California State Teachers Retirement System Cuts Stake in Hewlett Packard Enterprise (NYSE:HPE)

California State Teachers Retirement System lessened its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,104,832 shares of the technology company’s stock after selling 82,457 shares during the period. California State Teachers Retirement System’s holdings in Hewlett Packard Enterprise were worth $44,938,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of HPE. Raymond James Financial Inc. purchased a new position in Hewlett Packard Enterprise in the fourth quarter worth approximately $292,959,000. Norges Bank purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at $119,067,000. Slate Path Capital LP raised its stake in Hewlett Packard Enterprise by 44.8% in the fourth quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company’s stock valued at $270,914,000 after buying an additional 3,924,039 shares in the last quarter. Northern Trust Corp lifted its holdings in Hewlett Packard Enterprise by 24.7% during the 4th quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company’s stock worth $345,534,000 after buying an additional 3,208,424 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC lifted its holdings in Hewlett Packard Enterprise by 1,382.5% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 3,299,615 shares of the technology company’s stock worth $70,447,000 after buying an additional 3,077,046 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HPE shares. Wells Fargo & Company decreased their target price on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a research note on Friday, March 7th. Loop Capital cut their price objective on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, March 10th. Daiwa Capital Markets cut shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 target price for the company. in a report on Wednesday, March 12th. Daiwa America downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Finally, Wall Street Zen lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $21.13.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

HPE stock opened at $17.94 on Wednesday. The firm has a 50 day moving average of $15.92 and a two-hundred day moving average of $19.23. Hewlett Packard Enterprise has a 12 month low of $11.97 and a 12 month high of $24.66. The company has a market capitalization of $23.57 billion, a price-to-earnings ratio of 9.44, a P/E/G ratio of 2.03 and a beta of 1.29. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were paid a $0.13 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 2.90%. Hewlett Packard Enterprise’s payout ratio is presently 25.37%.

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.