New York State Teachers Retirement System Has $27.71 Million Stake in Hewlett Packard Enterprise (NYSE:HPE)

New York State Teachers Retirement System lessened its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,297,967 shares of the technology company's stock after selling 46,786 shares during the quarter. New York State Teachers Retirement System owned about 0.10% of Hewlett Packard Enterprise worth $27,712,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of HPE. Exchange Traded Concepts LLC boosted its stake in shares of Hewlett Packard Enterprise by 381.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 12,840 shares of the technology company's stock valued at $263,000 after purchasing an additional 10,171 shares during the last quarter. Creative Planning boosted its stake in shares of Hewlett Packard Enterprise by 3.2% in the 3rd quarter. Creative Planning now owns 197,019 shares of the technology company's stock valued at $4,031,000 after purchasing an additional 6,098 shares during the last quarter. NBC Securities Inc. boosted its stake in shares of Hewlett Packard Enterprise by 510.2% in the 3rd quarter. NBC Securities Inc. now owns 15,201 shares of the technology company's stock valued at $311,000 after purchasing an additional 12,710 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $92,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Hewlett Packard Enterprise by 1.2% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 128,115 shares of the technology company's stock valued at $2,621,000 after purchasing an additional 1,507 shares during the last quarter. Institutional investors own 80.78% of the company's stock.

Wall Street Analysts Forecast Growth

HPE has been the topic of several recent analyst reports. Morgan Stanley raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $23.00 to $28.00 in a research note on Thursday, December 5th. Barclays lifted their price objective on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Stifel Nicolaus lifted their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Citigroup raised shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $23.00 to $26.00 in a research note on Friday, December 6th. Finally, Loop Capital lifted their price objective on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a "hold" rating in a research note on Monday, December 9th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of "Moderate Buy" and an average target price of $24.00.

Insider Activity

In other news, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total value of $5,682,125.16. Following the sale, the executive vice president now directly owns 270,430 shares in the company, valued at $5,846,696.60. This trade represents a 49.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeremy Cox sold 7,771 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $23.00, for a total transaction of $178,733.00. Following the completion of the sale, the senior vice president now owns 61,735 shares in the company, valued at $1,419,905. This trade represents a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 332,166 shares of company stock worth $7,300,629 over the last ninety days. Insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Up 0.1 %

HPE traded up $0.02 during trading on Wednesday, reaching $21.80. The company had a trading volume of 8,420,245 shares, compared to its average volume of 14,543,824. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $24.66. The company has a market cap of $28.63 billion, a P/E ratio of 11.47, a PEG ratio of 2.01 and a beta of 1.19. The business's fifty day moving average price is $21.97 and its 200 day moving average price is $20.57.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were issued a $0.13 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.39%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 27.37%.

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.