State Board of Administration of Florida Retirement System Lowers Position in Hewlett Packard Enterprise Co (NYSE:HPE)
State Board of Administration of Florida Retirement System decreased its stake in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 2.8% in the second quarter, Holdings Channel reports. The institutional investor owned 2,182,423 shares of the technology company’s stock after selling 62,300 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Hewlett Packard Enterprise were worth $32,627,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in shares of Hewlett Packard Enterprise by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 17,794,119 shares of the technology company’s stock valued at $234,707,000 after purchasing an additional 384,154 shares during the last quarter. Pennsylvania Trust Co acquired a new position in shares of Hewlett Packard Enterprise during the 1st quarter valued at $561,000. Reilly Financial Advisors LLC lifted its holdings in shares of Hewlett Packard Enterprise by 23.2% during the 1st quarter. Reilly Financial Advisors LLC now owns 5,246 shares of the technology company’s stock valued at $81,000 after acquiring an additional 988 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Hewlett Packard Enterprise during the 1st quarter valued at $1,364,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Hewlett Packard Enterprise by 296.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 519,419 shares of the technology company’s stock valued at $8,015,000 after acquiring an additional 388,493 shares in the last quarter. Institutional investors and hedge funds own 79.23% of the company’s stock.
HPE stock traded up $0.05 during trading on Thursday, reaching $13.12. The stock had a trading volume of 35,945 shares, compared to its average volume of 9,802,638. Hewlett Packard Enterprise Co has a 1-year low of $12.09 and a 1-year high of $17.59. The company has a current ratio of 0.93, a quick ratio of 0.80 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $17.56 billion, a P/E ratio of 8.42, a PEG ratio of 1.26 and a beta of 1.58. The firm has a fifty day moving average price of $14.13 and a 200 day moving average price of $15.11.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 11th will be issued a $0.112 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.45 dividend on an annualized basis and a yield of 3.41%. Hewlett Packard Enterprise’s dividend payout ratio is currently 28.85%.
In other news, insider Irv Rothman sold 84,629 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $13.85, for a total value of $1,172,111.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Philip Davis sold 10,088 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $14.96, for a total transaction of $150,916.48. Following the completion of the sale, the insider now directly owns 15,423 shares of the company’s stock, valued at approximately $230,728.08. The disclosure for this sale can be found here. Insiders sold a total of 111,129 shares of company stock valued at $1,558,212 in the last three months. Insiders own 0.56% of the company’s stock.
Several research firms recently weighed in on HPE. Nomura reduced their target price on shares of Hewlett Packard Enterprise from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, May 24th. Maxim Group set a $17.00 target price on shares of Hewlett Packard Enterprise and gave the company a “hold” rating in a report on Friday, August 2nd. ValuEngine lowered shares of Hewlett Packard Enterprise from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Wednesday, May 22nd. Finally, Evercore ISI started coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, June 5th. They issued an “underperform” rating and a $14.00 price objective on the stock. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $16.21.
Hewlett Packard Enterprise 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 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.
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