Retirement Systems of Alabama Increases Stake in Hewlett Packard Enterprise (NYSE:HPE)

Retirement Systems of Alabama grew its stake in Hewlett Packard Enterprise (NYSE:HPE) by 16.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 4,887,662 shares of the technology company’s stock after buying an additional 673,801 shares during the quarter. Retirement Systems of Alabama’s holdings in Hewlett Packard Enterprise were worth $100,002,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its holdings in Hewlett Packard Enterprise by 20.1% during the second quarter. Sequoia Financial Advisors LLC now owns 19,331 shares of the technology company’s stock worth $409,000 after buying an additional 3,230 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Hewlett Packard Enterprise by 4.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 89,948 shares of the technology company’s stock worth $1,904,000 after acquiring an additional 3,634 shares in the last quarter. ORG Partners LLC grew its position in shares of Hewlett Packard Enterprise by 224.5% during the 2nd quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock valued at $39,000 after acquiring an additional 1,282 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at about $350,000. Finally, Fiduciary Financial Group LLC purchased a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at about $288,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Up 0.4 %

NYSE HPE opened at $21.91 on Friday. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $24.24. The stock has a market capitalization of $28.45 billion, a P/E ratio of 11.49, a PEG ratio of 2.64 and a beta of 1.21. The firm’s 50-day moving average is $21.05 and its two-hundred day moving average is $20.00. 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 business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Friday, December 20th will be issued a $0.13 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.52 annualized dividend and a yield of 2.37%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 27.37%.

Wall Street Analyst Weigh In

Several analysts have commented on HPE shares. Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price objective for the company from $23.00 to $26.00 in a report on Friday, December 6th. Bank of America upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their target price for the company from $21.00 to $24.00 in a research report on Tuesday, September 17th. UBS Group boosted their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, September 5th. Loop Capital increased their price objective on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a report on Monday. Finally, Barclays boosted their target price 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. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.79.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $23.47, for a total value of $1,173,500.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP John F. Schultz sold 262,818 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was 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 represents a 49.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 717,601 shares of company stock worth $15,140,976 over the last ninety days. Corporate insiders own 0.40% of the company’s stock.

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.