Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Position in Hewlett Packard Enterprise (NYSE:HPE)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 2.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm 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 SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Contrarius Group Holdings Ltd purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $4,008,000. Royal London Asset Management Ltd. lifted its stake in shares of Hewlett Packard Enterprise by 4.1% during the fourth 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 raised its stake in Hewlett Packard Enterprise by 264.6% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 11,296 shares of the technology company’s stock worth $241,000 after purchasing an additional 8,198 shares during the period. Brooklyn FI LLC purchased a new position in Hewlett Packard Enterprise during the fourth quarter worth approximately $5,182,000. Finally, Xponance Inc. raised its stake in Hewlett Packard Enterprise by 8.7% during the fourth quarter. Xponance Inc. now owns 196,074 shares of the technology company’s stock worth $4,186,000 after purchasing an additional 15,771 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

HPE has been the topic of a number of recent analyst reports. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price target for the stock from $23.00 to $26.00 in a research note on Friday, December 6th. Bank of America cut their price target on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Stifel Nicolaus increased 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. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Thursday, December 19th. Finally, Barclays cut their price target on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $21.27.

Hewlett Packard Enterprise Price Performance

HPE opened at $16.09 on Friday. The company has a fifty day simple moving average of $20.22 and a 200 day simple moving average of $20.48. The firm 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 twelve month low of $14.64 and a twelve month high of $24.66. 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 Announces Dividend

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

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at $1,118,145. This trade represents a 19.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.36% of the company’s stock.

About Hewlett Packard Enterprise

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.