New York State Common Retirement Fund Sells 69,600 Shares of Hewlett Packard Enterprise (NYSE:HPE)

New York State Common Retirement Fund reduced its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 7.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 865,858 shares of the technology company's stock after selling 69,600 shares during the period. New York State Common Retirement Fund owned approximately 0.07% of Hewlett Packard Enterprise worth $17,715,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Investment Counsel Inc raised its position in shares of Hewlett Packard Enterprise by 1.2% during the second quarter. Capital Investment Counsel Inc now owns 41,269 shares of the technology company's stock worth $874,000 after purchasing an additional 500 shares during the period. First Horizon Advisors Inc. lifted its stake in Hewlett Packard Enterprise by 4.8% during the second quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company's stock valued at $231,000 after buying an additional 501 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Hewlett Packard Enterprise by 0.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company's stock worth $2,363,000 after buying an additional 536 shares during the period. Bailard Inc. increased its position in shares of Hewlett Packard Enterprise by 1.7% in the second quarter. Bailard Inc. now owns 35,349 shares of the technology company's stock worth $748,000 after acquiring an additional 580 shares in the last quarter. Finally, Werba Rubin Papier Wealth Management raised its holdings in shares of Hewlett Packard Enterprise by 2.5% during the third quarter. Werba Rubin Papier Wealth Management now owns 23,583 shares of the technology company's stock valued at $483,000 after acquiring an additional 581 shares during the period. 80.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on HPE shares. Citigroup assumed coverage on shares of Hewlett Packard Enterprise in a research note on Monday, September 23rd. They issued a "neutral" rating and a $20.00 price objective for the company. UBS Group raised their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a "neutral" rating in a research report on Thursday, September 5th. Loop Capital increased their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a research note on Monday, September 9th. Deutsche Bank Aktiengesellschaft assumed coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They set a "hold" rating and a $22.00 target price on the stock. Finally, Bank of America upgraded Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and upped their target price for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $21.46.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, EVP Neil B. Macdonald sold 29,000 shares of the company's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the transaction, the executive vice president now directly owns 82,061 shares in the company, valued at $1,395,037. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Neil B. Macdonald sold 29,000 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the sale, the executive vice president now owns 82,061 shares in the company, valued at approximately $1,395,037. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Antonio F. Neri sold 250,000 shares of the business's stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $20.73, for a total value of $5,182,500.00. Following the transaction, the chief executive officer now owns 1,508,641 shares in the company, valued at $31,274,127.93. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 426,012 shares of company stock worth $8,599,617 over the last ninety days. Company insiders own 0.40% of the company's stock.

Hewlett Packard Enterprise Stock Up 6.6 %

NYSE HPE traded up $1.33 during trading on Wednesday, hitting $21.33. 15,482,588 shares of the company traded hands, compared to its average volume of 15,430,061. The company has a market capitalization of $27.70 billion, a P/E ratio of 14.29, a PEG ratio of 3.45 and a beta of 1.19. The business has a fifty day simple moving average of $19.41 and a 200 day simple moving average of $19.20. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $22.82. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. During the same period in the previous year, the company earned $0.35 EPS. The company's revenue for the quarter was up 10.1% on a year-over-year basis. As a group, sell-side analysts predict that Hewlett Packard Enterprise will post 1.66 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise's dividend payout ratio is 37.14%.

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.