Strs Ohio Takes $15.66 Million Position in Hewlett Packard Enterprise Company $HPE

Key Points

• Strs Ohio has acquired a new stake in Hewlett Packard Enterprise Company, purchasing approximately 1,015,069 shares valued at around $15.66 million, which represents about 0.08% of the company's total stock.
• Wall Street analysts have recently elevated their target price for HPE, with Evercore ISI raising it from $25.00 to $28.00 and Morgan Stanley upgrading its rating from "equal weight" to "overweight".
• Hewlett Packard Enterprise announced a dividend of $0.13 per share, with a dividend yield of 2.1%, to be paid on October 17 for stockholders of record as of September 18.

Strs Ohio acquired a new stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,015,069 shares of the technology company's stock, valued at approximately $15,663,000. Strs Ohio owned about 0.08% of Hewlett Packard Enterprise as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Putney Financial Group LLC acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $25,000. Hara Capital LLC bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at $28,000. Ameriflex Group Inc. acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth $31,000. Alpine Bank Wealth Management acquired a new position in Hewlett Packard Enterprise during the first quarter worth $25,000. Finally, Bruce G. Allen Investments LLC increased its holdings in Hewlett Packard Enterprise by 345.0% during the first quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock worth $26,000 after buying an additional 1,318 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HPE. Susquehanna boosted their target price on shares of Hewlett Packard Enterprise from $16.00 to $21.00 and gave the stock a "neutral" rating in a report on Thursday, September 4th. Evercore ISI boosted their target price on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. KeyCorp began coverage on shares of Hewlett Packard Enterprise in a report on Thursday, June 26th. They set a "sector weight" rating on the stock. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $22.00 to $28.00 in a report on Thursday, August 21st. Finally, Wolfe Research began coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, July 8th. They set a "peer perform" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of "Moderate Buy" and an average target price of $24.87.

Insider Activity

In other news, SVP Jeremy Cox sold 68,590 shares of the business's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $18.44, for a total value of $1,264,799.60. 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 83,334 shares of the business's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $24.04, for a total transaction of $2,003,349.36. Following the completion of the sale, the chief executive officer directly owned 1,752,392 shares of the company's stock, valued at approximately $42,127,503.68. The trade was a 4.54% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 461,924 shares of company stock valued at $10,110,183. 0.36% of the stock is owned by company insiders.

Hewlett Packard Enterprise Trading Down 0.4%

HPE stock opened at $24.76 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 $21.59 and a two-hundred day moving average price of $18.51. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $25.10. The stock has a market cap of $32.67 billion, a price-to-earnings ratio of 30.20, a price-to-earnings-growth ratio of 2.56 and a beta of 1.43.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 18th. Hewlett Packard Enterprise's payout ratio is presently 63.41%.

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.

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