New York State Teachers Retirement System Lowers Position in Hewlett Packard Enterprise (NYSE:HPE)

New York State Teachers Retirement System decreased its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,297,967 shares of the technology company’s stock after selling 46,786 shares during the period. New York State Teachers Retirement System owned about 0.10% of Hewlett Packard Enterprise worth $27,712,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of HPE. RPg Family Wealth Advisory LLC purchased a new position in Hewlett Packard Enterprise during the 3rd quarter worth $25,000. Valley Wealth Managers Inc. bought a new stake in Hewlett Packard Enterprise in the 3rd quarter worth about $26,000. Financial Management Professionals Inc. increased its stake in Hewlett Packard Enterprise by 80.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock valued at $29,000 after buying an additional 637 shares during the last quarter. Tandem Financial LLC bought a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $32,000. Finally, R Squared Ltd bought a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $45,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Up 2.1 %

Shares of NYSE HPE opened at $21.73 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The company has a market cap of $28.58 billion, a P/E ratio of 11.43, a P/E/G ratio of 1.98 and a beta of 1.19. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $24.66. The business has a 50-day simple moving average of $22.00 and a two-hundred day simple moving average of $20.51.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were paid a dividend of $0.13 per share. The ex-dividend date was Friday, December 20th. This represents a $0.52 annualized dividend and a yield of 2.39%. Hewlett Packard Enterprise’s dividend payout ratio is currently 27.37%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HPE. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Thursday, December 19th. Barclays lifted their target price on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Loop Capital increased their price target on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Finally, StockNews.com downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the transaction, the senior vice president now directly owns 48,615 shares in the company, valued at $1,118,145. This represents a 19.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total value of $5,682,125.16. Following the completion of the sale, the executive vice president now directly owns 270,430 shares in the company, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 332,166 shares of company stock valued at $7,300,629. Company insiders own 0.40% of the company’s stock.

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.