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

Retirement Systems of Alabama cut its position in Hewlett Packard Enterprise (NYSE:HPE) by 11.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,305,251 shares of the technology company’s stock after selling 582,411 shares during the period. Retirement Systems of Alabama owned approximately 0.33% of Hewlett Packard Enterprise worth $91,917,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of HPE. RPg Family Wealth Advisory LLC acquired a new stake in Hewlett Packard Enterprise during the third quarter worth about $25,000. Valley Wealth Managers Inc. acquired a new stake in Hewlett Packard Enterprise during the third quarter worth about $26,000. Financial Management Professionals Inc. grew its holdings in Hewlett Packard Enterprise by 80.3% during the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after acquiring an additional 637 shares during the period. Rise Advisors LLC grew its holdings in Hewlett Packard Enterprise by 45.5% during the third quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock worth $41,000 after acquiring an additional 625 shares during the period. Finally, R Squared Ltd acquired a new stake in Hewlett Packard Enterprise during the fourth quarter worth about $45,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, December 9th. The stock was sold at an average price of $23.47, for a total value of $1,173,500.00. Following the sale, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction on Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the sale, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at $1,118,145. The trade was a 19.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 332,166 shares of company stock worth $7,300,629 over the last quarter. 0.40% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $20.83 on Wednesday. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.66. The company has a market cap of $27.40 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 1.97 and a beta of 1.19. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The business’s 50 day moving average price is $22.07 and its 200 day moving average price is $20.44.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were given a $0.13 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a yield of 2.50%. Hewlett Packard Enterprise’s dividend payout ratio is currently 27.37%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their target price for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Stifel Nicolaus raised their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, December 6th. Loop Capital raised their target price 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. Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Thursday, December 19th. Finally, Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and raised their target price for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and an average target price of $24.00.

About Hewlett Packard Enterprise

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.