Hewlett Packard Enterprise (NYSE:HPE) Holdings Raised by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC raised its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 18.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 208,230 shares of the technology company’s stock after buying an additional 32,233 shares during the period. Hewlett Packard Enterprise comprises approximately 1.6% of Stoneridge Investment Partners LLC’s holdings, making the stock its 19th largest position. Stoneridge Investment Partners LLC’s holdings in Hewlett Packard Enterprise were worth $4,260,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CHICAGO TRUST Co NA raised its holdings in Hewlett Packard Enterprise by 67.8% during the third quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company’s stock worth $1,858,000 after purchasing an additional 36,704 shares in the last quarter. Sei Investments Co. raised its stake in shares of Hewlett Packard Enterprise by 56.1% in the 1st quarter. Sei Investments Co. now owns 1,322,885 shares of the technology company’s stock worth $23,455,000 after buying an additional 475,397 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Hewlett Packard Enterprise by 455.7% in the first quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock valued at $2,149,000 after buying an additional 99,394 shares during the period. International Assets Investment Management LLC boosted its stake in Hewlett Packard Enterprise by 1,846.5% during the third quarter. International Assets Investment Management LLC now owns 489,092 shares of the technology company’s stock valued at $100,070,000 after buying an additional 463,965 shares in the last quarter. Finally, Swedbank AB acquired a new position in Hewlett Packard Enterprise during the first quarter worth about $26,995,000. 80.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the sale, the executive vice president now directly owns 82,061 shares in the company, valued at $1,395,037. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise stock in a transaction on Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the sale, the executive vice president now owns 82,061 shares of the company’s stock, valued at approximately $1,395,037. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeremy Cox sold 7,770 shares of the company’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the completion of the sale, the senior vice president now owns 7,771 shares of the company’s stock, valued at $163,191. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 426,012 shares of company stock worth $8,599,617 over the last 90 days. 0.40% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $20.01 on Tuesday. The business’s 50-day moving average is $19.39 and its 200-day moving average is $19.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. The company has a market capitalization of $25.99 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 3.45 and a beta of 1.19. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. The firm had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 EPS. Equities research analysts expect that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.60%. Hewlett Packard Enterprise’s payout ratio is 37.14%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HPE. Susquehanna restated a “neutral” rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Loop Capital lifted their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research report on Monday, September 9th. Bank of America upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price objective for the company from $21.00 to $24.00 in a research report on Tuesday, September 17th. Barclays upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $20.00 to $24.00 in a report on Wednesday, September 25th. Finally, UBS Group upped their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, September 5th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $21.46.

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.