Strs Ohio Has $2.22 Million Position in Hewlett Packard Enterprise (NYSE:HPE)

Strs Ohio trimmed its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 91.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,872 shares of the technology company's stock after selling 1,449,507 shares during the quarter. Strs Ohio's holdings in Hewlett Packard Enterprise were worth $2,222,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. grew its position in Hewlett Packard Enterprise by 10.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 74,736 shares of the technology company's stock worth $1,249,000 after purchasing an additional 7,285 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of Hewlett Packard Enterprise by 12.6% in the first quarter. D.A. Davidson & CO. now owns 16,151 shares of the technology company's stock valued at $270,000 after purchasing an additional 1,809 shares during the period. Raymond James Trust N.A. raised its position in Hewlett Packard Enterprise by 46.4% during the first quarter. Raymond James Trust N.A. now owns 16,080 shares of the technology company's stock worth $269,000 after acquiring an additional 5,095 shares during the last quarter. Blair William & Co. IL raised its position in Hewlett Packard Enterprise by 9.8% during the first quarter. Blair William & Co. IL now owns 332,584 shares of the technology company's stock worth $5,557,000 after acquiring an additional 29,819 shares during the last quarter. Finally, Aviva PLC raised its position in Hewlett Packard Enterprise by 45.8% during the first quarter. Aviva PLC now owns 634,757 shares of the technology company's stock worth $10,607,000 after acquiring an additional 199,382 shares during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HPE shares. Wells Fargo & Company lifted their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock an "equal weight" rating in a report on Wednesday. Sanford C. Bernstein downgraded shares of Hewlett Packard Enterprise from an "outperform" rating to a "market perform" rating and lowered their price target for the stock from $20.00 to $17.00 in a report on Tuesday, January 16th. Stifel Nicolaus lowered their price target on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a "buy" rating for the company in a report on Friday, March 1st. StockNews.com upgraded shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating in a report on Friday. Finally, Evercore ISI lowered their target price on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set an "in-line" rating for the company in a report on Friday, March 1st. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of "Hold" and an average price target of $17.91.

Hewlett Packard Enterprise Trading Down 1.5 %

Shares of Hewlett Packard Enterprise stock traded down $0.25 during trading hours on Friday, hitting $16.79. The company's stock had a trading volume of 12,486,549 shares, compared to its average volume of 12,517,062. Hewlett Packard Enterprise has a 1-year low of $13.65 and a 1-year high of $20.07. The business has a fifty day moving average of $16.87 and a 200 day moving average of $16.40. The company has a market capitalization of $21.83 billion, a PE ratio of 11.58, a P/E/G ratio of 3.15 and a beta of 1.21. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings data on Thursday, February 29th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The company had revenue of $6.76 billion during the quarter, compared to analyst estimates of $7.09 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. The business's quarterly revenue was down 13.5% compared to the same quarter last year. As a group, equities analysts forecast that Hewlett Packard Enterprise will post 1.4 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.10%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise's payout ratio is currently 35.86%.

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.