4,789 Shares in Hewlett Packard Enterprise Company $HPE Purchased by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC purchased a new position in Hewlett Packard Enterprise Company (NYSE:HPE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,789 shares of the technology company’s stock, valued at approximately $98,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alpine Bank Wealth Management purchased a new stake in Hewlett Packard Enterprise during the first quarter valued at about $25,000. Hilltop National Bank purchased a new stake in Hewlett Packard Enterprise during the second quarter valued at about $35,000. Zions Bancorporation National Association UT purchased a new stake in Hewlett Packard Enterprise during the first quarter valued at about $27,000. MorganRosel Wealth Management LLC purchased a new stake in Hewlett Packard Enterprise during the first quarter valued at about $31,000. Finally, Financial Freedom LLC lifted its holdings in Hewlett Packard Enterprise by 76.7% during the first quarter. Financial Freedom LLC now owns 2,197 shares of the technology company’s stock valued at $34,000 after purchasing an additional 954 shares during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on HPE. UBS Group upped their price objective on shares of Hewlett Packard Enterprise from $18.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, September 4th. Zacks Research downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. JPMorgan Chase & Co. began coverage on shares of Hewlett Packard Enterprise in a report on Thursday, July 17th. They set an “overweight” rating and a $30.00 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday. Finally, Wall Street Zen upgraded Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research report on Sunday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $25.06.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 40,000 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $24.58, for a total transaction of $983,200.00. Following the transaction, the director directly owned 83,869 shares in the company, valued at $2,061,500.02. This trade represents a 32.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Antonio F. Neri sold 166,666 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $22.52, for a total transaction of $3,753,318.32. Following the transaction, the chief executive officer owned 1,919,060 shares in the company, valued at $43,217,231.20. The trade was a 7.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 543,738 shares of company stock worth $12,922,932 over the last ninety days. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Down 7.0%

Shares of NYSE HPE opened at $24.42 on Friday. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $26.44. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69. The firm’s 50 day simple moving average is $23.22 and its two-hundred day simple moving average is $19.59. The stock has a market capitalization of $32.23 billion, a P/E ratio of 29.79, a PEG ratio of 2.74 and a beta of 1.45.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.09). Hewlett Packard Enterprise had a net margin of 3.77% and a return on equity of 9.01%. The business had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.77 billion. During the same quarter in the previous year, the business earned $0.50 earnings per share. The firm’s revenue was up 19.8% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. As a group, analysts expect that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 18th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, September 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 63.41%.

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.