Hewlett Packard Enterprise Co (HPE) Holdings Lifted by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund raised its position in Hewlett Packard Enterprise Co (NYSE:HPE) by 2.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 1,213,179 shares of the technology company’s stock after purchasing an additional 28,221 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Hewlett Packard Enterprise were worth $18,719,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HPE. Legacy Bridge LLC acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth about $25,000. Ipswich Investment Management Co. Inc. acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth about $26,000. Liberty Wealth Management LLC acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth about $34,000. JNBA Financial Advisors boosted its position in Hewlett Packard Enterprise by 1,300.0% during the fourth quarter. JNBA Financial Advisors now owns 2,800 shares of the technology company’s stock worth $37,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new position in Hewlett Packard Enterprise during the first quarter worth about $38,000. 84.17% of the stock is owned by institutional investors.

A number of equities analysts recently weighed in on the stock. Credit Suisse Group assumed coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, April 11th. They set an “underperform” rating and a $14.00 price target on the stock. Daiwa Capital Markets assumed coverage on shares of Hewlett Packard Enterprise in a research report on Monday, April 1st. They set a “hold” rating and a $16.00 price target on the stock. UBS Group lowered shares of Hewlett Packard Enterprise from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $17.00 to $13.00 in a research report on Tuesday, March 12th. ValuEngine lowered shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a report on Thursday, February 28th. Finally, Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Tuesday, February 26th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $16.92.

In other news, CEO Antonio F. Neri sold 82,892 shares of the business’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $16.50, for a total value of $1,367,718.00. Following the sale, the chief executive officer now directly owns 86,160 shares of the company’s stock, valued at approximately $1,421,640. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Antonio F. Neri sold 591,276 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $16.51, for a total transaction of $9,761,966.76. Following the completion of the sale, the insider now directly owns 59,110 shares in the company, valued at $975,906.10. The disclosure for this sale can be found here. Insiders sold a total of 2,251,562 shares of company stock worth $37,016,136 over the last quarter. 0.56% of the stock is currently owned by company insiders.

NYSE:HPE traded up $0.09 on Friday, hitting $14.62. The stock had a trading volume of 16,330,323 shares, compared to its average volume of 8,655,351. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.94 and a quick ratio of 0.80. The firm has a market capitalization of $19.91 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 1.40 and a beta of 1.55. Hewlett Packard Enterprise Co has a 1-year low of $12.09 and a 1-year high of $17.74.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Thursday, February 21st. The technology company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.07. The company had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.68 billion. Hewlett Packard Enterprise had a net margin of 2.11% and a return on equity of 11.31%. During the same period in the previous year, the business posted $0.34 EPS. As a group, equities analysts anticipate that Hewlett Packard Enterprise Co will post 1.64 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 12th will be issued a $0.1125 dividend. The ex-dividend date is Tuesday, June 11th. This represents a $0.45 annualized dividend and a yield of 3.08%. Hewlett Packard Enterprise’s payout ratio is 28.85%.

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About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

Further Reading: What are CEFs?

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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