Hewlett Packard Enterprise Company (NYSE:HPE) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund decreased its holdings in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 19.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 768,399 shares of the technology company's stock after selling 181,108 shares during the period. Illinois Municipal Retirement Fund owned about 0.06% of Hewlett Packard Enterprise worth $11,856,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of HPE. Raymond James Financial Inc. acquired a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth $292,959,000. Norges Bank acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth $119,067,000. Slate Path Capital LP grew its stake in shares of Hewlett Packard Enterprise by 44.8% during the fourth quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company's stock worth $270,914,000 after purchasing an additional 3,924,039 shares in the last quarter. Northern Trust Corp grew its stake in shares of Hewlett Packard Enterprise by 24.7% during the fourth quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company's stock worth $345,534,000 after purchasing an additional 3,208,424 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC grew its stake in shares of Hewlett Packard Enterprise by 1,382.5% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 3,299,615 shares of the technology company's stock worth $70,447,000 after purchasing an additional 3,077,046 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Wall Street Analyst Weigh In

HPE has been the subject of a number of analyst reports. Bank of America lowered their target price 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. KeyCorp initiated coverage on shares of Hewlett Packard Enterprise in a research note on Thursday. They set a "sector weight" rating for the company. Daiwa Capital Markets downgraded shares of 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. Morgan Stanley boosted their target price on shares of Hewlett Packard Enterprise from $14.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 20th. Finally, Susquehanna reduced their price target on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $21.31.

Insider Activity

In related news, EVP Phil Mottram sold 30,000 shares of the stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $18.50, for a total transaction of $555,000.00. Following the completion of the transaction, the executive vice president now directly owns 72,427 shares of the company's stock, valued at $1,339,899.50. This represents a 29.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Bethany Mayer sold 6,409 shares of the stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The disclosure for this sale can be found here. Corporate insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE:HPE traded up $0.07 on Friday, reaching $18.44. The company's stock had a trading volume of 17,125,978 shares, compared to its average volume of 16,504,931. The stock's 50-day moving average is $17.37 and its two-hundred day moving average is $18.63. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $24.66. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96. The stock has a market capitalization of $24.19 billion, a P/E ratio of 18.62, a PEG ratio of 2.68 and a beta of 1.31.

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

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th will be issued a $0.13 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.82%. Hewlett Packard Enterprise's payout ratio is 52.53%.

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.