Stratos Wealth Partners LTD. Sells 1,263 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Stratos Wealth Partners LTD. decreased its stake in Hewlett Packard Enterprise (NYSE:HPE) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,119 shares of the technology company’s stock after selling 1,263 shares during the period. Stratos Wealth Partners LTD.’s holdings in Hewlett Packard Enterprise were worth $257,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. boosted its position in shares of Hewlett Packard Enterprise by 10.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 74,736 shares of the technology company’s stock worth $1,249,000 after purchasing an additional 7,285 shares in the last quarter. D.A. Davidson & CO. lifted its position in Hewlett Packard Enterprise by 12.6% in the 1st quarter. D.A. Davidson & CO. now owns 16,151 shares of the technology company’s stock valued at $270,000 after acquiring an additional 1,809 shares in the last quarter. Raymond James Trust N.A. lifted its position in Hewlett Packard Enterprise by 46.4% in the 1st quarter. Raymond James Trust N.A. now owns 16,080 shares of the technology company’s stock valued at $269,000 after acquiring an additional 5,095 shares in the last quarter. Blair William & Co. IL lifted its position in Hewlett Packard Enterprise by 9.8% in the 1st quarter. Blair William & Co. IL now owns 332,584 shares of the technology company’s stock valued at $5,557,000 after acquiring an additional 29,819 shares in the last quarter. Finally, Aviva PLC lifted its position in Hewlett Packard Enterprise by 45.8% in the 1st quarter. Aviva PLC now owns 634,757 shares of the technology company’s stock valued at $10,607,000 after acquiring an additional 199,382 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $17.26 on Tuesday. Hewlett Packard Enterprise has a 52 week low of $13.65 and a 52 week high of $20.07. The company’s 50 day moving average price is $16.74 and its two-hundred day moving average price is $16.41. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37. The stock has a market cap of $22.43 billion, a P/E ratio of 11.90, a P/E/G ratio of 3.22 and a beta of 1.21.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The company had revenue of $6.76 billion during the quarter, compared to analyst estimates of $7.09 billion. During the same quarter last year, the business posted $0.38 EPS. Hewlett Packard Enterprise’s quarterly revenue was down 13.5% compared to the same quarter last year. On average, equities analysts predict that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.52 annualized dividend and a dividend yield of 3.01%. Hewlett Packard Enterprise’s payout ratio is currently 35.86%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HPE. Sanford C. Bernstein cut shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $20.00 to $17.00 in a research report on Tuesday, January 16th. Barclays dropped their price target on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Friday, March 1st. Morgan Stanley raised their price target on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the company an “equal weight” rating in a research report on Monday. StockNews.com cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. Finally, Evercore ISI dropped their target price on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating on the stock in a research report on Friday, March 1st. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $17.73.

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.