Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems reduced its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 89,312 shares of the technology company’s stock after selling 1,230 shares during the quarter. Kentucky Retirement Systems’ holdings in Hewlett Packard Enterprise were worth $1,907,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in HPE. RPg Family Wealth Advisory LLC acquired a new position in shares of Hewlett Packard Enterprise during the 3rd quarter worth about $25,000. Valley Wealth Managers Inc. acquired a new position in shares of Hewlett Packard Enterprise during the 3rd quarter worth about $26,000. Hara Capital LLC acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth about $28,000. Financial Management Professionals Inc. boosted its position in shares of Hewlett Packard Enterprise by 80.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after acquiring an additional 637 shares in the last quarter. Finally, Tandem Financial LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $32,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hewlett Packard Enterprise

In other news, EVP John F. Schultz sold 262,818 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the completion of the transaction, the executive vice president now directly owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. This represents a 49.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Jeremy Cox sold 7,771 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $23.00, for a total value of $178,733.00. Following the transaction, the senior vice president now directly owns 61,735 shares of the company’s stock, valued at approximately $1,419,905. This trade represents a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 332,166 shares of company stock valued at $7,300,629. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HPE. Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their target price for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Thursday, December 19th. StockNews.com cut Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Loop Capital upped their target price on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Finally, Stifel Nicolaus upped their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Six equities research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $21.17 on Friday. The company has a market cap of $27.80 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. The stock has a 50 day simple moving average of $21.95 and a 200-day simple moving average of $20.61. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 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.