State of New Jersey Common Pension Fund D Reduces Stake in Hewlett Packard Enterprise (NYSE:HPE)

State of New Jersey Common Pension Fund D cut its stake in Hewlett Packard Enterprise (NYSE:HPE – Free Report ) by 32.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC ). The fund owned 479,928 shares of the technology company’s stock after selling 229,773 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Hewlett Packard Enterprise were worth $10,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB raised its position in Hewlett Packard Enterprise by 12.3% in the first quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock valued at $84,166,000 after acquiring an additional 517,734 shares during the last quarter. Sei Investments Co. raised its stake in shares of Hewlett Packard Enterprise by 56.1% in the first quarter. Sei Investments Co. now owns 1,322,885 shares of the technology company’s stock worth $23,455,000 after acquiring an additional 475,397 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Hewlett Packard Enterprise by 5.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,855,377 shares of the technology company’s stock valued at $68,356,000 after buying an additional 196,112 shares during the period. Cetera Investment Advisers boosted its holdings in Hewlett Packard Enterprise by 455.7% in the first quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock worth $2,149,000 after acquiring an additional 99,394 shares during the last quarter. Finally, Guidance Capital Inc. bought a new position in shares of Hewlett Packard Enterprise in the first quarter valued at $931,000. 80.78% of the shares are held by hedge funds and other institutional investors.

The Wall Street analyst weighs in

A number of equities analysts recently issued reports on the stock. Loop Capital boosted their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Monday, September 9th. Evercore ISI upped their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a report on Wednesday, June 5th. Barclays upped their target price on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. Sanford C. Bernstein increased their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “market perform” rating in a research note on Wednesday, June 5th. Finally, Susquehanna restated a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, September 6th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Hewlett Packard Enterprise currently has an average rating of “Hold” and an average price target of $20.83, according to MarketBeat.com.

Read our latest report on HPE

Hewlett Packard Enterprise stocks rose 1.7%

Shares of HPE stock opened at $17.15 on Friday. The firm has a fifty day moving average price of $18.98 and a 200 day moving average price of $18.55. The company has a current ratio of 0.94, a quick ratio of 0.62, and a debt-to-equity ratio of 0.36. The firm has a market cap of $22.27 billion, a P/E ratio of 12.52, a P/E/G ratio of 1.97 and a beta of 1.19. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE – Get Your Free Report ) last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The company had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.67 billion. In the same quarter last year, the company earned $0.35 EPS. The company’s revenue was up 10.1% compared to the same quarter last year. equities research analysts expect that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 19th will be given a $0.13 dividend. The ex-dividend date is Thursday, September 19. This represents an annualized dividend of $0.52 and a yield of 3.03%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 37.96%.

About Hewlett Packard Enterprise

(Free Report)

Hewlett Packard Enterprise Company provides solutions that enable customers to seamlessly capture, analyze and act on data across the Americas, Europe, the Middle East, Africa, Asia Pacific and Japan. It operates in six segments: Compute, HPC and AI, Storage, Intelligent Edge, Financial Services and Corporate Investments and Others.

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