Public Employees Retirement System of Ohio Purchases 87,411 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Public Employees Retirement System of Ohio lifted its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 15.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 657,948 shares of the technology company's stock after acquiring an additional 87,411 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.05% of Hewlett Packard Enterprise worth $13,462,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Capital Investment Counsel Inc lifted its stake in 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 position in shares of Hewlett Packard Enterprise by 4.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company's stock worth $231,000 after buying an additional 501 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Hewlett Packard Enterprise by 0.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company's stock valued at $2,363,000 after buying an additional 536 shares in the last quarter. Avior Wealth Management LLC grew its position in Hewlett Packard Enterprise by 6.4% in the third quarter. Avior Wealth Management LLC now owns 9,665 shares of the technology company's stock valued at $198,000 after acquiring an additional 579 shares during the period. Finally, Bailard Inc. grew its position in Hewlett Packard Enterprise by 1.7% in the second quarter. Bailard Inc. now owns 35,349 shares of the technology company's stock valued at $748,000 after acquiring an additional 580 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $23.00 to $28.00 in a research note on Thursday, December 5th. Barclays boosted their price target on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. Raymond James raised shares of Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and raised their price objective for the stock from $23.00 to $29.00 in a report on Monday, November 18th. Bank of America raised Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $21.00 to $24.00 in a report on Tuesday, September 17th. Finally, StockNews.com upgraded Hewlett Packard Enterprise from a "buy" rating to a "strong-buy" rating in a research report on Monday. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of "Moderate Buy" and a consensus price target of $23.79.

Insider Activity

In other news, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the transaction, the director now owns 104,192 shares in the company, valued at $2,445,386.24. The trade was a 32.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Antonio F. Neri sold 83,334 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total value of $1,643,346.48. Following the sale, the chief executive officer now directly owns 1,758,641 shares of the company's stock, valued at approximately $34,680,400.52. The trade was a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 483,783 shares of company stock valued at $9,951,850 in the last ninety days. 0.40% of the stock is owned by insiders.

Hewlett Packard Enterprise Stock Performance

HPE stock opened at $21.91 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $24.24. The business's fifty day moving average is $21.00 and its 200-day moving average is $19.98. The company has a market cap of $28.45 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 3.74 and a beta of 1.21.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Friday, December 20th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.37%. Hewlett Packard Enterprise's payout ratio is currently 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.