Stoneridge Investment Partners LLC Sells 61,783 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Stoneridge Investment Partners LLC decreased its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 29.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 146,447 shares of the technology company's stock after selling 61,783 shares during the quarter. Hewlett Packard Enterprise accounts for 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 reporting period.

Other large investors also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC purchased a new position in Hewlett Packard Enterprise during the 3rd quarter valued at about $25,000. Valley Wealth Managers Inc. purchased a new position in shares of Hewlett Packard Enterprise in the third quarter valued at approximately $26,000. Financial Management Professionals Inc. grew its holdings 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 purchasing an additional 637 shares in the last quarter. Tandem Financial LLC acquired a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $32,000. Finally, Rise Advisors LLC increased 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 buying an additional 625 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise 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 sale, the director now owns 104,192 shares of the company's stock, valued at $2,445,386.24. The trade was a 32.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jeremy Cox sold 11,577 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the sale, the senior vice president now owns 48,615 shares in the company, valued at $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 332,166 shares of company stock valued at $7,300,629. Insiders own 0.40% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Barclays boosted their target price on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 target price on the stock in a research report on Thursday, December 19th. StockNews.com downgraded Hewlett Packard Enterprise from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th. Stifel Nicolaus raised their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Finally, Raymond James upgraded shares of Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and upped their target price for the company from $23.00 to $29.00 in a report on Monday, November 18th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $24.00.

Hewlett Packard Enterprise Trading Down 0.4 %

NYSE:HPE traded down $0.08 on Wednesday, reaching $21.10. The stock had a trading volume of 7,928,594 shares, compared to its average volume of 15,209,460. The company has a market cap of $27.75 billion, a price-to-earnings ratio of 11.11, a P/E/G ratio of 1.98 and a beta of 1.19. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $24.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The firm's fifty day moving average is $22.06 and its two-hundred day moving average is $20.48.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.46%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 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.