Teacher Retirement System of Texas Lowers Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Teacher Retirement System of Texas reduced its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 60.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 820,517 shares of the technology company's stock after selling 1,254,311 shares during the quarter. Teacher Retirement System of Texas owned about 0.06% of Hewlett Packard Enterprise worth $17,518,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quest Partners LLC bought a new position in shares of Hewlett Packard Enterprise in the 3rd quarter worth $50,000. Pathstone Holdings LLC raised its holdings in Hewlett Packard Enterprise by 1.5% during the third quarter. Pathstone Holdings LLC now owns 158,004 shares of the technology company's stock worth $3,237,000 after buying an additional 2,368 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in shares of Hewlett Packard Enterprise by 13.6% in the third quarter. Fifth Third Wealth Advisors LLC now owns 17,233 shares of the technology company's stock valued at $353,000 after buying an additional 2,068 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Hewlett Packard Enterprise by 1.5% during the third quarter. PNC Financial Services Group Inc. now owns 389,691 shares of the technology company's stock worth $7,973,000 after acquiring an additional 5,584 shares in the last quarter. Finally, Avior Wealth Management LLC raised its holdings in shares of Hewlett Packard Enterprise by 6.4% in the 3rd quarter. Avior Wealth Management LLC now owns 9,665 shares of the technology company's stock worth $198,000 after acquiring an additional 579 shares during the last quarter. Institutional investors own 80.78% of the company's stock.

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Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the sale, the senior vice president now owns 48,615 shares of the company's stock, valued at approximately $1,118,145. This represents a 19.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HPE shares. Daiwa Capital Markets downgraded Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price target for the company. in a research note on Wednesday, March 12th. Stifel Nicolaus lifted their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Barclays lowered their price target on Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Wells Fargo & Company cut their price objective on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating on the stock in a report on Friday, March 7th. Finally, Bank of America lowered their target price on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a report on Friday, March 7th. Nine analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of "Moderate Buy" and a consensus price target of $21.27.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock traded up $0.08 during trading on Tuesday, reaching $16.56. 21,197,750 shares of the company's stock traded hands, compared to its average volume of 15,163,514. The firm's 50-day moving average is $19.99 and its 200 day moving average is $20.48. The company has a market capitalization of $21.75 billion, a P/E ratio of 8.72, a PEG ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 1 year low of $14.64 and a 1 year high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise's payout ratio is currently 25.37%.

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.