Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC cut its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 317,539 shares of the technology company's stock after selling 20,404 shares during the period. Sanctuary Advisors LLC's holdings in Hewlett Packard Enterprise were worth $6,729,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in HPE. Eagle Asset Management Inc. increased its holdings in Hewlett Packard Enterprise by 3,537.0% in the third quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company's stock valued at $127,571,000 after buying an additional 5,629,006 shares in the last quarter. Mizuho Markets Americas LLC acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter valued at $105,185,000. Pacer Advisors Inc. increased its position in Hewlett Packard Enterprise by 18.1% during the third quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company's stock worth $560,274,000 after buying an additional 4,194,213 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Hewlett Packard Enterprise by 35.1% in the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company's stock worth $155,142,000 after acquiring an additional 1,885,559 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Hewlett Packard Enterprise by 61.6% in the third quarter. National Bank of Canada FI now owns 3,504,681 shares of the technology company's stock valued at $71,706,000 after acquiring an additional 1,335,318 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Down 3.0 %

Shares of HPE traded down $0.65 during trading on Friday, reaching $21.10. The company's stock had a trading volume of 3,068,069 shares, compared to its average volume of 14,025,155. The company has a fifty day moving average of $21.96 and a two-hundred day moving average of $20.58. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $24.66. The company has a market cap of $27.71 billion, a price-to-earnings ratio of 11.11, a P/E/G ratio of 2.03 and a beta of 1.19. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54.

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 issued a $0.13 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.47%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 27.37%.

Insider Activity

In related news, Director Gary M. Reiner sold 50,000 shares of the company's stock in a transaction on 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 completion of the transaction, the director now directly owns 104,192 shares in the company, valued at $2,445,386.24. This represents a 32.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of the business's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total value of $5,682,125.16. Following the transaction, the executive vice president now owns 270,430 shares of the company's stock, valued at $5,846,696.60. This trade represents a 49.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 332,166 shares of company stock worth $7,300,629. 0.36% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on HPE shares. Raymond James upgraded shares of Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and lifted their price target for the stock from $23.00 to $29.00 in a report on Monday, November 18th. Morgan Stanley raised Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $23.00 to $28.00 in a research report on Thursday, December 5th. Stifel Nicolaus increased their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised 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. Finally, Loop Capital increased their price objective on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a "hold" rating in a report on Monday, December 9th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.00.

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.