California State Teachers Retirement System trimmed its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 10.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,164,275 shares of the technology company’s stock after selling 382,554 shares during the quarter. California State Teachers Retirement System owned 0.19% of Hewlett Packard Enterprise worth $52,496,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. YorkBridge Wealth Partners LLC grew its holdings in Hewlett Packard Enterprise by 3.2% in 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 in the last quarter. Whittier Trust Co. of Nevada Inc. lifted 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 acquiring an additional 266 shares during the period. Harfst & Associates Inc. bought a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at $127,000. State of Alaska Department of Revenue lifted its position in shares of Hewlett Packard Enterprise by 55.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 8,224 shares of the technology company’s stock valued at $136,000 after acquiring an additional 2,920 shares during the period. Finally, D.A. Davidson & CO. lifted its position in shares of Hewlett Packard Enterprise by 13.2% during the 2nd quarter. D.A. Davidson & CO. now owns 8,300 shares of the technology company’s stock valued at $137,000 after acquiring an additional 966 shares during the period. 81.33% of the stock is currently owned by hedge funds and other institutional investors.

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HPE has been the subject of a number of recent analyst reports. Royal Bank Of Canada reiterated a “hold” rating and set a $15.00 target price on shares of Hewlett Packard Enterprise in a research report on Wednesday. BidaskClub downgraded Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Morgan Stanley reiterated an “equal weight” rating and set a $18.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, August 18th. Sanford C. Bernstein restated an “outperform” rating and set a $18.00 price objective on shares of Hewlett Packard Enterprise in a research report on Tuesday. Finally, Deutsche Bank AG dropped their price objective on Hewlett Packard Enterprise from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, September 6th. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $18.51.

In related news, CEO Margaret C. Whitman sold 389,651 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $17.47, for a total value of $6,807,202.97. Following the transaction, the chief executive officer now directly owns 1,157,250 shares of the company’s stock, valued at approximately $20,217,157.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher P. Hsu sold 15,333 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $17.67, for a total value of $270,934.11. Following the completion of the transaction, the executive vice president now directly owns 15,333 shares in the company, valued at $270,934.11. The disclosure for this sale can be found here. Insiders sold a total of 4,060,518 shares of company stock worth $63,031,467 in the last 90 days. 0.87% of the stock is currently owned by company insiders.

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) traded up 0.07% on Wednesday, reaching $14.97. The company’s stock had a trading volume of 1,676,897 shares. The company has a market cap of $24.24 billion, a P/E ratio of 11.43 and a beta of 2.71. The company’s 50 day moving average price is $14.07 and its 200 day moving average price is $13.83. Hewlett Packard Enterprise Company has a 12-month low of $12.97 and a 12-month high of $19.16.

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

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

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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