Arizona State Retirement System Purchases 407,899 Shares of Hewlett Packard Enterprise Co (HPE)
Arizona State Retirement System grew its position in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 104.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 796,694 shares of the technology company’s stock after purchasing an additional 407,899 shares during the quarter. Arizona State Retirement System’s holdings in Hewlett Packard Enterprise were worth $11,640,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Spectrum Financial Alliance Ltd LLC purchased a new position in shares of Hewlett Packard Enterprise during the 1st quarter valued at approximately $121,000. Summit Trail Advisors LLC increased its holdings in Hewlett Packard Enterprise by 1,771.8% in the 1st quarter. Summit Trail Advisors LLC now owns 120,565 shares of the technology company’s stock worth $121,000 after acquiring an additional 114,124 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Hewlett Packard Enterprise by 16,531.4% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,482 shares of the technology company’s stock worth $124,000 after acquiring an additional 8,431 shares in the last quarter. Highlander Capital Management LLC purchased a new stake in Hewlett Packard Enterprise in the 1st quarter worth $148,000. Finally, Farmers Trust Co. purchased a new stake in Hewlett Packard Enterprise in the 2nd quarter worth $150,000. 81.53% of the stock is owned by hedge funds and other institutional investors.
In other Hewlett Packard Enterprise news, Director Margaret C. Whitman sold 674,000 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, May 24th. The shares were sold at an average price of $15.68, for a total transaction of $10,568,320.00. Following the sale, the director now owns 2,135,282 shares of the company’s stock, valued at approximately $33,481,221.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Keerti Melkote sold 49,028 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $17.57, for a total transaction of $861,421.96. Following the sale, the insider now directly owns 95,429 shares in the company, valued at approximately $1,676,687.53. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,287,463 shares of company stock worth $82,334,350. 1.18% of the stock is currently owned by corporate insiders.
Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Tuesday, May 22nd. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. Hewlett Packard Enterprise had a net margin of 9.36% and a return on equity of 8.25%. The company had revenue of $7.47 billion for the quarter, compared to analysts’ expectations of $7.39 billion. During the same quarter in the previous year, the company posted $0.35 EPS. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. analysts forecast that Hewlett Packard Enterprise Co will post 1.44 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 3rd. Shareholders of record on Wednesday, September 12th will be paid a dividend of $0.1125 per share. The ex-dividend date of this dividend is Tuesday, September 11th. This represents a $0.45 annualized dividend and a yield of 2.70%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 46.88%.
Several equities research analysts recently commented on the stock. OTR Global raised shares of Hewlett Packard Enterprise to a “positive” rating in a report on Thursday, May 17th. Barclays reissued a “sell” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, May 23rd. Pivotal Research reissued a “hold” rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Wednesday, May 23rd. Maxim Group reissued a “hold” rating and issued a $18.00 price target on shares of Hewlett Packard Enterprise in a report on Wednesday, May 23rd. Finally, BMO Capital Markets reissued a “hold” rating and issued a $19.00 price target on shares of Hewlett Packard Enterprise in a report on Tuesday, May 22nd. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the stock. Hewlett Packard Enterprise currently has a consensus rating of “Hold” and an average price target of $17.05.
Hewlett Packard Enterprise Company Profile
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, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.
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