State of New Jersey Common Pension Fund D Cuts Stake in Hewlett Packard Enterprise (NYSE:HPE)

State of New Jersey Common Pension Fund D decreased its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 1.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 473,000 shares of the technology company’s stock after selling 6,928 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Hewlett Packard Enterprise were worth $10,099,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new position in Hewlett Packard Enterprise in the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the third quarter worth approximately $26,000. Financial Management Professionals Inc. grew its position in shares of Hewlett Packard Enterprise by 80.3% during the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after buying an additional 637 shares in the last quarter. Tandem Financial LLC acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $32,000. Finally, R Squared Ltd acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $45,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $23.00 to $28.00 in a research report on Thursday, December 5th. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and raised their target price for the company from $23.00 to $29.00 in a research note on Monday, November 18th. StockNews.com cut Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Barclays lifted their price objective on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Loop Capital lifted their price objective on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Hewlett Packard Enterprise Trading Up 0.3 %

Shares of HPE opened at $21.77 on Wednesday. The business’s 50-day moving average price is $21.97 and its 200 day moving average price is $20.54. The stock has a market capitalization of $28.63 billion, a P/E ratio of 11.46, a P/E/G ratio of 1.98 and a beta of 1.19. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year 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 business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a yield of 2.39%. Hewlett Packard Enterprise’s dividend payout ratio is currently 27.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction dated 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 transaction, the executive vice president now owns 270,430 shares of the company’s stock, valued at $5,846,696.60. The trade was a 49.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $23.47, for a total value of $1,173,500.00. Following the sale, the director now owns 104,192 shares of the company’s stock, valued at approximately $2,445,386.24. This represents a 32.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 332,166 shares of company stock valued at $7,300,629 in the last 90 days. 0.40% of the stock is currently owned by corporate insiders.

About Hewlett Packard Enterprise

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.