Stoneridge Investment Partners LLC boosted its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 18.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 208,230 shares of the technology company's stock after purchasing an additional 32,233 shares during the period. Hewlett Packard Enterprise comprises 1.6% of Stoneridge Investment Partners LLC's portfolio, making the stock its 19th biggest holding. Stoneridge Investment Partners LLC's holdings in Hewlett Packard Enterprise were worth $4,260,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Hazlett Burt & Watson Inc. lifted its holdings in Hewlett Packard Enterprise by 571.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company's stock valued at $28,000 after purchasing an additional 1,143 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Hewlett Packard Enterprise in the second quarter valued at approximately $28,000. Financial Management Professionals Inc. raised its stake in shares of Hewlett Packard Enterprise by 80.3% in the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company's stock valued at $29,000 after acquiring an additional 637 shares during the last quarter. ORG Partners LLC boosted its holdings in shares of Hewlett Packard Enterprise by 224.5% in the 2nd quarter. ORG Partners LLC now owns 1,853 shares of the technology company's stock worth $39,000 after acquiring an additional 1,282 shares in the last quarter. Finally, Rise Advisors LLC grew its position 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 during the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,770 shares of Hewlett Packard Enterprise stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total value of $163,170.00. Following the completion of the sale, the senior vice president now owns 7,771 shares in the company, valued at $163,191. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,770 shares of the business's stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total transaction of $163,170.00. Following the sale, the senior vice president now directly owns 7,771 shares of the company's stock, valued at $163,191. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Antonio F. Neri sold 83,334 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the sale, the chief executive officer now directly owns 1,758,641 shares of the company's stock, valued at $34,680,400.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 426,012 shares of company stock worth $8,599,617 in the last 90 days. Company insiders own 0.40% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on HPE shares. Deutsche Bank Aktiengesellschaft assumed coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They issued a "hold" rating and a $22.00 price objective on the stock. UBS Group increased their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Thursday, September 5th. Bank of America raised shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $21.00 to $24.00 in a research note on Tuesday, September 17th. Loop Capital raised their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Monday, September 9th. Finally, Susquehanna reiterated a "neutral" rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $21.46.
Check Out Our Latest Report on HPE
Hewlett Packard Enterprise Stock Performance
Shares of NYSE:HPE traded down $0.01 on Tuesday, hitting $20.00. The company had a trading volume of 9,412,161 shares, compared to its average volume of 15,429,160. The stock has a 50 day moving average price of $19.39 and a 200 day moving average price of $19.18. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The stock has a market cap of $25.97 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 3.45 and a beta of 1.19. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82.
Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings results 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. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The firm had revenue of $7.71 billion for the quarter, compared to analysts' expectations of $7.67 billion. During the same period in the prior year, the firm earned $0.35 EPS. The business's revenue was up 10.1% on a year-over-year basis. Analysts expect that Hewlett Packard Enterprise will post 1.66 EPS for the current year.
Hewlett Packard Enterprise Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise's payout ratio is 37.14%.
Hewlett Packard Enterprise Company Profile
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Free Report)
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.
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