Illinois Municipal Retirement Fund Acquires 33,304 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Illinois Municipal Retirement Fund grew its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 949,507 shares of the technology company’s stock after acquiring an additional 33,304 shares during the period. Illinois Municipal Retirement Fund’s holdings in Hewlett Packard Enterprise were worth $20,272,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new stake in Hewlett Packard Enterprise in the third quarter worth approximately $25,000. Valley Wealth Managers Inc. bought a new stake in Hewlett Packard Enterprise in the third quarter worth approximately $26,000. Hara Capital LLC bought a new stake in Hewlett Packard Enterprise in the fourth quarter worth approximately $28,000. Financial Management Professionals Inc. grew its position in Hewlett Packard Enterprise by 80.3% in the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after acquiring an additional 637 shares in the last quarter. Finally, Tandem Financial LLC acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth $32,000. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Stock Down 1.9 %

Shares of NYSE:HPE opened at $20.75 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $24.66. The firm has a market cap of $27.25 billion, a P/E ratio of 10.92, a P/E/G ratio of 2.03 and a beta of 1.19. The company’s 50-day moving average price is $21.93 and its two-hundred day moving average price is $20.69.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were given a dividend of $0.13 per share. The ex-dividend date was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a yield of 2.51%. Hewlett Packard Enterprise’s payout ratio is presently 27.37%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. StockNews.com cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Thursday, December 19th. Barclays boosted their price objective on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Stifel Nicolaus upped their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $23.00 to $28.00 in a research note on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, Director Gary M. Reiner sold 50,000 shares of the 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 in the company, valued at $2,445,386.24. This trade represents a 32.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were 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 owns 48,615 shares in the company, valued at $1,118,145. This represents a 19.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 332,166 shares of company stock worth $7,300,629. Company insiders own 0.36% 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.