Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lowered its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 2.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,105 shares of the technology company’s stock after selling 3,722 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Hewlett Packard Enterprise were worth $2,839,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rise Advisors LLC grew its stake in shares of Hewlett Packard Enterprise by 253.9% during the first quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock worth $26,000 after purchasing an additional 1,051 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its stake in Hewlett Packard Enterprise by 571.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after acquiring an additional 1,143 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Hewlett Packard Enterprise in the second quarter valued at $28,000. Johnson Financial Group Inc. acquired a new position in Hewlett Packard Enterprise in the fourth quarter valued at $35,000. Finally, American National Bank boosted its stake in Hewlett Packard Enterprise by 89.4% in the first quarter. American National Bank now owns 1,949 shares of the technology company’s stock valued at $35,000 after acquiring an additional 920 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Activity

In other news, EVP Neil B. Macdonald sold 29,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the sale, the executive vice president now directly owns 82,061 shares in the company, valued at $1,395,037. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on HPE shares. Bank of America upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price objective for the company from $21.00 to $24.00 in a research note on Tuesday, September 17th. Susquehanna restated a “neutral” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, September 6th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a report on Thursday, June 20th. Argus raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Friday, June 7th. Finally, Loop Capital upped their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a report on Monday, September 9th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $21.08.

Hewlett Packard Enterprise Trading Down 0.2 %

Shares of Hewlett Packard Enterprise stock opened at $18.81 on Monday. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The stock has a market cap of $24.45 billion, a PE ratio of 13.73, a price-to-earnings-growth ratio of 1.97 and a beta of 1.19. The company has a 50-day moving average of $18.69 and a two-hundred day moving average of $18.62.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. The business had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.35 earnings per share. On average, research analysts anticipate that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 19th will be given a $0.13 dividend. The ex-dividend date is Thursday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 2.76%. Hewlett Packard Enterprise’s dividend payout ratio is presently 37.96%.

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.