Retirement Systems of Alabama Boosts Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Retirement Systems of Alabama lifted its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 16.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,887,662 shares of the technology company's stock after acquiring an additional 673,801 shares during the quarter. Retirement Systems of Alabama owned 0.38% of Hewlett Packard Enterprise worth $100,002,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Moloney Securities Asset Management LLC purchased a new position in shares of Hewlett Packard Enterprise in the 3rd quarter worth $861,000. CHICAGO TRUST Co NA grew its stake in shares of Hewlett Packard Enterprise by 67.8% during the 3rd quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company's stock valued at $1,858,000 after purchasing an additional 36,704 shares during the period. National Pension Service increased its position in shares of Hewlett Packard Enterprise by 17.3% during the 3rd quarter. National Pension Service now owns 3,202,752 shares of the technology company's stock valued at $65,528,000 after purchasing an additional 472,885 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of Hewlett Packard Enterprise by 110.8% in the 3rd quarter. HighTower Advisors LLC now owns 299,743 shares of the technology company's stock worth $6,102,000 after purchasing an additional 157,561 shares during the period. Finally, Eagle Asset Management Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 3,537.0% in the third quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company's stock worth $127,571,000 after buying an additional 5,629,006 shares during the last quarter. Institutional investors own 80.78% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on HPE shares. UBS Group increased their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a "neutral" rating in a research report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft began coverage on Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They set a "hold" rating and a $22.00 target price on the stock. Raymond James raised Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and lifted their price objective for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Stifel Nicolaus increased their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Finally, StockNews.com upgraded shares of 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 issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of "Moderate Buy" and a consensus target price of $23.79.

Insider Activity

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of the firm's stock in a transaction dated 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 completion of the sale, the executive vice president now owns 270,430 shares of the company's stock, valued at $5,846,696.60. This trade represents a 49.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Antonio F. Neri sold 83,334 shares of the company's stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total value of $1,643,346.48. Following the transaction, the chief executive officer now directly owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 717,601 shares of company stock valued at $15,140,976 in the last ninety days. Insiders own 0.40% of the company's stock.

Hewlett Packard Enterprise Stock Performance

HPE remained flat at $21.83 during trading hours on Friday. 10,278,475 shares of the company traded hands, compared to its average volume of 15,267,709. The firm has a market cap of $28.34 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 2.64 and a beta of 1.21. The firm has a 50 day moving average of $21.05 and a 200-day moving average of $20.00. 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 has a 12 month low of $14.47 and a 12 month high of $24.24.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Friday, December 20th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a yield of 2.38%. 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.