Teacher Retirement System of Texas Trims Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Teacher Retirement System of Texas decreased its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 60.5% in the 4th quarter, Holdings Channel reports. The firm owned 820,517 shares of the technology company’s stock after selling 1,254,311 shares during the period. Teacher Retirement System of Texas’ holdings in Hewlett Packard Enterprise were worth $17,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of HPE. Royal London Asset Management Ltd. increased its stake in Hewlett Packard Enterprise by 4.1% in the 4th quarter. Royal London Asset Management Ltd. now owns 572,211 shares of the technology company’s stock valued at $12,217,000 after buying an additional 22,483 shares during the period. Harvest Fund Management Co. Ltd increased its stake in Hewlett Packard Enterprise by 264.6% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 11,296 shares of the technology company’s stock valued at $241,000 after buying an additional 8,198 shares during the period. Brooklyn FI LLC acquired a new position in Hewlett Packard Enterprise in the 4th quarter valued at $5,182,000. Xponance Inc. increased its stake in Hewlett Packard Enterprise by 8.7% in the 4th quarter. Xponance Inc. now owns 196,074 shares of the technology company’s stock valued at $4,186,000 after buying an additional 15,771 shares during the period. Finally, Boston Partners increased its stake in Hewlett Packard Enterprise by 19.1% in the 4th quarter. Boston Partners now owns 12,848,336 shares of the technology company’s stock valued at $276,075,000 after buying an additional 2,058,562 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

HPE has been the topic of several recent research reports. Wells Fargo & Company dropped 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 note on Friday, March 7th. Daiwa Capital Markets cut shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research note on Wednesday, March 12th. Stifel Nicolaus upped their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Susquehanna lowered 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 note on Friday, March 7th. Finally, Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price target for the stock from $23.00 to $26.00 in a research note on Friday, December 6th. Nine research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.27.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $16.09 on Friday. The stock has a market cap of $21.13 billion, a price-to-earnings ratio of 8.47, a PEG ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 52 week low of $14.64 and a 52 week high of $24.66. The company’s 50-day moving average price is $20.22 and its 200 day moving average price is $20.47. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be issued a $0.13 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.23%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 25.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the company’s stock in a transaction dated 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 directly owns 48,615 shares in the company, valued at approximately $1,118,145. This represents a 19.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.36% of the stock is owned by insiders.

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.