Trade Report: Today, Sentry Investment Management LLC decides to keep it stake in Hewlett Packard Enterprise Co. (HPE) to the level of $2,942,000

Today, Sentry Investment Management LLC decides to keep it stake in Hewlett Packard Enterprise Co. (HPE) to the level of $2,942,000

Sentry Investment Management LLC cut its stake in Hewlett Packard Enterprise Co. (NYSE:HPE) by 1.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,339 shares of the company’s stock after selling 2,320 shares during the period. Sentry Investment Management LLC’s holdings in Hewlett Packard Enterprise were worth $2,942,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in HPE. BlackRock Institutional Trust Company N.A. raised its stake in Hewlett Packard Enterprise by 0.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 44,505,637 shares of the company’s stock valued at $813,118,000 after buying an additional 329,761 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Hewlett Packard Enterprise by 8.5% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 27,055,545 shares of the company’s stock worth $494,305,000 after buying an additional 2,126,559 shares during the last quarter. FMR LLC raised its stake in shares of Hewlett Packard Enterprise by 7.0% in the second quarter. FMR LLC now owns 24,762,003 shares of the company’s stock worth $452,402,000 after buying an additional 1,609,232 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of Hewlett Packard Enterprise by 2.0% in the second quarter. BlackRock Fund Advisors now owns 20,003,693 shares of the company’s stock worth $365,467,000 after buying an additional 400,155 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Hewlett Packard Enterprise by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 17,657,453 shares of the company’s stock worth $322,571,000 after buying an additional 60,125 shares during the last quarter. Hedge funds and other institutional investors own 79.61% of the company’s stock.

Shares of Hewlett Packard Enterprise Co. (NYSE:HPE) opened at 23.55 on Friday. The stock has a 50 day moving average of $22.45 and a 200 day moving average of $20.62. The stock has a market capitalization of $39.22 billion and a P/E ratio of 9.82. Hewlett Packard Enterprise Co. has a 12-month low of $11.62 and a 12-month high of $23.85.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, November 22nd. The company reported $0.61 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.61. The business had revenue of $12.50 billion for the quarter, compared to analysts’ expectations of $12.85 billion. Hewlett Packard Enterprise had a net margin of 6.31% and a return on equity of 10.38%. The business’s quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 earnings per share. Equities research analysts anticipate that Hewlett Packard Enterprise Co. will post $2.06 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Wednesday, December 14th will be issued a $0.065 dividend. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, December 12th. This represents a $0.26 annualized dividend and a yield of 1.10%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 12.02%.

HPE has been the subject of a number of research analyst reports. Vetr upgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating and set a $25.36 price objective for the company in a report on Tuesday, October 4th. Oppenheimer Holdings Inc. set a $25.00 price objective on shares of Hewlett Packard Enterprise and gave the company a “buy” rating in a report on Monday, November 14th. Barclays PLC reiterated an “underweight” rating and set a $17.00 price objective on shares of Hewlett Packard Enterprise in a report on Wednesday, October 12th. FBN Securities reiterated an “outperform” rating on shares of Hewlett Packard Enterprise in a report on Thursday, September 8th. Finally, Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Wednesday, October 5th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $22.80.

In related news, CFO Timothy C. Stonesifer sold 101,610 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $22.01, for a total value of $2,236,436.10. Following the sale, the chief financial officer now owns 101,610 shares of the company’s stock, valued at $2,236,436.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael G. Nefkens sold 107,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $22.00, for a total transaction of $2,365,000.00. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

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