New York State Teachers Retirement System Sells 28,092 Shares of Hewlett Packard Enterprise Company (NYSE:HPE)

New York State Teachers Retirement System reduced its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 2.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,269,875 shares of the technology company's stock after selling 28,092 shares during the period. New York State Teachers Retirement System owned 0.10% of Hewlett Packard Enterprise worth $19,594,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in HPE. Proficio Capital Partners LLC acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $3,598,000. US Bancorp DE lifted its stake in Hewlett Packard Enterprise by 2.2% during the fourth quarter. US Bancorp DE now owns 192,222 shares of the technology company's stock worth $4,104,000 after purchasing an additional 4,140 shares during the period. SRS Capital Advisors Inc. boosted its stake in Hewlett Packard Enterprise by 27.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 5,390 shares of the technology company's stock valued at $115,000 after buying an additional 1,165 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Hewlett Packard Enterprise by 115.5% in the 4th quarter. Jones Financial Companies Lllp now owns 11,053 shares of the technology company's stock worth $236,000 after purchasing an additional 5,924 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $460,000. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Stock Up 0.3%

NYSE HPE traded up $0.07 during trading hours on Friday, reaching $21.32. 12,296,572 shares of the company's stock were exchanged, compared to its average volume of 16,798,132. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29. The company has a market capitalization of $27.97 billion, a price-to-earnings ratio of 21.53, a price-to-earnings-growth ratio of 3.09 and a beta of 1.35. The company's 50-day moving average is $17.91 and its two-hundred day moving average is $18.62. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $7.63 billion during the quarter, compared to analysts' expectations of $7.51 billion. During the same quarter in the prior year, the company earned $0.42 earnings per share. The business's quarterly revenue was up 5.9% compared to the same quarter last year. On average, analysts forecast that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared 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 of this dividend is Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.44%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 52.53%.

Insider Activity

In related news, EVP Phil Mottram sold 30,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $20.54, for a total value of $616,200.00. Following the sale, the executive vice president owned 42,427 shares of the company's stock, valued at approximately $871,450.58. This trade represents a 41.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeremy Cox sold 68,590 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $18.44, for a total transaction of $1,264,799.60. The disclosure for this sale can be found here. Insiders have sold 128,590 shares of company stock valued at $2,436,000 over the last ninety days. 0.36% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HPE. Morgan Stanley raised their target price on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 20th. Wall Street Zen cut shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Daiwa America lowered Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 12th. UBS Group upped their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Finally, Wells Fargo & Company increased their target price on Hewlett Packard Enterprise from $20.00 to $22.00 and gave the company an "equal weight" rating in a research note on Thursday. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $21.85.

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.