shares of Hewlett Packard Enterprise by 8.3% in the 4th quarter. Korea Investment CORP now owns 1,003,921 shares of the technology company's stock worth $21,434,000 after purchasing an additional 77,244 shares during the period. Sowell Financial Services LLC acquired a new position in shares of Hewlett Packard Enterprise in the 1st quarter worth approximately $301,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Hewlett Packard Enterprise by 22.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,320 shares of the technology company's stock valued at $2,421,000 after buying an additional 28,123 shares during the period. OneDigital Investment Advisors LLC acquired a new position in Hewlett Packard Enterprise in the first quarter valued at approximately $164,000. Finally, Farther Finance Advisors LLC lifted its stake in Hewlett Packard Enterprise by 2.3% in the first quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company's stock valued at $492,000 after buying an additional 699 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wolfe Research assumed coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They set a "peer perform" rating on the stock. Morgan Stanley boosted their target price on shares of Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 20th. Barclays boosted their target price on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a research report on Thursday, July 3rd. Bank of America boosted their target price on shares of Hewlett Packard Enterprise from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, Raymond James Financial boosted their target price on shares of Hewlett Packard Enterprise from $23.00 to $26.00 and gave the company a "strong-buy" rating in a research report on Wednesday, June 4th. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.71.

Hewlett Packard Enterprise Stock Up 1.2%

HPE stock traded up $0.26 during midday trading on Friday, reaching $21.09. 14,175,513 shares of the company's stock traded hands, compared to its average volume of 17,129,379. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $24.66. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52. The company has a market cap of $27.67 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 2.94 and a beta of 1.35. The firm's fifty day moving average price is $18.67 and its 200-day moving average price is $18.57.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.05. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same quarter in the prior year, the business posted $0.42 EPS. The business's revenue was up 5.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th were paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.47%. Hewlett Packard Enterprise's payout ratio is 52.53%.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 68,590 shares of the stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $18.44, for a total transaction of $1,264,799.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Phil Mottram sold 30,000 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $20.54, for a total transaction of $616,200.00. Following the transaction, the executive vice president owned 42,427 shares of the company's stock, valued at approximately $871,450.58. The trade was a 41.42% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 128,590 shares of company stock valued at $2,436,000. Company insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise 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.