TIAA Trust National Association Sells 719 Shares of Hewlett Packard Enterprise (NYSE:HPE)

TIAA Trust National Association trimmed its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 4.8% in the 2nd quarter, Holdings Channel reports. The fund owned 14,179 shares of the technology company’s stock after selling 719 shares during the quarter. TIAA Trust National Association’s holdings in Hewlett Packard Enterprise were worth $300,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Hewlett Packard Enterprise by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock worth $2,869,655,000 after purchasing an additional 5,777,901 shares in the last quarter. Panagora Asset Management Inc. grew its stake in shares of Hewlett Packard Enterprise by 336.7% during the 2nd quarter. Panagora Asset Management Inc. now owns 4,269,603 shares of the technology company’s stock valued at $90,387,000 after purchasing an additional 3,291,880 shares during the period. Epoch Investment Partners Inc. purchased a new stake in Hewlett Packard Enterprise during the fourth quarter valued at approximately $51,384,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Hewlett Packard Enterprise during the 1st quarter worth $51,938,000. Finally, Norges Bank bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at $48,291,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $17.53 on Friday. The firm has a market cap of $22.78 billion, a price-to-earnings ratio of 12.79, a P/E/G ratio of 2.80 and a beta of 1.20. The firm has a fifty day moving average price of $19.38 and a 200 day moving average price of $18.46. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.59 and a current ratio of 0.90.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The business had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. During the same quarter in the prior year, the firm earned $0.35 EPS. The business’s revenue was up 10.1% on a year-over-year basis. As a group, sell-side analysts expect that Hewlett Packard Enterprise will post 1.59 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 19th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Thursday, September 19th. Hewlett Packard Enterprise’s payout ratio is 37.96%.

Insider Transactions at Hewlett Packard Enterprise

In related news, CEO Gerri Gold sold 22,784 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $21.67, for a total value of $493,729.28. Following the completion of the transaction, the chief executive officer now directly owns 57,081 shares of the company’s stock, valued at $1,236,945.27. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Gerri Gold sold 22,784 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $21.67, for a total value of $493,729.28. Following the completion of the transaction, the chief executive officer now owns 57,081 shares in the company, valued at $1,236,945.27. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Kirt P. Karros sold 30,686 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $20.49, for a total value of $628,756.14. The disclosure for this sale can be found here. Insiders have sold 90,141 shares of company stock valued at $1,874,608 in the last ninety days. Corporate insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

HPE has been the topic of a number of recent research reports. Susquehanna reaffirmed a “neutral” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday. Stifel Nicolaus raised their price objective on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Argus upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Friday, June 7th. Finally, Barclays increased their price objective on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 5th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and a consensus target price of $21.09.

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.