Sentry Investment Management LLC Reduces Position in Hewlett Packard Enterprise (NYSE:HPE)

Sentry Investment Management LLC lessened its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 14.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,330 shares of the technology company’s stock after selling 868 shares during the quarter. Sentry Investment Management LLC’s holdings in Hewlett Packard Enterprise were worth $114,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in HPE. Eagle Asset Management Inc. grew its stake in Hewlett Packard Enterprise by 3,537.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company’s stock worth $127,571,000 after buying an additional 5,629,006 shares during the last quarter. Mizuho Markets Americas LLC purchased a new position in Hewlett Packard Enterprise during the 3rd quarter worth approximately $105,185,000. Pacer Advisors Inc. grew its stake in Hewlett Packard Enterprise by 18.1% during the 3rd 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 during the last quarter. Nordea Investment Management AB grew its stake in Hewlett Packard Enterprise by 35.1% during the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock worth $155,142,000 after buying an additional 1,885,559 shares during the last quarter. Finally, National Bank of Canada FI grew its stake in Hewlett Packard Enterprise by 61.6% during the 3rd quarter. National Bank of Canada FI now owns 3,504,681 shares of the technology company’s stock worth $71,706,000 after buying an additional 1,335,318 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HPE. Stifel Nicolaus raised their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their price objective for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $23.00 to $26.00 in a research report on Friday, December 6th. StockNews.com cut Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Thursday, December 19th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and an average price target of $24.00.

Insider Activity

In related news, SVP Jeremy Cox sold 7,771 shares of Hewlett Packard Enterprise stock in a transaction on Friday, December 6th. The stock was sold at an average price of $23.00, for a total transaction of $178,733.00. Following the completion of the transaction, the senior vice president now directly owns 61,735 shares of the company’s stock, valued at approximately $1,419,905. The trade was a 11.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise 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 directly owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. This represents a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 332,166 shares of company stock valued at $7,300,629 in the last three months. 0.36% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Stock Up 0.3 %

HPE opened at $20.36 on Thursday. 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 business has a 50 day simple moving average of $21.90 and a 200-day simple moving average of $20.70. The stock has a market capitalization of $26.73 billion, a P/E ratio of 10.71, a P/E/G ratio of 2.03 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.

Hewlett Packard Enterprise Announces Dividend

The firm 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 of this dividend was Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.55%. Hewlett Packard Enterprise’s dividend payout ratio is currently 27.37%.

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.