Teacher Retirement System of Texas Has $2.97 Million Stake in Hewlett Packard Enterprise Company (NYSE:HPE)

Teacher Retirement System of Texas lowered its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 76.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 192,140 shares of the technology company's stock after selling 628,377 shares during the period. Teacher Retirement System of Texas' holdings in Hewlett Packard Enterprise were worth $2,965,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pinnacle Financial Partners Inc lifted its stake in Hewlett Packard Enterprise by 6.9% in the first quarter. Pinnacle Financial Partners Inc now owns 11,541 shares of the technology company's stock valued at $178,000 after buying an additional 746 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Hewlett Packard Enterprise by 4.2% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 148,865 shares of the technology company's stock valued at $2,297,000 after acquiring an additional 6,030 shares during the period. Saxon Interests Inc. acquired a new position in shares of Hewlett Packard Enterprise during the first quarter valued at about $174,000. Westside Investment Management Inc. raised its holdings in shares of Hewlett Packard Enterprise by 14.3% during the first quarter. Westside Investment Management Inc. now owns 71,481 shares of the technology company's stock valued at $1,103,000 after purchasing an additional 8,958 shares during the period. Finally, MorganRosel Wealth Management LLC acquired a new position in shares of Hewlett Packard Enterprise during the first quarter valued at about $31,000. Institutional investors and hedge funds own 80.78% of the company's stock.

Insider Activity

In related news, EVP Phil Mottram sold 30,000 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $20.54, for a total value of $616,200.00. Following the transaction, the executive vice president owned 42,427 shares in the company, valued at approximately $871,450.58. This 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 link. Also, SVP Jeremy Cox sold 68,590 shares of the 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. In the last 90 days, insiders have sold 128,590 shares of company stock worth $2,436,000. Corporate insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $20.85 on Wednesday. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $24.66. The stock has a market cap of $27.36 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 3.02 and a beta of 1.35. The company's 50 day moving average is $18.09 and its two-hundred day moving average is $18.60. The company has a current ratio of 1.29, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) 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 firm had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.51 billion. During the same quarter last year, the business posted $0.42 earnings per share. The company's revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, research analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.13 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.49%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 52.53%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Raymond James Financial upped their target price on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, June 4th. UBS Group upped their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Loop Capital upped their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Monday, June 9th. Wolfe Research initiated coverage on shares of Hewlett Packard Enterprise in a report on Tuesday. They issued a "peer perform" rating on the stock. Finally, KeyCorp started coverage on Hewlett Packard Enterprise in a research note on Thursday, June 26th. They issued a "sector weight" rating for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $21.85.

Hewlett Packard Enterprise 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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