Sentry Investment Management LLC trimmed its holdings in Hewlett Packard Enterprise Co (NYSE:HPE) by 6.6% during the third quarter, Holdings Channel reports. The institutional investor owned 99,949 shares of the technology company’s stock after selling 7,116 shares during the period. Sentry Investment Management LLC’s holdings in Hewlett Packard Enterprise were worth $1,630,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. Trellus Management Company LLC acquired a new stake in Hewlett Packard Enterprise in the 3rd quarter worth about $326,000. Janney Montgomery Scott LLC boosted its stake in Hewlett Packard Enterprise by 61.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 125,636 shares of the technology company’s stock worth $2,049,000 after buying an additional 47,955 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in Hewlett Packard Enterprise by 2.4% in the 3rd quarter. Gulf International Bank UK Ltd now owns 526,812 shares of the technology company’s stock worth $8,592,000 after buying an additional 12,557 shares during the last quarter. BP PLC acquired a new stake in Hewlett Packard Enterprise in the 3rd quarter worth about $3,113,000. Finally, American Century Companies Inc. acquired a new stake in Hewlett Packard Enterprise in the 3rd quarter worth about $11,727,000. 82.87% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have issued reports on HPE shares. Zacks Investment Research raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Monday, July 16th. Oppenheimer set a $18.00 price target on Hewlett Packard Enterprise and gave the stock a “buy” rating in a research note on Thursday, October 25th. Raymond James decreased their price target on Hewlett Packard Enterprise from $24.00 to $21.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 29th. Sanford C. Bernstein lowered Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $20.00 to $18.00 in a research note on Tuesday, August 21st. Finally, Maxim Group reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Hewlett Packard Enterprise in a research note on Wednesday, August 29th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $17.65.
Shares of NYSE:HPE opened at $15.72 on Friday. The stock has a market cap of $23.90 billion, a P/E ratio of 11.52, a P/E/G ratio of 0.93 and a beta of 1.61. The company has a current ratio of 1.00, a quick ratio of 0.84 and a debt-to-equity ratio of 0.42. Hewlett Packard Enterprise Co has a one year low of $12.81 and a one year high of $19.48.
Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Tuesday, August 28th. The technology company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.37 by $0.07. The business had revenue of $7.76 billion for the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 9.38% and a net margin of 10.43%. The company’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the business posted $0.30 EPS. On average, equities analysts forecast that Hewlett Packard Enterprise Co will post 1.53 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Wednesday, December 12th will be issued a dividend of $0.1125 per share. The ex-dividend date of this dividend is Tuesday, December 11th. This represents a $0.45 annualized dividend and a dividend yield of 2.86%. Hewlett Packard Enterprise’s payout ratio is currently 46.88%.
In related news, insider Antonio F. Neri sold 36,556 shares of the firm’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $16.50, for a total transaction of $603,174.00. Following the sale, the insider now directly owns 170,721 shares in the company, valued at approximately $2,816,896.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Keerti Melkote sold 87,113 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $15.96, for a total value of $1,390,323.48. Following the sale, the insider now owns 102,283 shares in the company, valued at $1,632,436.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 787,988 shares of company stock worth $12,972,468. Company insiders own 1.18% of the company’s stock.
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Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.
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