New York State Teachers Retirement System Sells 126,990 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• The New York State Teachers Retirement System has reduced its holdings in Hewlett Packard Enterprise by 10.0%, selling 126,990 shares in the second quarter, leaving it with approximately 1,142,885 shares valued at $23.37 million.
• Several hedge funds have significantly increased their stakes in Hewlett Packard Enterprise, with National Bank of Canada FI growing its holdings by a remarkable 1,369.1% during the first quarter.
• Hewlett Packard Enterprise has seen recent analyst upgrades, with Morgan Stanley raising its rating from "equal weight" to "overweight" and increasing the price target from $22.00 to $28.00.

New York State Teachers Retirement System reduced its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 10.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,142,885 shares of the technology company's stock after selling 126,990 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Hewlett Packard Enterprise worth $23,372,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in HPE. National Bank of Canada FI grew its stake in shares of Hewlett Packard Enterprise by 1,369.1% during the 1st quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company's stock worth $251,192,000 after acquiring an additional 15,171,314 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Hewlett Packard Enterprise by 3,847.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 8,831,262 shares of the technology company's stock worth $180,599,000 after acquiring an additional 8,607,523 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Hewlett Packard Enterprise by 45.6% during the 1st quarter. AQR Capital Management LLC now owns 12,521,303 shares of the technology company's stock worth $193,078,000 after acquiring an additional 3,922,516 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Hewlett Packard Enterprise by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 167,199,996 shares of the technology company's stock worth $2,579,896,000 after acquiring an additional 2,779,446 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Hewlett Packard Enterprise by 15.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,584,742 shares of the technology company's stock worth $271,333,000 after acquiring an additional 2,373,850 shares in the last quarter. 80.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

HPE has been the subject of several research reports. Morgan Stanley raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $22.00 to $28.00 in a research note on Thursday, August 21st. Citigroup raised their target price on shares of Hewlett Packard Enterprise from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Monday, October 6th. The Goldman Sachs Group raised their target price on shares of Hewlett Packard Enterprise from $27.00 to $31.00 and gave the company a "neutral" rating in a research note on Thursday. Bank of America raised their target price on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a "buy" rating in a research note on Tuesday, September 2nd. Finally, Zacks Research cut shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $25.50.

Insider Activity

In other news, EVP Maeve C. Culloty sold 3,738 shares of the business's stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total value of $93,898.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Antonio F. Neri sold 166,666 shares of the business's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $25.03, for a total transaction of $4,171,649.98. Following the completion of the sale, the chief executive officer directly owned 1,585,726 shares of the company's stock, valued at approximately $39,690,721.78. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 543,738 shares of company stock valued at $12,922,932. 0.36% of the stock is owned by company insiders.

Hewlett Packard Enterprise Trading Up 2.3%

HPE stock opened at $23.01 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69. The company has a fifty day moving average price of $23.61 and a two-hundred day moving average price of $19.87. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $26.44. The stock has a market cap of $30.36 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings data on Wednesday, September 3rd. The technology company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.09). Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.The company had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.77 billion. During the same period last year, the firm earned $0.50 earnings per share. The company's revenue for the quarter was up 19.8% compared to the same quarter last year. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. Equities analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, September 18th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.3%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 63.41%.

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.

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