Advisors Asset Management Inc. Buys 158,224 Shares of Hewlett Packard Enterprise Company $HPE

Advisors Asset Management Inc. boosted its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 46.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 498,349 shares of the technology company’s stock after buying an additional 158,224 shares during the period. Advisors Asset Management Inc.’s holdings in Hewlett Packard Enterprise were worth $10,191,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in HPE. Zions Bancorporation National Association UT purchased a new position in Hewlett Packard Enterprise during the 1st quarter valued at about $27,000. CVA Family Office LLC increased its holdings in Hewlett Packard Enterprise by 126.7% during the second quarter. CVA Family Office LLC now owns 1,437 shares of the technology company’s stock valued at $29,000 after buying an additional 803 shares during the period. Hantz Financial Services Inc. raised its stake in Hewlett Packard Enterprise by 74.4% in the second quarter. Hantz Financial Services Inc. now owns 1,611 shares of the technology company’s stock worth $33,000 after buying an additional 687 shares in the last quarter. Hilltop National Bank purchased a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at $35,000. Finally, SouthState Corp purchased a new position in shares of Hewlett Packard Enterprise in the 1st quarter valued at $42,000. Institutional investors own 80.78% of the company’s stock.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Maeve C. Culloty sold 3,738 shares of the company’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total value of $93,898.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Antonio F. Neri sold 166,666 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $25.03, for a total transaction of $4,171,649.98. Following the completion of the sale, the chief executive officer directly owned 1,585,726 shares of the company’s stock, valued at $39,690,721.78. This represents a 9.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 377,072 shares of company stock worth $9,169,613 in the last ninety days. Insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Piper Sandler started coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 22nd. They issued a “neutral” rating and a $24.00 target price on the stock. Evercore ISI lifted their price objective on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Susquehanna increased their target price on shares of Hewlett Packard Enterprise from $16.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, September 4th. Citigroup upped their price target on Hewlett Packard Enterprise from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Finally, Sanford C. Bernstein began coverage on Hewlett Packard Enterprise in a research report on Tuesday, September 16th. They issued a “market perform” rating and a $24.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $25.24.

Hewlett Packard Enterprise Stock Up 1.2%

HPE stock opened at $21.34 on Wednesday. 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 quick ratio of 0.69 and a current ratio of 0.95. The firm’s fifty day moving average is $23.69 and its 200 day moving average is $21.43. The firm has a market cap of $28.15 billion, a PE ratio of 26.02, a P/E/G ratio of 0.85 and a beta of 1.43.

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

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 18th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 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.