Hewlett Packard Enterprise Company (HPE) Position Maintained by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D continued to hold its stake in Hewlett Packard Enterprise Company (NYSE:HPE) during the second quarter, Holdings Channel reports. The fund owned 600,000 shares of the technology company’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in Hewlett Packard Enterprise were worth $9,954,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in HPE. Reilly Financial Advisors LLC boosted its stake in Hewlett Packard Enterprise by 5.3% in the first quarter. Reilly Financial Advisors LLC now owns 5,002 shares of the technology company’s stock valued at $119,000 after buying an additional 250 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in Hewlett Packard Enterprise during the first quarter valued at about $125,000. Harfst & Associates Inc. acquired a new stake in Hewlett Packard Enterprise during the first quarter valued at about $127,000. James Investment Research Inc. boosted its stake in Hewlett Packard Enterprise by 8.8% in the first quarter. James Investment Research Inc. now owns 5,580 shares of the technology company’s stock valued at $132,000 after buying an additional 450 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC boosted its stake in Hewlett Packard Enterprise by 12.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the technology company’s stock valued at $117,000 after buying an additional 675 shares in the last quarter. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) opened at 17.64 on Thursday. The stock has a 50 day moving average price of $17.18 and a 200 day moving average price of $17.62. Hewlett Packard Enterprise Company has a one year low of $15.46 and a one year high of $19.16. The stock has a market capitalization of $28.98 billion, a P/E ratio of 13.37 and a beta of 2.74.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Wednesday, May 31st. The technology company reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. Hewlett Packard Enterprise had a return on equity of 9.80% and a net margin of 4.85%. The business had revenue of $9.90 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same quarter in the prior year, the company earned $0.42 earnings per share. The company’s revenue was down 22.1% on a year-over-year basis. Equities analysts forecast that Hewlett Packard Enterprise Company will post $1.45 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Tuesday, September 12th. Hewlett Packard Enterprise’s dividend payout ratio is currently 20.16%.

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Several analysts recently issued reports on the company. Barclays PLC reiterated an “underweight” rating and set a $17.00 target price (down previously from $18.00) on shares of Hewlett Packard Enterprise in a research report on Thursday, June 1st. Robert W. Baird reissued a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Thursday, June 1st. Morgan Stanley reissued an “equal weight” rating and set a $18.00 price target (up from $17.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, June 1st. Stifel Nicolaus reissued a “hold” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, May 26th. Finally, Mizuho reissued a “neutral” rating on shares of Hewlett Packard Enterprise in a research note on Friday, June 9th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus target price of $21.87.

In related news, CEO Margaret C. Whitman sold 389,668 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $17.82, for a total value of $6,943,883.76. Following the transaction, the chief executive officer now owns 962,433 shares of the company’s stock, valued at $17,150,556.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Margaret C. Whitman sold 389,651 shares of the stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $17.47, for a total value of $6,807,202.97. Following the completion of the transaction, the chief executive officer now directly owns 1,157,250 shares in the company, valued at approximately $20,217,157.50. The disclosure for this sale can be found here. Insiders have sold 1,612,328 shares of company stock worth $28,048,424 in the last ninety days. Corporate insiders own 0.87% of the company’s stock.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise Company (NYSE:HPE).

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

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