New York State Common Retirement Fund Has $17.75 Million Position in Hewlett Packard Enterprise (NYSE:HPE)

New York State Common Retirement Fund trimmed its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 12.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,045,503 shares of the technology company's stock after selling 148,223 shares during the period. New York State Common Retirement Fund owned 0.08% of Hewlett Packard Enterprise worth $17,753,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Authentikos Wealth Advisory LLC acquired a new stake in Hewlett Packard Enterprise in the 3rd quarter worth about $31,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $33,000. Salem Investment Counselors Inc. lifted its stake in shares of Hewlett Packard Enterprise by 180.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company's stock valued at $33,000 after purchasing an additional 1,261 shares in the last quarter. ORG Partners LLC lifted its stake in shares of Hewlett Packard Enterprise by 111.4% in the 4th quarter. ORG Partners LLC now owns 2,615 shares of the technology company's stock valued at $44,000 after purchasing an additional 1,378 shares in the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $52,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 18,323 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total transaction of $310,758.08. Following the transaction, the senior vice president now directly owns 15,541 shares in the company, valued at $263,575.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on HPE. Evercore ISI decreased their price target on Hewlett Packard Enterprise from $19.00 to $18.00 and set an "in-line" rating for the company in a research note on Friday, March 1st. StockNews.com cut Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a report on Saturday. Wells Fargo & Company increased their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 17th. Sanford C. Bernstein cut Hewlett Packard Enterprise from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $20.00 to $17.00 in a report on Tuesday, January 16th. Finally, Stifel Nicolaus dropped their target price on Hewlett Packard Enterprise from $20.00 to $18.00 and set a "buy" rating for the company in a report on Friday, March 1st. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $17.91.

Hewlett Packard Enterprise Stock Performance

HPE remained flat at $17.17 during mid-day trading on Monday. The company's stock had a trading volume of 8,335,662 shares, compared to its average volume of 14,799,667. The company has a market cap of $22.32 billion, a PE ratio of 11.84, a P/E/G ratio of 3.18 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. The stock has a 50 day moving average price of $17.04 and a two-hundred day moving average price of $16.40. Hewlett Packard Enterprise has a 52-week low of $13.65 and a 52-week high of $20.07.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings results 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 return on equity of 9.12% and a net margin of 6.81%. The business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $7.09 billion. During the same period last year, the company earned $0.38 EPS. The firm's revenue was down 13.5% on a year-over-year basis. As a group, analysts expect that Hewlett Packard Enterprise will post 1.4 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were given a $0.13 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.52 annualized dividend and a dividend yield of 3.03%. Hewlett Packard Enterprise's dividend payout ratio is currently 35.86%.

Hewlett Packard Enterprise Company 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.