Oregon Public Employees Retirement Fund grew its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE – Free Report) by 32.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 150,003 shares of the technology company’s stock after acquiring an additional 36,526 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Hewlett Packard Enterprise were worth $3,684,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the stock. Headlands Technologies LLC bought a new position in Hewlett Packard Enterprise during the second quarter valued at $26,000. CVA Family Office LLC grew its stake in shares of Hewlett Packard Enterprise by 126.7% during the 2nd quarter. CVA Family Office LLC now owns 1,437 shares of the technology company’s stock worth $29,000 after acquiring an additional 803 shares during the period. Caldwell Trust Co increased its holdings in Hewlett Packard Enterprise by 64.4% in the 3rd quarter. Caldwell Trust Co now owns 1,526 shares of the technology company’s stock worth $37,000 after acquiring an additional 598 shares during the last quarter. Hantz Financial Services Inc. raised its stake in Hewlett Packard Enterprise by 74.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,611 shares of the technology company’s stock valued at $33,000 after acquiring an additional 687 shares during the period. Finally, Corsicana & Co. purchased a new stake in Hewlett Packard Enterprise during the third quarter valued at about $41,000. Institutional investors own 80.78% of the company’s stock.
Hewlett Packard Enterprise Trading Up 0.6%
Shares of HPE stock opened at $22.16 on Monday. The company has a market capitalization of $29.57 billion, a PE ratio of -369.21, a price-to-earnings-growth ratio of 0.61 and a beta of 1.32. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $26.44. The business’s fifty day moving average is $23.14 and its 200 day moving average is $22.76. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.01.
Hewlett Packard Enterprise Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, December 19th will be given a dividend of $0.1425 per share. The ex-dividend date is Friday, December 19th. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. This represents a $0.57 annualized dividend and a yield of 2.6%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently -950.00%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on HPE shares. Zacks Research upgraded shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Morgan Stanley reissued an “equal weight” rating and set a $25.00 target price (down previously from $28.00) on shares of Hewlett Packard Enterprise in a report on Monday, November 17th. Argus raised their price target on Hewlett Packard Enterprise from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Citigroup boosted their price objective on Hewlett Packard Enterprise from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Finally, The Goldman Sachs Group increased their price objective on Hewlett Packard Enterprise from $27.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $25.53.
Insiders Place Their Bets
In other news, EVP Fidelma Russo sold 126,512 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $24.61, for a total value of $3,113,460.32. Following the transaction, the executive vice president owned 51,002 shares of the company’s stock, valued at $1,255,159.22. This represents a 71.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John F. Schultz sold 148,501 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $24.99, for a total transaction of $3,711,039.99. Following the sale, the executive vice president directly owned 248,091 shares of the company’s stock, valued at $6,199,794.09. This represents a 37.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 585,537 shares of company stock worth $14,255,864. 0.36% of the stock is owned by corporate insiders.
Hewlett Packard Enterprise Profile
Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.
A major focus for HPE is hybrid cloud and consumption-based IT.
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