State of Alaska Department of Revenue Sells 104,851 Shares of Hewlett Packard Enterprise (NYSE:HPE)

State of Alaska Department of Revenue reduced its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 27.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 273,058 shares of the technology company’s stock after selling 104,851 shares during the quarter. State of Alaska Department of Revenue’s holdings in Hewlett Packard Enterprise were worth $5,829,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of Hewlett Packard Enterprise by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company’s stock worth $642,748,000 after purchasing an additional 251,076 shares during the last quarter. Pacer Advisors Inc. increased its position in Hewlett Packard Enterprise by 18.1% during the third quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock worth $560,274,000 after buying an additional 4,194,213 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Hewlett Packard Enterprise by 6.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,696,449 shares of the technology company’s stock valued at $321,149,000 after buying an additional 921,624 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Hewlett Packard Enterprise by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,609,078 shares of the technology company’s stock valued at $196,602,000 after buying an additional 129,463 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Hewlett Packard Enterprise by 35.1% during the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock worth $155,142,000 after acquiring an additional 1,885,559 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on HPE. Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price target for the company from $23.00 to $26.00 in a report on Friday, December 6th. StockNews.com cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Barclays raised their price objective on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Insider Activity

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,771 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $23.00, for a total transaction of $178,733.00. Following the completion of the transaction, the senior vice president now owns 61,735 shares of the company’s stock, valued at approximately $1,419,905. The trade was a 11.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the sale, the executive vice president now directly owns 270,430 shares in the company, valued at $5,846,696.60. This trade represents a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 332,166 shares of company stock worth $7,300,629. 0.40% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Stock Performance

HPE opened at $21.27 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $24.66. The firm has a market cap of $27.97 billion, a P/E ratio of 11.19, a price-to-earnings-growth ratio of 1.97 and a beta of 1.19. The business’s fifty day moving average is $22.06 and its 200-day moving average is $20.45.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.45%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is currently 27.37%.

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.