Stoneridge Investment Partners LLC Decreases Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Stoneridge Investment Partners LLC reduced its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 29.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 146,447 shares of the technology company’s stock after selling 61,783 shares during the period. Hewlett Packard Enterprise comprises approximately 1.1% of Stoneridge Investment Partners LLC’s portfolio, making the stock its 28th largest position. Stoneridge Investment Partners LLC’s holdings in Hewlett Packard Enterprise were worth $3,127,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth $25,000. Valley Wealth Managers Inc. purchased a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth $26,000. Financial Management Professionals Inc. lifted its position in shares of Hewlett Packard Enterprise by 80.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after purchasing an additional 637 shares during the last quarter. Tandem Financial LLC acquired a new stake in Hewlett Packard Enterprise during the 4th quarter worth $32,000. Finally, Rise Advisors LLC raised its stake in Hewlett Packard Enterprise by 45.5% during the 3rd quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock worth $41,000 after acquiring an additional 625 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP John F. Schultz sold 262,818 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the sale, the director now directly owns 104,192 shares in the company, valued at approximately $2,445,386.24. This represents a 32.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 332,166 shares of company stock valued at $7,300,629. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

HPE has been the topic of several research analyst reports. StockNews.com lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Thursday, December 19th. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $23.00 to $28.00 in a research note on Thursday, December 5th. Barclays lifted 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 note on Friday, December 6th. Finally, Loop Capital lifted their price objective on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Hewlett Packard Enterprise Trading Down 0.4 %

Shares of Hewlett Packard Enterprise stock opened at $21.27 on Friday. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $24.66. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The company’s 50-day simple moving average is $22.06 and its 200-day simple moving average is $20.46. The firm has a market cap of $27.97 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 1.98 and a beta of 1.19.

Hewlett Packard Enterprise Dividend Announcement

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

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.