Public Employees Retirement System of Ohio Cuts Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Public Employees Retirement System of Ohio lowered its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 623,009 shares of the technology company's stock after selling 34,939 shares during the period. Public Employees Retirement System of Ohio's holdings in Hewlett Packard Enterprise were worth $13,301,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in HPE. Lebenthal Global Advisors LLC lifted its holdings in shares of Hewlett Packard Enterprise by 83.7% during the 4th quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company's stock valued at $771,000 after purchasing an additional 16,447 shares during the last quarter. Korea Investment CORP raised its stake in Hewlett Packard Enterprise by 8.3% in the fourth quarter. Korea Investment CORP now owns 1,003,921 shares of the technology company's stock valued at $21,434,000 after buying an additional 77,244 shares during the last quarter. Milestone Asset Management LLC raised its stake in 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 valued at $1,972,000 after buying an additional 24,197 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Hewlett Packard Enterprise in the fourth quarter valued at about $3,598,000. Finally, Atria Investments Inc raised its position in shares of Hewlett Packard Enterprise by 24.3% in the 4th quarter. Atria Investments Inc now owns 24,843 shares of the technology company's stock valued at $530,000 after purchasing an additional 4,864 shares during the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Performance

HPE stock traded down $0.25 during trading on Wednesday, hitting $17.69. 10,678,478 shares of the company traded hands, compared to its average volume of 17,291,468. The stock's 50-day simple moving average is $15.92 and its 200 day simple moving average is $19.23. 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 company has a market cap of $23.24 billion, a PE ratio of 9.31, a P/E/G ratio of 2.03 and a beta of 1.29. Hewlett Packard Enterprise has a 1 year low of $11.97 and a 1 year high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, March 21st were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend was Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 25.37%.

Insider Activity

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise stock in a transaction on Friday, April 4th. The shares were sold at an average price of $13.19, for a total value of $84,534.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HPE. Wall Street Zen cut shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Loop Capital reduced their target price on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a research note on Monday, March 10th. Daiwa Capital Markets lowered Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price for the company. in a research note on Wednesday, March 12th. Bank of America reduced their target price on 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, Daiwa America cut Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 12th. 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 stock. According to data from MarketBeat, Hewlett Packard Enterprise has an average rating of "Moderate Buy" and an average price target 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.