Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lowered its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 59.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,601,908 shares of the technology company’s stock after selling 3,828,091 shares during the period. California Public Employees Retirement System owned 0.20% of Hewlett Packard Enterprise worth $55,551,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hara Capital LLC acquired a new stake in Hewlett Packard Enterprise during the 4th quarter worth approximately $28,000. Tandem Financial LLC purchased a new position in Hewlett Packard Enterprise in the 4th quarter valued at $32,000. R Squared Ltd acquired a new position in Hewlett Packard Enterprise in the 4th quarter valued at $45,000. Tompkins Financial Corp raised its position in Hewlett Packard Enterprise by 397.9% during the 4th quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company’s stock worth $61,000 after buying an additional 2,300 shares during the last quarter. Finally, Intact Investment Management Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth $68,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $15.66 on Wednesday. The stock has a market capitalization of $20.56 billion, a P/E ratio of 8.24, a P/E/G ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 12-month low of $14.64 and a 12-month high of $24.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The firm’s 50-day moving average is $19.24 and its two-hundred day moving average is $20.44.

Hewlett Packard Enterprise Announces Dividend

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 paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 3.32%. Hewlett Packard Enterprise’s payout ratio is currently 25.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total value 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. The trade was a 19.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.36% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HPE. 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 note on Friday, March 7th. Wells Fargo & Company cut their target price on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a research note on Friday, March 7th. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Thursday, December 19th. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Finally, Barclays cut their price target on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.