Teacher Retirement System of Texas decreased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE – Free Report) by 12.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 248,523 shares of the technology company’s stock after selling 36,814 shares during the period. Teacher Retirement System of Texas’ holdings in Hewlett Packard Enterprise were worth $4,175,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Fortem Financial Group LLC grew its position in shares of Hewlett Packard Enterprise by 37.0% during the 2nd quarter. Fortem Financial Group LLC now owns 66,131 shares of the technology company’s stock valued at $1,111,000 after buying an additional 17,877 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Hewlett Packard Enterprise by 141.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 782,180 shares of the technology company’s stock valued at $13,141,000 after purchasing an additional 458,240 shares during the last quarter. New Mexico Educational Retirement Board boosted its position in Hewlett Packard Enterprise by 4.7% during the 2nd quarter. New Mexico Educational Retirement Board now owns 62,308 shares of the technology company’s stock valued at $1,047,000 after purchasing an additional 2,800 shares during the period. Wedge Capital Management L L P NC increased its position in Hewlett Packard Enterprise by 901.5% in the second quarter. Wedge Capital Management L L P NC now owns 472,606 shares of the technology company’s stock worth $7,940,000 after buying an additional 425,417 shares during the period. Finally, Ritholtz Wealth Management lifted its position in Hewlett Packard Enterprise by 0.8% in the 2nd quarter. Ritholtz Wealth Management now owns 88,803 shares of the technology company’s stock valued at $1,492,000 after purchasing an additional 746 shares during the last quarter. Institutional investors own 81.15% of the company’s stock.
Analysts Set New Price Targets
Several analysts recently commented on HPE shares. Citigroup initiated coverage on Hewlett Packard Enterprise in a research report on Thursday, June 29th. They issued a “neutral” rating and a $18.00 target price on the stock. StockNews.com raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Wednesday, August 30th. Bank of America raised their target price on shares of Hewlett Packard Enterprise from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Wednesday, August 30th. Wells Fargo & Company boosted their price target on shares of Hewlett Packard Enterprise from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 30th. Finally, Morgan Stanley increased their price objective on shares of Hewlett Packard Enterprise from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $17.33.
Check Out Our Latest Research Report on Hewlett Packard Enterprise
Insider Transactions at Hewlett Packard Enterprise
In related news, SVP Jeremy Cox sold 21,131 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $17.66, for a total transaction of $373,173.46. Following the completion of the transaction, the senior vice president now owns 615 shares in the company, valued at $10,860.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Alan Richard May sold 343,016 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $17.48, for a total transaction of $5,995,919.68. Following the completion of the sale, the executive vice president now owns 249,511 shares of the company’s stock, valued at approximately $4,361,452.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeremy Cox sold 21,131 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $17.66, for a total value of $373,173.46. Following the sale, the senior vice president now owns 615 shares of the company’s stock, valued at approximately $10,860.90. The disclosure for this sale can be found here. Insiders sold 799,031 shares of company stock valued at $13,970,865 over the last quarter. Corporate insiders own 0.53% of the company’s stock.
Hewlett Packard Enterprise Trading Down 1.5 %
Shares of HPE stock opened at $17.37 on Monday. Hewlett Packard Enterprise has a 12 month low of $11.97 and a 12 month high of $18.14. The company has a quick ratio of 0.65, a current ratio of 0.88 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $17.26 and its two-hundred day moving average is $16.15. The company has a market cap of $22.28 billion, a PE ratio of 21.18, a price-to-earnings-growth ratio of 3.06 and a beta of 1.22.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last issued its quarterly earnings data on Tuesday, August 29th. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The firm had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.99 billion. Hewlett Packard Enterprise had a return on equity of 5.32% and a net margin of 3.64%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS. Equities analysts predict that Hewlett Packard Enterprise will post 1.43 EPS for the current year.
Hewlett Packard Enterprise Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Thursday, September 14th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Wednesday, September 13th. Hewlett Packard Enterprise’s payout ratio is currently 58.54%.
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.
Further Reading
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