Public Employees Retirement System of Ohio Purchases 26,776 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• The Public Employees Retirement System of Ohio increased its holdings in Hewlett Packard Enterprise by 5.6% during the second quarter, acquiring an additional 26,776 shares to reach a total of 504,433 shares valued at approximately $10.3 million.
• Hewlett Packard Enterprise has recently announced a quarterly dividend of $0.13 per share, making it an annualized $0.52 with a yield of 2.2%, set to be paid on October 17th.
• Analysts have raised their target prices for Hewlett Packard Enterprise with increasing optimism, with Deutsche Bank setting a new target of $26.00 and Morgan Stanley at $28.00, indicating a growing bullish sentiment in the market.

Public Employees Retirement System of Ohio grew its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 5.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 504,433 shares of the technology company's stock after purchasing an additional 26,776 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Hewlett Packard Enterprise were worth $10,316,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of Hewlett Packard Enterprise by 39.8% in the 2nd quarter. GAMMA Investing LLC now owns 24,835 shares of the technology company's stock valued at $508,000 after purchasing an additional 7,075 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter valued at $952,000. Assenagon Asset Management S.A. boosted its stake in shares of Hewlett Packard Enterprise by 3,847.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 8,831,262 shares of the technology company's stock valued at $180,599,000 after purchasing an additional 8,607,523 shares during the last quarter. Bell Bank boosted its stake in Hewlett Packard Enterprise by 2.1% during the second quarter. Bell Bank now owns 349,575 shares of the technology company's stock worth $7,149,000 after acquiring an additional 7,204 shares in the last quarter. Finally, IFM Investors Pty Ltd boosted its stake in Hewlett Packard Enterprise by 5.3% during the second quarter. IFM Investors Pty Ltd now owns 329,112 shares of the technology company's stock worth $6,730,000 after acquiring an additional 16,546 shares in the last quarter. 80.78% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Gary M. Reiner sold 40,000 shares of the firm's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $24.58, for a total transaction of $983,200.00. Following the transaction, the director directly owned 83,869 shares of the company's stock, valued at $2,061,500.02. This trade represents a 32.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Maeve C. Culloty sold 3,738 shares of the firm's stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total transaction of $93,898.56. The disclosure for this sale can be found here. Insiders sold 573,738 shares of company stock valued at $13,539,132 over the last ninety days. Company insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Down 0.8%

HPE opened at $24.01 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's 50-day moving average is $22.37 and its 200 day moving average is $18.99. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $25.36. The firm has a market capitalization of $31.68 billion, a P/E ratio of 29.28, a PEG ratio of 2.47 and a beta of 1.43.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, September 18th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 63.41%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Morgan Stanley raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $22.00 to $28.00 in a research note on Thursday, August 21st. Wells Fargo & Company increased their target price on shares of Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 4th. Bank of America increased their target price on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Tuesday, September 2nd. Finally, Raymond James Financial increased their target price on shares of Hewlett Packard Enterprise from $29.00 to $30.00 and gave the stock a "strong-buy" rating in a research note on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.81.

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.

Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise Company (NYSE:HPE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.