Hewlett Packard Enterprise Co (HPE) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC trimmed its holdings in Hewlett Packard Enterprise Co (NYSE:HPE) by 6.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,949 shares of the technology company’s stock after selling 7,116 shares during the quarter. Sentry Investment Management LLC’s holdings in Hewlett Packard Enterprise were worth $1,630,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. LS Investment Advisors LLC boosted its holdings in shares of Hewlett Packard Enterprise by 4.4% in the second quarter. LS Investment Advisors LLC now owns 83,966 shares of the technology company’s stock valued at $1,227,000 after acquiring an additional 3,569 shares during the period. Personal Resources Investment & Strategic Management Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 5.2% in the third quarter. Personal Resources Investment & Strategic Management Inc. now owns 80,005 shares of the technology company’s stock valued at $1,267,000 after acquiring an additional 3,932 shares during the period. Xact Kapitalforvaltning AB boosted its holdings in shares of Hewlett Packard Enterprise by 1.3% in the second quarter. Xact Kapitalforvaltning AB now owns 304,835 shares of the technology company’s stock valued at $4,454,000 after acquiring an additional 3,967 shares during the period. Dupont Capital Management Corp boosted its holdings in shares of Hewlett Packard Enterprise by 44.0% in the second quarter. Dupont Capital Management Corp now owns 14,469 shares of the technology company’s stock valued at $211,000 after acquiring an additional 4,419 shares during the period. Finally, Brown Advisory Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 32.8% in the second quarter. Brown Advisory Inc. now owns 18,217 shares of the technology company’s stock valued at $266,000 after acquiring an additional 4,502 shares during the period. 82.87% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on HPE. Raymond James decreased their price objective on Hewlett Packard Enterprise from $21.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday, October 25th. Oppenheimer set a $18.00 price objective on Hewlett Packard Enterprise and gave the company a “buy” rating in a report on Thursday, October 25th. UBS Group began coverage on Hewlett Packard Enterprise in a report on Wednesday, September 26th. They issued a “hold” rating and a $17.00 price objective for the company. Zacks Investment Research downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, August 31st. Finally, BMO Capital Markets decreased their price objective on Hewlett Packard Enterprise from $19.00 to $18.00 and set a “market perform” rating for the company in a report on Wednesday, August 29th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have issued a buy rating to the stock. Hewlett Packard Enterprise currently has an average rating of “Hold” and a consensus target price of $17.65.

Shares of NYSE HPE opened at $15.72 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.00 and a quick ratio of 0.84. Hewlett Packard Enterprise Co has a 1-year low of $12.81 and a 1-year high of $19.48. The firm 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.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, August 28th. The technology company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.07. Hewlett Packard Enterprise had a return on equity of 9.38% and a net margin of 10.43%. The firm had revenue of $7.76 billion during the quarter, compared to the consensus estimate of $7.67 billion. During the same period last year, the company earned $0.30 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, sell-side analysts predict that Hewlett Packard Enterprise Co will post 1.53 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Wednesday, December 12th will be given a $0.1125 dividend. This represents a $0.45 annualized dividend and a yield of 2.86%. The ex-dividend date is Tuesday, December 11th. Hewlett Packard Enterprise’s payout ratio is 46.88%.

In other Hewlett Packard Enterprise news, insider Antonio F. Neri sold 36,556 shares of the stock in a transaction on Friday, August 17th. The stock was sold at an average price of $16.50, for a total value of $603,174.00. Following the completion of the transaction, the insider now owns 170,721 shares in the company, valued at $2,816,896.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Keerti Melkote sold 87,113 shares of the stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $15.96, for a total value of $1,390,323.48. Following the completion of the transaction, the insider now owns 102,283 shares of the company’s stock, valued at approximately $1,632,436.68. The disclosure for this sale can be found here. Insiders sold 787,988 shares of company stock valued at $12,972,468 in the last quarter. 1.18% of the stock is currently owned by company insiders.

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About Hewlett Packard Enterprise

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.

Read More: Analyzing a company’s cash flow statement

Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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