Illinois Municipal Retirement Fund decreased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 16.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 202,155 shares of the technology company’s stock after selling 39,618 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Hewlett Packard Enterprise were worth $3,182,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of the company. BlackRock Inc. grew its stake in Hewlett Packard Enterprise by 9.8% in the fourth quarter. BlackRock Inc. now owns 118,277,439 shares of the technology company’s stock valued at $1,401,589,000 after purchasing an additional 10,541,721 shares in the last quarter. Norges Bank acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth about $51,317,000. Nuveen Asset Management LLC lifted its position in shares of Hewlett Packard Enterprise by 26.9% in the fourth quarter. Nuveen Asset Management LLC now owns 9,793,883 shares of the technology company’s stock worth $116,057,000 after buying an additional 2,073,167 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Hewlett Packard Enterprise by 115.0% in the fourth quarter. JPMorgan Chase & Co. now owns 3,588,249 shares of the technology company’s stock worth $42,522,000 after buying an additional 1,919,634 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Hewlett Packard Enterprise by 47.3% in the fourth quarter. Renaissance Technologies LLC now owns 5,285,900 shares of the technology company’s stock worth $62,638,000 after buying an additional 1,698,200 shares during the last quarter. Institutional investors and hedge funds own 81.28% of the company’s stock.
A number of analysts have weighed in on the company. Zacks Investment Research raised Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating and set a $13.00 price target for the company in a research report on Tuesday, February 2nd. JPMorgan Chase & Co. boosted their price objective on Hewlett Packard Enterprise from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, March 26th. Raymond James boosted their price target on Hewlett Packard Enterprise from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, March 9th. Jefferies Financial Group started coverage on Hewlett Packard Enterprise in a research note on Monday, April 26th. They set a “buy” rating and a $20.00 price target on the stock. Finally, Morgan Stanley boosted their price target on Hewlett Packard Enterprise from $15.50 to $17.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 14th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. Hewlett Packard Enterprise currently has a consensus rating of “Hold” and a consensus price target of $13.63.
Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Monday, March 1st. The technology company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.11. The business had revenue of $6.83 billion during the quarter, compared to the consensus estimate of $6.75 billion. Hewlett Packard Enterprise had a negative net margin of 1.19% and a positive return on equity of 10.73%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 earnings per share. Research analysts expect that Hewlett Packard Enterprise will post 0.34 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 7th. Investors of record on Wednesday, March 10th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Tuesday, March 9th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 35.56%.
In other news, EVP John F. Schultz sold 269,598 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, April 26th. The shares were sold at an average price of $16.54, for a total value of $4,459,150.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alan Richard May sold 343,017 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, March 5th. The shares were sold at an average price of $14.31, for a total transaction of $4,908,573.27. The disclosure for this sale can be found here. In the last ninety days, insiders sold 882,213 shares of company stock valued at $13,692,076. 0.44% of the stock is owned by insiders.
Hewlett Packard Enterprise Profile
Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem, HPE Synergy, and HPE ProLiant; storage solutions; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE Modular Storage Arrays and HPE XP.
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