California State Teachers Retirement System decreased its stake in Hewlett Packard Enterprise (NYSE:HPE – Get Rating) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,206,522 shares of the technology company’s stock after selling 21,768 shares during the period. California State Teachers Retirement System’s holdings in Hewlett Packard Enterprise were worth $26,434,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Hewlett Packard Enterprise by 3.2% in the third quarter. BlackRock Inc. now owns 129,262,655 shares of the technology company’s stock valued at $1,548,566,000 after buying an additional 4,029,860 shares in the last quarter. Cowa LLC raised its position in Hewlett Packard Enterprise by 14,778.9% during the first quarter. Cowa LLC now owns 2,594,739 shares of the technology company’s stock valued at $434,000 after purchasing an additional 2,577,300 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Hewlett Packard Enterprise by 1,117.5% during the third quarter. Assenagon Asset Management S.A. now owns 2,346,092 shares of the technology company’s stock valued at $28,106,000 after purchasing an additional 2,153,397 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in Hewlett Packard Enterprise by 20.9% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 12,362,348 shares of the technology company’s stock worth $148,101,000 after purchasing an additional 2,134,643 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Hewlett Packard Enterprise by 2.9% in the 1st quarter. State Street Corp now owns 70,328,694 shares of the technology company’s stock valued at $1,183,418,000 after acquiring an additional 1,959,250 shares during the last quarter. Institutional investors own 81.36% of the company’s stock.
Insider Buying and Selling at Hewlett Packard Enterprise
In other news, EVP Thomas E. Black, Jr. sold 34,088 shares of the firm’s stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $15.05, for a total value of $513,024.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Thomas E. Black, Jr. sold 34,088 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $15.05, for a total transaction of $513,024.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jean M. Hobby sold 10,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, March 6th. The shares were sold at an average price of $15.28, for a total transaction of $152,800.00. Following the completion of the sale, the director now directly owns 46,161 shares of the company’s stock, valued at approximately $705,340.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 799,621 shares of company stock valued at $12,178,761. Corporate insiders own 0.53% of the company’s stock.
Hewlett Packard Enterprise Stock Down 1.5 %
Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last issued its quarterly earnings results on Thursday, March 2nd. The technology company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.11. The firm had revenue of $7.81 billion for the quarter, compared to analyst estimates of $7.40 billion. Hewlett Packard Enterprise had a return on equity of 4.22% and a net margin of 2.92%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 earnings per share. Equities research analysts predict that Hewlett Packard Enterprise will post 1.3 earnings per share for the current year.
Hewlett Packard Enterprise Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 17th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Thursday, March 16th. Hewlett Packard Enterprise’s payout ratio is 73.85%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on HPE. Barclays cut Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $18.00 target price for the company. in a report on Tuesday, January 10th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Hewlett Packard Enterprise from $15.00 to $16.00 in a research note on Wednesday, November 30th. Morgan Stanley boosted their price objective on shares of Hewlett Packard Enterprise from $13.00 to $14.00 and gave the stock an “underweight” rating in a research note on Friday, March 3rd. JPMorgan Chase & Co. raised their target price on Hewlett Packard Enterprise from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 20th. Finally, Credit Suisse Group upped their price target on Hewlett Packard Enterprise to $19.00 in a research report on Friday, December 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $16.92.
Hewlett Packard Enterprise Profile
Hewlett Packard Enterprise Co is a global edge-to-cloud company, which engages in the provision of information technology, technology and enterprise products, solutions, and services. It operates through the following segments: Compute, High Performance Computing & Artificial Intelligence (HPC & AI), Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.
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