California Public Employees Retirement System Sells 11,924 Shares of Hewlett Packard Enterprise Company (HPE)

California Public Employees Retirement System cut its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 0.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,363,440 shares of the technology company’s stock after selling 11,924 shares during the period. California Public Employees Retirement System owned 0.27% of Hewlett Packard Enterprise worth $64,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. WFG Advisors LP raised its holdings in shares of Hewlett Packard Enterprise by 15.3% in the second quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock worth $100,000 after buying an additional 801 shares during the period. Archford Capital Strategies LLC raised its holdings in shares of Hewlett Packard Enterprise by 6,858.7% in the second quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock worth $101,000 after buying an additional 7,476 shares during the period. YorkBridge Wealth Partners LLC raised its holdings in shares of Hewlett Packard Enterprise by 3.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock worth $108,000 after buying an additional 200 shares during the period. Harfst & Associates Inc. raised its holdings in shares of Hewlett Packard Enterprise by 42.5% in the second quarter. Harfst & Associates Inc. now owns 7,667 shares of the technology company’s stock worth $127,000 after buying an additional 2,287 shares during the period. Finally, D.A. Davidson & CO. raised its holdings in shares of Hewlett Packard Enterprise by 13.2% in the second quarter. D.A. Davidson & CO. now owns 8,300 shares of the technology company’s stock worth $137,000 after buying an additional 966 shares during the period. Institutional investors and hedge funds own 83.46% of the company’s stock.

Hewlett Packard Enterprise Company (NYSE HPE) traded down $0.18 during trading on Thursday, hitting $14.32. The stock had a trading volume of 8,640,700 shares, compared to its average volume of 12,194,439. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.13 and a quick ratio of 1.01. The firm has a market cap of $23,130.00 and a PE ratio of 11.16. Hewlett Packard Enterprise Company has a 52-week low of $12.81 and a 52-week high of $24.88.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, November 21st. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.03. The company had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.78 billion. Hewlett Packard Enterprise had a return on equity of 7.70% and a net margin of 0.93%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. equities research analysts forecast that Hewlett Packard Enterprise Company will post 1.19 EPS for the current year.

Hewlett Packard Enterprise declared that its Board of Directors has authorized a stock buyback plan on Wednesday, October 18th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the technology company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be paid a dividend of $0.075 per share. The ex-dividend date is Tuesday, December 12th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.09%. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 96.30%.

In other Hewlett Packard Enterprise news, SVP Jeff T. Ricci sold 87,324 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $13.43, for a total transaction of $1,172,761.32. Following the completion of the transaction, the senior vice president now owns 24,846 shares in the company, valued at approximately $333,681.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Margaret C. Whitman sold 1,494,094 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $14.27, for a total value of $21,320,721.38. Following the transaction, the chief executive officer now owns 1,514,639 shares of the company’s stock, valued at approximately $21,613,898.53. The disclosure for this sale can be found here. Insiders have sold a total of 2,730,277 shares of company stock valued at $38,849,235 in the last quarter. Company insiders own 0.87% of the company’s stock.

HPE has been the topic of several recent analyst reports. Morgan Stanley reiterated an “equal weight” rating and issued a $18.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, August 18th. Loop Capital initiated coverage on Hewlett Packard Enterprise in a report on Tuesday, August 22nd. They set a “hold” rating and a $17.00 price objective on the stock. Barclays raised their price objective on Hewlett Packard Enterprise from $17.00 to $18.00 and gave the stock an “underweight” rating in a report on Friday, September 1st. Oppenheimer restated a “buy” rating and set a $17.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, September 1st. Finally, ValuEngine upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $16.04.

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Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

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

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