Sentry Investment Management LLC Has $115,000 Stake in Hewlett Packard Enterprise (NYSE:HPE)

Sentry Investment Management LLC lessened its stake in Hewlett Packard Enterprise (NYSE:HPE) by 9.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,763 shares of the technology company’s stock after selling 726 shares during the quarter. Sentry Investment Management LLC’s holdings in Hewlett Packard Enterprise were worth $115,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HPE. IFP Advisors Inc raised its holdings in shares of Hewlett Packard Enterprise by 16.0% in the second quarter. IFP Advisors Inc now owns 4,241 shares of the technology company’s stock valued at $71,000 after purchasing an additional 584 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Hewlett Packard Enterprise by 7.6% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 9,391 shares of the technology company’s stock worth $159,000 after acquiring an additional 666 shares during the period. Montgomery Investment Management Inc. boosted its stake in Hewlett Packard Enterprise by 2.9% in the fourth quarter. Montgomery Investment Management Inc. now owns 24,950 shares of the technology company’s stock valued at $424,000 after acquiring an additional 700 shares during the last quarter. IMPACTfolio LLC grew its position in shares of Hewlett Packard Enterprise by 5.3% during the 4th quarter. IMPACTfolio LLC now owns 13,963 shares of the technology company’s stock valued at $237,000 after acquiring an additional 705 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Hewlett Packard Enterprise by 3.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 20,155 shares of the technology company’s stock worth $322,000 after purchasing an additional 712 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Down 0.6 %

Shares of HPE opened at $17.03 on Thursday. Hewlett Packard Enterprise has a fifty-two week low of $13.65 and a fifty-two week high of $20.07. The firm has a market cap of $22.14 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 3.17 and a beta of 1.21. The firm has a 50 day moving average price of $16.81 and a 200-day moving average price of $16.41. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.89.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Thursday, February 29th. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. The firm had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $7.09 billion. During the same period last year, the firm earned $0.38 earnings per share. The company’s revenue for the quarter was down 13.5% compared to the same quarter last year. As a group, equities research analysts forecast that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.05%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise’s dividend payout ratio is currently 35.86%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on HPE shares. Stifel Nicolaus decreased their target price on Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, March 1st. Wells Fargo & Company lifted their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Wednesday. StockNews.com downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Evercore ISI dropped their target price on Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating on the stock in a research report on Friday, March 1st. Finally, Barclays decreased their price objective on Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Friday, March 1st. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise has an average rating of “Hold” and an average price target of $17.91.

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.