Hewlett Packard Enterprise Co (HPE) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its holdings in Hewlett Packard Enterprise Co (NYSE:HPE) by 9.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 157,687 shares of the technology company’s stock after selling 17,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Hewlett Packard Enterprise were worth $2,572,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HPE. Personal Resources Investment & Strategic Management Inc. grew its holdings in shares of Hewlett Packard Enterprise by 5.2% during the 3rd quarter. Personal Resources Investment & Strategic Management Inc. now owns 80,005 shares of the technology company’s stock worth $1,267,000 after purchasing an additional 3,932 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in shares of Hewlett Packard Enterprise by 5.3% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 80,000 shares of the technology company’s stock worth $1,305,000 after purchasing an additional 4,000 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Hewlett Packard Enterprise by 31.6% during the 3rd quarter. MML Investors Services LLC now owns 16,662 shares of the technology company’s stock worth $272,000 after purchasing an additional 4,004 shares in the last quarter. Dupont Capital Management Corp grew its holdings in shares of Hewlett Packard Enterprise by 44.0% during the 2nd quarter. Dupont Capital Management Corp now owns 14,469 shares of the technology company’s stock worth $211,000 after purchasing an additional 4,419 shares in the last quarter. Finally, Brown Advisory Inc. grew its holdings in shares of Hewlett Packard Enterprise by 32.8% during the 2nd quarter. Brown Advisory Inc. now owns 18,217 shares of the technology company’s stock worth $266,000 after purchasing an additional 4,502 shares in the last quarter. 80.27% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise stock opened at $14.54 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.00 and a debt-to-equity ratio of 0.42. The company has a market cap of $21.63 billion, a P/E ratio of 15.15, a P/E/G ratio of 0.84 and a beta of 1.61. Hewlett Packard Enterprise Co has a one year low of $13.15 and a one year high of $19.48.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Tuesday, August 28th. The technology company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.07. The business had revenue of $7.76 billion during the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 9.38% and a net margin of 10.43%. Hewlett Packard Enterprise’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company earned $0.30 EPS. On average, equities research analysts forecast that Hewlett Packard Enterprise Co will post 1.53 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Wednesday, December 12th will be given a dividend of $0.1125 per share. The ex-dividend date is Tuesday, December 11th. This represents a $0.45 annualized dividend and a dividend yield of 3.09%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 46.88%.

In other Hewlett Packard Enterprise news, CFO Timothy C. Stonesifer sold 479,142 shares of Hewlett Packard Enterprise stock in a transaction on Friday, September 14th. The stock was sold at an average price of $16.57, for a total value of $7,939,382.94. Following the completion of the transaction, the chief financial officer now owns 637,868 shares in the company, valued at approximately $10,569,472.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Antonio F. Neri sold 82,893 shares of Hewlett Packard Enterprise stock in a transaction on Friday, September 21st. The shares were sold at an average price of $17.00, for a total value of $1,409,181.00. Following the completion of the transaction, the insider now owns 87,828 shares of the company’s stock, valued at approximately $1,493,076. The disclosure for this sale can be found here. Insiders have sold a total of 664,319 shares of company stock valued at $10,978,971 in the last 90 days. 1.18% of the stock is owned by corporate insiders.

HPE has been the topic of several recent research reports. Oppenheimer set a $18.00 price objective on Hewlett Packard Enterprise and gave the stock a “buy” rating in a report on Thursday, October 25th. Raymond James decreased their price objective on Hewlett Packard Enterprise from $24.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday, August 29th. Sanford C. Bernstein lowered Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $20.00 to $18.00 in a report on Tuesday, August 21st. Maxim Group restated a “hold” rating and set a $18.00 target price on shares of Hewlett Packard Enterprise in a research report on Wednesday, August 29th. Finally, Deutsche Bank raised their target price on Hewlett Packard Enterprise from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, August 29th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. Hewlett Packard Enterprise has an average rating of “Hold” and an average target price of $18.43.

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Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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