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

Retirement Systems of Alabama cut its position in Hewlett Packard Enterprise (NYSE:HPE) by 11.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,305,251 shares of the technology company’s stock after selling 582,411 shares during the period. Retirement Systems of Alabama’s holdings in Hewlett Packard Enterprise were worth $91,917,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its stake in Hewlett Packard Enterprise by 11.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 19,497 shares of the technology company’s stock worth $413,000 after purchasing an additional 1,992 shares in the last quarter. Cetera Investment Advisers grew its stake in Hewlett Packard Enterprise by 30.2% during the 2nd quarter. Cetera Investment Advisers now owns 157,793 shares of the technology company’s stock worth $3,341,000 after purchasing an additional 36,589 shares in the last quarter. Park Avenue Securities LLC grew its stake in Hewlett Packard Enterprise by 24.6% during the 3rd quarter. Park Avenue Securities LLC now owns 30,484 shares of the technology company’s stock worth $624,000 after purchasing an additional 6,023 shares in the last quarter. Czech National Bank grew its stake in Hewlett Packard Enterprise by 6.8% during the 3rd quarter. Czech National Bank now owns 264,757 shares of the technology company’s stock worth $5,417,000 after purchasing an additional 16,971 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Hewlett Packard Enterprise by 82.2% during the 3rd quarter. GAMMA Investing LLC now owns 9,875 shares of the technology company’s stock worth $202,000 after purchasing an additional 4,454 shares in the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Up 1.8 %

Hewlett Packard Enterprise stock opened at $20.83 on Wednesday. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The company has a market capitalization of $27.40 billion, a P/E ratio of 10.96, a PEG ratio of 1.97 and a beta of 1.19. The stock has a 50-day simple moving average of $22.07 and a 200-day simple moving average of $20.44.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is currently 27.37%.

Wall Street Analyst Weigh In

Several research analysts recently commented on HPE shares. Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $23.00 to $28.00 in a research note on Thursday, December 5th. Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $23.00 to $26.00 in a research note on Friday, December 6th. StockNews.com raised Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Stifel Nicolaus lifted their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $23.00 to $29.00 in a report on Monday, November 18th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Insider Activity

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the sale, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at $1,118,145. This represents a 19.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $23.47, for a total value of $1,173,500.00. Following the sale, the director now directly owns 104,192 shares of the company’s stock, valued at approximately $2,445,386.24. This represents a 32.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 332,166 shares of company stock valued at $7,300,629. Insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise 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.