Teacher Retirement System of Texas Has $5.94 Million Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Teacher Retirement System of Texas grew its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 61.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 349,844 shares of the technology company's stock after buying an additional 133,203 shares during the quarter. Teacher Retirement System of Texas' holdings in Hewlett Packard Enterprise were worth $5,940,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Authentikos Wealth Advisory LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth about $31,000. Ritter Daniher Financial Advisory LLC DE acquired a new stake in Hewlett Packard Enterprise in the third quarter valued at approximately $33,000. Salem Investment Counselors Inc. grew its holdings in Hewlett Packard Enterprise by 180.1% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company's stock valued at $33,000 after purchasing an additional 1,261 shares during the period. ORG Partners LLC raised its stake in shares of Hewlett Packard Enterprise by 111.4% during the 4th quarter. ORG Partners LLC now owns 2,615 shares of the technology company's stock worth $44,000 after buying an additional 1,378 shares during the period. Finally, NBC Securities Inc. acquired a new position in shares of Hewlett Packard Enterprise during the 3rd quarter worth approximately $52,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 18,323 shares of the stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total value of $310,758.08. Following the sale, the senior vice president now directly owns 15,541 shares in the company, valued at $263,575.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Trading Up 1.6 %

Shares of HPE traded up $0.27 during midday trading on Tuesday, reaching $17.65. The company had a trading volume of 11,462,827 shares, compared to its average volume of 14,152,280. The firm has a 50 day simple moving average of $17.42 and a 200-day simple moving average of $16.47. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37. The stock has a market cap of $22.95 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 3.16 and a beta of 1.20. Hewlett Packard Enterprise has a 1-year low of $13.79 and a 1-year high of $20.07.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its earnings results on Thursday, February 29th. The technology company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The company had revenue of $6.76 billion for the quarter, compared to analysts' expectations of $7.09 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. Hewlett Packard Enterprise's revenue for the quarter was down 13.5% compared to the same quarter last year. Research analysts forecast that Hewlett Packard Enterprise will post 1.4 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.95%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise's dividend payout ratio is currently 35.86%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HPE shares. StockNews.com cut shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Saturday, April 27th. Barclays lowered their price objective on Hewlett Packard Enterprise from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Friday, March 1st. Stifel Nicolaus reduced their target price on Hewlett Packard Enterprise from $20.00 to $18.00 and set a "buy" rating for the company in a report on Friday, March 1st. Evercore ISI lowered their price target on Hewlett Packard Enterprise from $19.00 to $18.00 and set an "in-line" rating on the stock in a research note on Friday, March 1st. Finally, Sanford C. Bernstein downgraded Hewlett Packard Enterprise from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $20.00 to $17.00 in a research note on Tuesday, January 16th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $17.91.

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.