TIAA Trust National Association Purchases 761 Shares of Hewlett Packard Enterprise (NYSE:HPE)

TIAA Trust National Association boosted its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 5.2% in the fourth quarter, Holdings Channel reports. The fund owned 15,423 shares of the technology company’s stock after purchasing an additional 761 shares during the quarter. TIAA Trust National Association’s holdings in Hewlett Packard Enterprise were worth $329,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of HPE. Quest Partners LLC bought a new position in shares of Hewlett Packard Enterprise in the 3rd quarter worth approximately $50,000. Fisher Asset Management LLC raised its position in Hewlett Packard Enterprise by 211.1% in the third quarter. Fisher Asset Management LLC now owns 33,973 shares of the technology company’s stock worth $695,000 after acquiring an additional 23,053 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Hewlett Packard Enterprise during the 3rd quarter worth $588,000. Townsquare Capital LLC bought a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter valued at $404,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Hewlett Packard Enterprise by 22.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 937,841 shares of the technology company’s stock worth $19,188,000 after purchasing an additional 173,303 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $15.80 on Friday. The stock has a market capitalization of $20.75 billion, a PE ratio of 8.31, a P/E/G ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 1-year low of $14.64 and a 1-year high of $24.66. The business has a 50 day simple moving average of $19.55 and a two-hundred day simple moving average of $20.40. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio is presently 25.37%.

Insider Activity

In other news, SVP Jeremy Cox sold 11,577 shares of the business’s 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 transaction, the senior vice president now owns 48,615 shares of the company’s stock, valued at approximately $1,118,145. The trade was a 19.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

HPE has been the topic of several analyst reports. Bank of America lowered their target price on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Susquehanna decreased their target price on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price target for the company from $23.00 to $26.00 in a report on Friday, December 6th. Finally, Daiwa America cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Nine investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.27.

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.