Hewlett Packard Enterprise Company (NYSE:HPE) Position Boosted by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 243.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,166,210 shares of the technology company’s stock after buying an additional 2,245,227 shares during the period. Teacher Retirement System of Texas’ holdings in Hewlett Packard Enterprise were worth $52,527,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. BlackRock Inc. raised its position in shares of Hewlett Packard Enterprise by 2,713.7% in the first quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock valued at $2,356,975,000 after buying an additional 95,915,907 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in shares of Hewlett Packard Enterprise by 35.7% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 50,742,312 shares of the technology company’s stock valued at $1,202,593,000 after buying an additional 13,343,212 shares during the period. Primecap Management Co. CA raised its position in shares of Hewlett Packard Enterprise by 9.6% in the first quarter. Primecap Management Co. CA now owns 61,397,295 shares of the technology company’s stock valued at $1,455,116,000 after buying an additional 5,394,147 shares during the period. Jana Partners LLC acquired a new position in shares of Hewlett Packard Enterprise during the first quarter valued at about $105,276,000. Finally, Vanguard Group Inc. raised its position in shares of Hewlett Packard Enterprise by 3.9% in the first quarter. Vanguard Group Inc. now owns 109,348,198 shares of the technology company’s stock valued at $2,591,553,000 after buying an additional 4,103,276 shares during the period. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Hewlett Packard Enterprise Company (NYSE HPE) opened at 17.12 on Friday. Hewlett Packard Enterprise Company has a one year low of $15.46 and a one year high of $19.16. The company’s 50-day moving average price is $17.20 and its 200 day moving average price is $17.61. The company has a market cap of $28.12 billion, a P/E ratio of 12.98 and a beta of 2.74.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Wednesday, May 31st. The technology company reported $0.35 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.35. The business had revenue of $9.90 billion during the quarter, compared to analysts’ expectations of $9.75 billion. Hewlett Packard Enterprise had a return on equity of 9.80% and a net margin of 4.85%. The firm’s quarterly revenue was down 22.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 earnings per share. On average, equities research analysts anticipate that Hewlett Packard Enterprise Company will post $1.45 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be paid a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Tuesday, September 12th. Hewlett Packard Enterprise’s payout ratio is 20.16%.

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Several equities analysts have issued reports on HPE shares. BidaskClub lowered Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Barclays PLC dropped their price target on Hewlett Packard Enterprise from $21.00 to $18.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 10th. Jefferies Group LLC reissued a “buy” rating and issued a $22.00 price target on shares of Hewlett Packard Enterprise in a research note on Saturday, July 22nd. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $21.00 price target on shares of Hewlett Packard Enterprise in a research note on Monday, June 5th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.87.

In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 132,192 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $16.71, for a total transaction of $2,208,928.32. Following the completion of the transaction, the chief executive officer now owns 865,021 shares in the company, valued at $14,454,500.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Margaret C. Whitman sold 251,268 shares of Hewlett Packard Enterprise stock in a transaction on Friday, August 4th. The shares were sold at an average price of $17.40, for a total value of $4,372,063.20. Following the transaction, the chief executive officer now owns 865,021 shares of the company’s stock, valued at approximately $15,051,365.40. The disclosure for this sale can be found here. Insiders have sold 1,612,328 shares of company stock valued at $28,048,424 in the last quarter. 0.87% of the stock is owned by company insiders.

About Hewlett Packard Enterprise

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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