Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System decreased its position in Hewlett Packard Enterprise (NYSE:HPE) by 6.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 69,280 shares of the technology company’s stock after selling 4,850 shares during the period. Maryland State Retirement & Pension System’s holdings in Hewlett Packard Enterprise were worth $1,479,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in HPE. RPg Family Wealth Advisory LLC purchased a new stake in shares of Hewlett Packard Enterprise in the third quarter valued at $25,000. Hara Capital LLC purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at $28,000. Tandem Financial LLC purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at $32,000. R Squared Ltd purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at $45,000. Finally, Quest Partners LLC purchased a new stake in shares of Hewlett Packard Enterprise in the third quarter valued at $50,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $16.09 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. Hewlett Packard Enterprise has a 1 year low of $14.64 and a 1 year high of $24.66. The firm has a market cap of $21.13 billion, a P/E ratio of 8.47, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The stock has a 50-day simple moving average of $20.22 and a 200-day simple moving average of $20.47.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be paid a $0.13 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.23%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 25.37%.

Insider Activity

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the sale, the senior vice president now directly owns 48,615 shares in the company, valued at $1,118,145. The trade was a 19.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on HPE shares. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Daiwa Capital Markets downgraded Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 target price on the stock. in a research report on Wednesday, March 12th. Susquehanna reduced their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Stifel Nicolaus increased their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Daiwa America downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.27.

Hewlett Packard Enterprise Company 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.