Louisiana State Employees Retirement System Acquires Shares of 77,600 Hewlett Packard Enterprise (NYSE:HPE)

Louisiana State Employees Retirement System acquired a new position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 77,600 shares of the technology company's stock, valued at approximately $1,318,000.

Several other hedge funds have also made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. boosted its holdings in Hewlett Packard Enterprise by 7.6% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 9,391 shares of the technology company's stock valued at $159,000 after acquiring an additional 666 shares during the last quarter. Montgomery Investment Management Inc. boosted its holdings in Hewlett Packard Enterprise by 2.9% in the fourth quarter. Montgomery Investment Management Inc. now owns 24,950 shares of the technology company's stock valued at $424,000 after acquiring an additional 700 shares during the last quarter. IMPACTfolio LLC boosted its holdings in Hewlett Packard Enterprise by 5.3% in the fourth quarter. IMPACTfolio LLC now owns 13,963 shares of the technology company's stock valued at $237,000 after acquiring an additional 705 shares during the last quarter. Total Clarity Wealth Management Inc. boosted its holdings in Hewlett Packard Enterprise by 2.8% in the third quarter. Total Clarity Wealth Management Inc. now owns 26,078 shares of the technology company's stock valued at $453,000 after acquiring an additional 713 shares during the last quarter. Finally, MBM Wealth Consultants LLC boosted its holdings in Hewlett Packard Enterprise by 5.1% in the third quarter. MBM Wealth Consultants LLC now owns 14,607 shares of the technology company's stock valued at $241,000 after acquiring an additional 715 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Up 0.3 %

Hewlett Packard Enterprise stock traded up $0.05 during midday trading on Monday, hitting $16.84. The stock had a trading volume of 8,508,156 shares, compared to its average volume of 15,164,907. The company has a current ratio of 0.89, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37. The stock has a market cap of $21.89 billion, a P/E ratio of 11.61, a P/E/G ratio of 3.11 and a beta of 1.21. Hewlett Packard Enterprise has a 12 month low of $13.65 and a 12 month high of $20.07. The business has a fifty day moving average price of $16.89 and a 200 day moving average price of $16.40.

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

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Thursday, March 14th. Hewlett Packard Enterprise's dividend payout ratio is currently 35.86%.

Wall Street Analyst Weigh In

A number of brokerages have commented on HPE. StockNews.com upgraded Hewlett Packard Enterprise from a "hold" rating to a "buy" rating in a research note on Friday. Stifel Nicolaus reduced their price objective on Hewlett Packard Enterprise from $20.00 to $18.00 and set a "buy" rating on the stock in a research note on Friday, March 1st. Barclays reduced their price objective on Hewlett Packard Enterprise from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Friday, March 1st. Sanford C. Bernstein cut Hewlett Packard Enterprise from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $20.00 to $17.00 in a research note on Tuesday, January 16th. Finally, Evercore ISI dropped their target price on Hewlett Packard Enterprise from $19.00 to $18.00 and set an "in-line" rating on the stock in a research report on Friday, March 1st. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of "Hold" and an average target price of $17.91.

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.