Employees Retirement System of Texas trimmed its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 443,000 shares of the technology company’s stock after selling 3,000 shares during the quarter. Employees Retirement System of Texas’ holdings in Hewlett Packard Enterprise were worth $7,349,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Guardian Life Insurance Co. of America increased its holdings in shares of Hewlett Packard Enterprise by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 6,427 shares of the technology company’s stock worth $152,000 after buying an additional 43 shares during the last quarter. YorkBridge Wealth Partners LLC raised its position in shares of Hewlett Packard Enterprise by 3.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock valued at $108,000 after buying an additional 200 shares during the period. Cleararc Capital Inc. raised its position in shares of Hewlett Packard Enterprise by 0.5% during the 1st quarter. Cleararc Capital Inc. now owns 40,716 shares of the technology company’s stock valued at $965,000 after buying an additional 221 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in shares of Hewlett Packard Enterprise by 4.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock valued at $111,000 after buying an additional 266 shares during the period. Finally, Budros Ruhlin & Roe Inc. raised its position in shares of Hewlett Packard Enterprise by 1.4% during the 2nd quarter. Budros Ruhlin & Roe Inc. now owns 24,657 shares of the technology company’s stock valued at $409,000 after buying an additional 352 shares during the period. Institutional investors own 81.34% of the company’s stock.

In related news, EVP Christopher P. Hsu sold 15,333 shares of the firm’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $17.67, for a total transaction of $270,934.11. Following the sale, the executive vice president now directly owns 15,333 shares in the company, valued at approximately $270,934.11. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Margaret C. Whitman sold 194,844 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $16.73, for a total value of $3,259,740.12. Following the sale, the chief executive officer now owns 865,021 shares in the company, valued at $14,471,801.33. The disclosure for this sale can be found here. Insiders sold 4,255,362 shares of company stock valued at $66,291,207 in the last ninety days. Company insiders own 0.87% of the company’s stock.

HPE has been the subject of several analyst reports. Barclays PLC reiterated a “sell” rating and issued a $14.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, September 8th. CIBC reduced their target price on Hewlett Packard Enterprise from $27.00 to $21.00 and set a “buy” rating on the stock in a research report on Tuesday, July 4th. BidaskClub downgraded Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Maxim Group restated a “hold” rating and issued a $18.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, July 14th. Finally, Loop Capital began coverage on Hewlett Packard Enterprise in a research note on Tuesday, August 22nd. They issued a “hold” rating and a $17.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $18.79.

Shares of Hewlett Packard Enterprise Company (HPE) traded down 0.6460% on Tuesday, reaching $14.8733. 924,198 shares of the company were exchanged. Hewlett Packard Enterprise Company has a 1-year low of $12.26 and a 1-year high of $15.12. The stock has a market capitalization of $24.09 billion, a PE ratio of 206.5736 and a beta of 2.72. The company has a 50-day moving average price of $13.85 and a 200 day moving average price of $13.76.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, September 5th. The technology company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. The company had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.49 billion. During the same period last year, the company posted $0.49 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. On average, analysts forecast that Hewlett Packard Enterprise Company will post $1.40 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be given a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Tuesday, September 12th. Hewlett Packard Enterprise’s payout ratio is 371.48%.

WARNING: This article was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another site, it was illegally copied and reposted in violation of US and international copyright legislation. The correct version of this article can be read at https://www.thecerbatgem.com/2017/10/03/hewlett-packard-enterprise-company-hpe-holdings-trimmed-by-employees-retirement-system-of-texas.html.

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).

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

Receive News & Stock Ratings for Hewlett Packard Enterprise Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise Company and related stocks with our FREE daily email newsletter.