Public Employees Retirement System of Ohio lifted its stake in Hewlett Packard Enterprise Co (NYSE:HPE) by 7.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 690,428 shares of the technology company’s stock after purchasing an additional 49,289 shares during the period. Public Employees Retirement System of Ohio owned 0.05% of Hewlett Packard Enterprise worth $6,718,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Elmwood Wealth Management Inc. bought a new position in shares of Hewlett Packard Enterprise in the 1st quarter worth $59,000. Engrave Wealth Partners LLC boosted its position in shares of Hewlett Packard Enterprise by 336.0% in the 2nd quarter. Engrave Wealth Partners LLC now owns 3,488 shares of the technology company’s stock worth $33,000 after purchasing an additional 2,688 shares during the last quarter. Beese Fulmer Investment Management Inc. bought a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth $42,000. Modus Advisors LLC bought a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth $47,000. Finally, Hoover Financial Advisors Inc. bought a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth $60,000. Institutional investors and hedge funds own 80.89% of the company’s stock.
HPE opened at $9.33 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.99 and a quick ratio of 0.83. Hewlett Packard Enterprise Co has a fifty-two week low of $7.43 and a fifty-two week high of $17.59. The firm has a market capitalization of $11.94 billion, a PE ratio of -464.00, a P/E/G ratio of 1.40 and a beta of 1.24. The company’s 50-day moving average is $9.66 and its 200 day moving average is $9.87.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $0.48 annualized dividend and a yield of 5.14%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 27.12%.
HPE has been the topic of several recent research reports. Susquehanna Bancshares restated a “hold” rating and issued a $10.00 price target on shares of Hewlett Packard Enterprise in a research report on Monday, July 13th. Morgan Stanley lifted their target price on Hewlett Packard Enterprise from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Thursday, August 27th. Raymond James lowered Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating in a report on Friday, May 22nd. UBS Group reduced their target price on Hewlett Packard Enterprise from $13.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, May 22nd. Finally, Barclays reduced their target price on Hewlett Packard Enterprise from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Friday, May 22nd. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $12.13.
About Hewlett Packard Enterprise
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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