Strs Ohio Sells 1,449,507 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Strs Ohio reduced its stake in Hewlett Packard Enterprise (NYSE:HPE) by 91.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 130,872 shares of the technology company’s stock after selling 1,449,507 shares during the period. Strs Ohio’s holdings in Hewlett Packard Enterprise were worth $2,222,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Aspire Private Capital LLC lifted its position in shares of Hewlett Packard Enterprise by 169.2% during the 4th quarter. Aspire Private Capital LLC now owns 1,217 shares of the technology company’s stock valued at $19,423,320,000 after acquiring an additional 765 shares during the period. Authentikos Wealth Advisory LLC acquired a new stake in Hewlett Packard Enterprise during the third quarter worth about $31,000. Ritter Daniher Financial Advisory LLC DE acquired a new stake in Hewlett Packard Enterprise during the third quarter worth about $33,000. Salem Investment Counselors Inc. increased its holdings in Hewlett Packard Enterprise by 180.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock valued at $33,000 after buying an additional 1,261 shares during the period. Finally, First Manhattan Co. raised its position in shares of Hewlett Packard Enterprise by 89.4% in the 1st quarter. First Manhattan Co. now owns 2,413 shares of the technology company’s stock valued at $40,000 after buying an additional 1,139 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $16.79 on Friday. The stock’s 50-day moving average is $16.87 and its 200-day moving average is $16.41. Hewlett Packard Enterprise has a 1-year low of $13.65 and a 1-year high of $20.07. The company has a current ratio of 0.89, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37. The stock has a market cap of $21.82 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 3.15 and a beta of 1.21.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $6.76 billion for the quarter, compared to analyst estimates of $7.09 billion. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The company’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. Equities research analysts anticipate that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Thursday, March 14th. Hewlett Packard Enterprise’s payout ratio is presently 35.86%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HPE shares. Evercore ISI decreased their price objective on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating on the stock in a research note on Friday, March 1st. Morgan Stanley lifted their price target on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Barclays dropped their price objective on Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, March 1st. Stifel Nicolaus reduced their price objective on Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. Finally, Wells Fargo & Company boosted their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $17.91.

About Hewlett Packard Enterprise

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