Hewlett Packard Enterprise Company (NYSE:HPE) Shares Purchased by Retirement Systems of Alabama

Retirement Systems of Alabama increased its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 7.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,609,496 shares of the technology company's stock after purchasing an additional 304,245 shares during the quarter. Retirement Systems of Alabama owned 0.35% of Hewlett Packard Enterprise worth $71,125,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HPE. Principal Securities Inc. grew its stake in Hewlett Packard Enterprise by 32.9% during the 4th quarter. Principal Securities Inc. now owns 12,162 shares of the technology company's stock worth $260,000 after purchasing an additional 3,012 shares in the last quarter. Allworth Financial LP lifted its holdings in Hewlett Packard Enterprise by 18.1% during the 4th quarter. Allworth Financial LP now owns 43,620 shares of the technology company's stock worth $931,000 after buying an additional 6,680 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $374,000. CIBC Asset Management Inc lifted its holdings in Hewlett Packard Enterprise by 2.5% during the 4th quarter. CIBC Asset Management Inc now owns 227,021 shares of the technology company's stock worth $4,847,000 after buying an additional 5,459 shares during the last quarter. Finally, Truist Financial Corp lifted its holdings in Hewlett Packard Enterprise by 6.2% during the 4th quarter. Truist Financial Corp now owns 441,600 shares of the technology company's stock worth $9,428,000 after buying an additional 25,836 shares during the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Raymond James Financial lifted their price target on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the stock a "strong-buy" rating in a report on Wednesday, June 4th. Susquehanna reduced their target price 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. Loop Capital boosted their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a report on Monday, June 9th. Daiwa America downgraded Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 12th. Finally, Wells Fargo & Company boosted their target price on Hewlett Packard Enterprise from $17.00 to $20.00 and gave the company an "equal weight" rating in a report on Wednesday, June 4th. Eight equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $21.31.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $17.79 on Friday. The stock has a market capitalization of $23.35 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 2.60 and a beta of 1.31. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $24.66. The stock's 50-day moving average price is $16.96 and its 200 day moving average price is $18.82. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.05. The firm had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 EPS. As a group, equities research analysts forecast that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Wednesday, June 18th. Hewlett Packard Enterprise's payout ratio is 52.53%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.36% of the stock is currently owned by insiders.

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.

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