Retirement Systems of Alabama Lowers Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Retirement Systems of Alabama lowered its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 11.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,305,251 shares of the technology company's stock after selling 582,411 shares during the quarter. Retirement Systems of Alabama owned about 0.33% of Hewlett Packard Enterprise worth $91,917,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HPE. Northwestern Mutual Wealth Management Co. lifted its position in Hewlett Packard Enterprise by 11.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 19,497 shares of the technology company's stock valued at $413,000 after buying an additional 1,992 shares during the period. Cetera Investment Advisers lifted its position in Hewlett Packard Enterprise by 30.2% during the second quarter. Cetera Investment Advisers now owns 157,793 shares of the technology company's stock valued at $3,341,000 after buying an additional 36,589 shares during the period. Park Avenue Securities LLC lifted its position in Hewlett Packard Enterprise by 24.6% during the third quarter. Park Avenue Securities LLC now owns 30,484 shares of the technology company's stock valued at $624,000 after buying an additional 6,023 shares during the period. Czech National Bank lifted its position in Hewlett Packard Enterprise by 6.8% during the third quarter. Czech National Bank now owns 264,757 shares of the technology company's stock valued at $5,417,000 after buying an additional 16,971 shares during the period. Finally, GAMMA Investing LLC lifted its position in Hewlett Packard Enterprise by 82.2% during the third quarter. GAMMA Investing LLC now owns 9,875 shares of the technology company's stock valued at $202,000 after buying an additional 4,454 shares during the period. Hedge funds and other institutional investors own 80.78% of the company's stock.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the completion of the sale, the executive vice president now directly owns 270,430 shares in the company, valued at $5,846,696.60. The trade was a 49.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jeremy Cox sold 7,771 shares of the business's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $23.00, for a total value of $178,733.00. Following the sale, the senior vice president now owns 61,735 shares of the company's stock, valued at approximately $1,419,905. This represents a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 332,166 shares of company stock worth $7,300,629 in the last three months. 0.40% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Stock Performance

NYSE HPE traded down $0.10 during trading hours on Friday, hitting $21.27. The company's stock had a trading volume of 10,204,939 shares, compared to its average volume of 15,869,325. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $24.66. The company's 50 day simple moving average is $22.06 and its two-hundred day simple moving average is $20.46. The company has a market cap of $27.97 billion, a P/E ratio of 11.19, a price-to-earnings-growth ratio of 1.98 and a beta of 1.19. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were issued a $0.13 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.52 annualized dividend and a yield of 2.45%. Hewlett Packard Enterprise's payout ratio is 27.37%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Loop Capital raised their price objective on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a "hold" rating in a research report on Monday, December 9th. Susquehanna restated a "neutral" rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Morgan Stanley upgraded Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $23.00 to $28.00 in a report on Thursday, December 5th. Citigroup upgraded Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and raised their price target for the company from $23.00 to $26.00 in a report on Friday, December 6th. Finally, Barclays raised their price target on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of "Moderate Buy" and an average target price of $24.00.

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.