Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Arizona State Retirement System

Arizona State Retirement System trimmed its holdings in shares of Hewlett Packard Enterprise (NYSE:HPEFree Report) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 352,353 shares of the technology company’s stock after selling 1,301 shares during the quarter. Arizona State Retirement System’s holdings in Hewlett Packard Enterprise were worth $6,120,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in HPE. Cambridge Investment Research Advisors Inc. raised its stake in shares of Hewlett Packard Enterprise by 10.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 74,736 shares of the technology company’s stock worth $1,249,000 after buying an additional 7,285 shares during the period. D.A. Davidson & CO. raised its stake in Hewlett Packard Enterprise by 12.6% in the 1st quarter. D.A. Davidson & CO. now owns 16,151 shares of the technology company’s stock valued at $270,000 after purchasing an additional 1,809 shares during the last quarter. Raymond James Trust N.A. raised its stake in Hewlett Packard Enterprise by 46.4% in the 1st quarter. Raymond James Trust N.A. now owns 16,080 shares of the technology company’s stock valued at $269,000 after purchasing an additional 5,095 shares during the last quarter. Blair William & Co. IL raised its stake in Hewlett Packard Enterprise by 9.8% in the 1st quarter. Blair William & Co. IL now owns 332,584 shares of the technology company’s stock valued at $5,557,000 after purchasing an additional 29,819 shares during the last quarter. Finally, Aviva PLC raised its stake in Hewlett Packard Enterprise by 45.8% in the 1st quarter. Aviva PLC now owns 634,757 shares of the technology company’s stock valued at $10,607,000 after purchasing an additional 199,382 shares during the last quarter. 81.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hewlett Packard Enterprise

In other news, CFO Jeremy Cox sold 1,773 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $16.93, for a total transaction of $30,016.89. Following the completion of the transaction, the chief financial officer now directly owns 14,374 shares in the company, valued at approximately $243,351.82. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP John F. Schultz sold 209,748 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $16.40, for a total transaction of $3,439,867.20. Following the completion of the transaction, the executive vice president now directly owns 278,118 shares in the company, valued at approximately $4,561,135.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeremy Cox sold 1,773 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $16.93, for a total value of $30,016.89. Following the transaction, the chief financial officer now owns 14,374 shares of the company’s stock, valued at $243,351.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 303,575 shares of company stock worth $4,989,141. 0.53% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HPE has been the subject of several recent research reports. StockNews.com raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Barclays reduced their price objective on Hewlett Packard Enterprise from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 29th. Raymond James increased their price objective on Hewlett Packard Enterprise from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. Morgan Stanley raised their target price on Hewlett Packard Enterprise from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 29th. Finally, Sanford C. Bernstein downgraded Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $20.00 to $17.00 in a research note on Tuesday, January 16th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $17.60.

Read Our Latest Research Report on HPE

Hewlett Packard Enterprise Stock Up 0.5 %

Shares of HPE opened at $15.89 on Wednesday. The company has a market capitalization of $20.65 billion, a PE ratio of 10.31, a price-to-earnings-growth ratio of 2.72 and a beta of 1.24. The company has a quick ratio of 0.66, a current ratio of 0.87 and a debt-to-equity ratio of 0.35. Hewlett Packard Enterprise has a 52-week low of $13.65 and a 52-week high of $18.14. The stock has a fifty day simple moving average of $16.35 and a two-hundred day simple moving average of $16.64.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last released its quarterly earnings results on Tuesday, November 28th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The business had revenue of $7.35 billion during the quarter, compared to analysts’ expectations of $7.36 billion. Hewlett Packard Enterprise had a return on equity of 9.83% and a net margin of 6.95%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.23) EPS. As a group, equities analysts forecast that Hewlett Packard Enterprise will post 1.6 EPS for the current year.

Hewlett Packard Enterprise Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Wednesday, December 13th were issued a dividend of $0.13 per share. The ex-dividend date was Tuesday, December 12th. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.27%. Hewlett Packard Enterprise’s dividend payout ratio is currently 33.77%.

Hewlett Packard Enterprise Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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