High-dispersion spectroscopic monitoring of HESS J0632+057 has been carried out over four orbital cycles in order to search for orbital modulation, covering the entire orbital phase. We have measured the radial velocity of the Hα emission line with the method introduced by Shafter, Szkody, and Thorstensen (1986, ApJ, 308, 765), which has been successfully applied to some Be stars. The velocity is seen to increase much earlier than expected for the orbital period of 315 d, and much more steeply than expected at around “apastron.” The period of the Hα modulation is found to be $308^{+26}_{-23}$ d. We have also analyzed Swift/XRT data from 2009 to 2015 to study the orbital modulation, selecting the data with good statistics (≥30 counts). With additional two-year data to the previous works, the orbital period has been updated to $313^{+11}_{-8}$ d, which is consistent with the previous X-ray periods and the spectroscopic one. Previous XMM-Newton and Chandra observations prefer a period of 313 d. With the new period, assuming that Hα velocities accurately trace the motion of the Be star, we have derived a new set of orbital parameters. In the new orbit, which is less eccentric (e ≃ 0.6), two outbursts occur: after apastron and just after periastron. Also, the column density in bright phase ($4.7^{+0.9}_{-08}\times 10^{21} \, \mathrm{cm}^{-2}$) is higher than in faint phase (2.2 ± 0.5 × 1021 cm−2). These facts suggest that outbursts occur when the compact object passes nearby/through the Be disk. The mass function implies that the mass of the compact object is less than 2.5 M⊙, assuming that the mass of the Be star is 13.2–18.2 M⊙ (Aragona et al. 2010, ApJ, 724, 306), unless the inclination is extremely small. The photon index indicates that the spectra become softer when the system is bright. These suggest that the compact object is a pulsar.