Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 2.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 276,136 shares of the technology company’s stock after selling 6,790 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Hewlett Packard Enterprise were worth $5,896,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of HPE. Quest Partners LLC acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $50,000. Pathstone Holdings LLC boosted its holdings in shares of Hewlett Packard Enterprise by 1.5% in the 3rd quarter. Pathstone Holdings LLC now owns 158,004 shares of the technology company’s stock valued at $3,237,000 after buying an additional 2,368 shares during the period. PNC Financial Services Group Inc. lifted its position in Hewlett Packard Enterprise by 1.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 389,691 shares of the technology company’s stock valued at $7,973,000 after purchasing an additional 5,584 shares during the last quarter. Avior Wealth Management LLC lifted its position in Hewlett Packard Enterprise by 6.4% in the 3rd quarter. Avior Wealth Management LLC now owns 9,665 shares of the technology company’s stock valued at $198,000 after purchasing an additional 579 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Hewlett Packard Enterprise by 40.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 199,475 shares of the technology company’s stock valued at $4,081,000 after purchasing an additional 57,879 shares during the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the transaction, the senior vice president now owns 48,615 shares of the company’s stock, valued at $1,118,145. The trade was a 19.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $16.09 on Friday. The firm’s 50 day moving average is $20.22 and its 200-day moving average is $20.48. The stock has a market capitalization of $21.13 billion, a P/E ratio of 8.47, a P/E/G ratio of 2.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. Hewlett Packard Enterprise has a 12-month low of $14.64 and a 12-month high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be paid a $0.13 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 3.23%. Hewlett Packard Enterprise’s dividend payout ratio is currently 25.37%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. StockNews.com downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Wells Fargo & Company cut their price objective on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday, March 7th. Barclays cut their price objective on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Stifel Nicolaus lifted their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Susquehanna dropped their price target on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.27.

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.