Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama cut its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 0.2% in the 4th quarter, Holdings Channel reports. The fund owned 3,757,732 shares of the technology company’s stock after selling 9,293 shares during the period. Retirement Systems of Alabama’s holdings in Hewlett Packard Enterprise were worth $63,806,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Hewlett Packard Enterprise by 12.4% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 33,447 shares of the technology company’s stock valued at $581,000 after acquiring an additional 3,686 shares in the last quarter. Raymond James & Associates grew its stake in Hewlett Packard Enterprise by 13.2% in the fourth quarter. Raymond James & Associates now owns 932,921 shares of the technology company’s stock worth $15,841,000 after purchasing an additional 108,971 shares in the last quarter. Mackenzie Financial Corp grew its stake in Hewlett Packard Enterprise by 17.4% in the fourth quarter. Mackenzie Financial Corp now owns 1,562,640 shares of the technology company’s stock worth $26,534,000 after purchasing an additional 232,150 shares in the last quarter. Nordea Investment Management AB grew its stake in Hewlett Packard Enterprise by 0.9% in the third quarter. Nordea Investment Management AB now owns 4,024,719 shares of the technology company’s stock worth $70,272,000 after purchasing an additional 36,793 shares in the last quarter. Finally, Citigroup Inc. grew its stake in Hewlett Packard Enterprise by 70.2% in the third quarter. Citigroup Inc. now owns 3,550,595 shares of the technology company’s stock worth $61,674,000 after purchasing an additional 1,464,650 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 18,323 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total transaction of $310,758.08. Following the sale, the senior vice president now owns 15,541 shares of the company’s stock, valued at $263,575.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on HPE. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Saturday. Wells Fargo & Company lifted their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 17th. Morgan Stanley lifted their price target on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Evercore ISI decreased their price target on Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating for the company in a research note on Friday, March 1st. Finally, Sanford C. Bernstein downgraded Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $20.00 to $17.00 in a research note on Tuesday, January 16th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and an average price target of $17.91.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE traded up $0.20 during midday trading on Friday, hitting $17.17. 9,189,538 shares of the company’s stock were exchanged, compared to its average volume of 12,053,559. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.89 and a quick ratio of 0.63. The stock’s 50 day moving average price is $17.04 and its 200-day moving average price is $16.41. The firm has a market cap of $22.32 billion, a P/E ratio of 11.84, a PEG ratio of 3.18 and a beta of 1.21. Hewlett Packard Enterprise has a twelve month low of $13.65 and a twelve month high of $20.07.

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

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.52 annualized dividend and a dividend yield of 3.03%. Hewlett Packard Enterprise’s dividend payout ratio is presently 35.86%.

Hewlett Packard Enterprise Company Profile

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.