Stoneridge Investment Partners LLC Trims Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Stoneridge Investment Partners LLC decreased its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 29.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 146,447 shares of the technology company’s stock after selling 61,783 shares during the period. Hewlett Packard Enterprise accounts for approximately 1.1% of Stoneridge Investment Partners LLC’s portfolio, making the stock its 28th largest holding. Stoneridge Investment Partners LLC’s holdings in Hewlett Packard Enterprise were worth $3,127,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Apollon Wealth Management LLC lifted its stake in shares of Hewlett Packard Enterprise by 16.8% during the fourth quarter. Apollon Wealth Management LLC now owns 30,196 shares of the technology company’s stock valued at $645,000 after buying an additional 4,334 shares during the period. Cantor Fitzgerald Investment Advisors L.P. lifted its stake in shares of Hewlett Packard Enterprise by 1.2% during the fourth quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 488,326 shares of the technology company’s stock valued at $10,426,000 after buying an additional 5,689 shares during the period. Vest Financial LLC lifted its stake in shares of Hewlett Packard Enterprise by 25.5% during the fourth quarter. Vest Financial LLC now owns 26,951 shares of the technology company’s stock valued at $575,000 after buying an additional 5,470 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Hewlett Packard Enterprise by 11.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 142,835 shares of the technology company’s stock valued at $3,050,000 after buying an additional 14,720 shares during the period. Finally, Tandem Financial LLC purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Activity

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,771 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $23.00, for a total transaction of $178,733.00. Following the transaction, the senior vice president now directly owns 61,735 shares in the company, valued at $1,419,905. This represents a 11.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John F. Schultz sold 262,818 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the transaction, the executive vice president now owns 270,430 shares in the company, valued at $5,846,696.60. This trade represents a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 332,166 shares of company stock worth $7,300,629. 0.40% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock opened at $21.27 on Friday. The company has a market capitalization of $27.97 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 1.98 and a beta of 1.19. The firm has a fifty day simple moving average of $22.06 and a 200-day simple moving average of $20.46. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were paid a $0.13 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.45%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 27.37%.

Analyst Ratings Changes

Several equities analysts recently issued reports on HPE shares. StockNews.com downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price target for the stock from $23.00 to $26.00 in a research report on Friday, December 6th. Barclays upped their price target on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $23.00 to $28.00 in a research report on Thursday, December 5th. Finally, Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

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.