California State Teachers Retirement System Increases Holdings in Hewlett Packard Enterprise (NYSE:HPE)

California State Teachers Retirement System grew its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 3.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,165,713 shares of the technology company’s stock after purchasing an additional 63,020 shares during the period. California State Teachers Retirement System owned approximately 0.17% of Hewlett Packard Enterprise worth $38,398,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock valued at $2,869,655,000 after buying an additional 5,777,901 shares during the period. Epoch Investment Partners Inc. purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at $51,384,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Hewlett Packard Enterprise in the first quarter valued at $51,938,000. Norges Bank purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at $48,291,000. Finally, Natixis grew its position in shares of Hewlett Packard Enterprise by 10,345.0% in the first quarter. Natixis now owns 1,789,965 shares of the technology company’s stock valued at $31,736,000 after purchasing an additional 1,772,828 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock traded up $0.90 during trading hours on Wednesday, reaching $19.91. 11,998,975 shares of the company were exchanged, compared to its average volume of 15,537,251. The firm has a market cap of $25.88 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 2.80 and a beta of 1.19. The company has a current ratio of 0.90, a quick ratio of 0.59 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average of $20.24 and a 200 day moving average of $17.91. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. The company had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $6.82 billion. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. Hewlett Packard Enterprise’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 earnings per share. As a group, research analysts anticipate that Hewlett Packard Enterprise will post 1.59 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Wednesday, June 19th were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.61%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.96%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Gerri Gold sold 22,784 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $21.67, for a total transaction of $493,729.28. Following the transaction, the chief executive officer now owns 57,081 shares in the company, valued at $1,236,945.27. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $19.51, for a total transaction of $975,500.00. Following the transaction, the director now owns 150,948 shares of the company’s stock, valued at approximately $2,944,995.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gerri Gold sold 22,784 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $21.67, for a total value of $493,729.28. Following the transaction, the chief executive officer now owns 57,081 shares of the company’s stock, valued at $1,236,945.27. The disclosure for this sale can be found here. Insiders have sold a total of 140,141 shares of company stock worth $2,850,108 over the last 90 days. Insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

HPE has been the topic of a number of recent research reports. StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Morgan Stanley reissued an “equal weight” rating and issued a $21.00 price objective on shares of Hewlett Packard Enterprise in a report on Thursday, June 20th. Stifel Nicolaus boosted their price objective on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. Barclays boosted their price objective on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. Finally, Argus raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Friday, June 7th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $21.08.

Hewlett Packard Enterprise 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.