California State Teachers Retirement System Sells 82,457 Shares of Hewlett Packard Enterprise (NYSE:HPE)

California State Teachers Retirement System trimmed its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,104,832 shares of the technology company's stock after selling 82,457 shares during the quarter. California State Teachers Retirement System owned about 0.16% of Hewlett Packard Enterprise worth $44,938,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Lebenthal Global Advisors LLC increased its position in shares of Hewlett Packard Enterprise by 83.7% in the fourth quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company's stock worth $771,000 after purchasing an additional 16,447 shares during the period. Korea Investment CORP boosted its position in Hewlett Packard Enterprise by 8.3% during the 4th quarter. Korea Investment CORP now owns 1,003,921 shares of the technology company's stock worth $21,434,000 after buying an additional 77,244 shares during the period. Milestone Asset Management LLC grew its stake in shares of Hewlett Packard Enterprise by 35.5% in the fourth quarter. Milestone Asset Management LLC now owns 92,369 shares of the technology company's stock worth $1,972,000 after purchasing an additional 24,197 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $3,598,000. Finally, Atria Investments Inc boosted its holdings in Hewlett Packard Enterprise by 24.3% in the fourth quarter. Atria Investments Inc now owns 24,843 shares of the technology company's stock valued at $530,000 after acquiring an additional 4,864 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Down 2.3%

NYSE:HPE traded down $0.40 during mid-day trading on Friday, hitting $17.25. 26,150,174 shares of the company's stock were exchanged, compared to its average volume of 17,208,538. The company has a market cap of $22.66 billion, a PE ratio of 9.08, a P/E/G ratio of 2.03 and a beta of 1.29. 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 one year low of $11.97 and a one year high of $24.66. The business has a fifty day moving average price of $15.99 and a 200 day moving average price of $19.12.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, March 21st were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.01%. The ex-dividend date was Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 25.37%.

Insider Transactions at Hewlett Packard Enterprise

In other news, Director Bethany Mayer sold 6,409 shares of the company's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.36% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on HPE. Susquehanna decreased their price target on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Wells Fargo & Company lowered 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 report on Friday, March 7th. Morgan Stanley lifted their target price on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 20th. Bank of America decreased their price objective on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Finally, Evercore ISI upgraded shares of Hewlett Packard Enterprise from an "in-line" rating to an "outperform" rating and increased their price target for the company from $17.00 to $22.00 in a research report on Tuesday, May 20th. Nine research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $21.13.

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.