Coldstream Capital Management Inc. Boosts Stock Position in Hewlett Packard Enterprise Company $HPE

Coldstream Capital Management Inc. grew its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 19.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,002 shares of the technology company’s stock after buying an additional 4,254 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Hewlett Packard Enterprise were worth $532,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its stake in Hewlett Packard Enterprise by 2.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 9,980,034 shares of the technology company’s stock valued at $204,092,000 after acquiring an additional 230,267 shares during the last quarter. Cozad Asset Management Inc. raised its stake in shares of Hewlett Packard Enterprise by 28.2% in the 2nd quarter. Cozad Asset Management Inc. now owns 169,408 shares of the technology company’s stock valued at $3,464,000 after purchasing an additional 37,235 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Hewlett Packard Enterprise by 0.3% in the 2nd quarter. Rhumbline Advisers now owns 2,597,839 shares of the technology company’s stock valued at $53,126,000 after purchasing an additional 8,282 shares in the last quarter. Mufg Securities Americas Inc. lifted its position in shares of Hewlett Packard Enterprise by 25.2% during the second quarter. Mufg Securities Americas Inc. now owns 29,113 shares of the technology company’s stock worth $595,000 after purchasing an additional 5,864 shares during the last quarter. Finally, AXQ Capital LP acquired a new position in Hewlett Packard Enterprise in the second quarter worth about $1,508,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $21.52 on Friday. The firm’s 50 day moving average is $23.55 and its two-hundred day moving average is $21.43. The firm has a market capitalization of $28.40 billion, a P/E ratio of 26.25, a PEG ratio of 0.87 and a beta of 1.43. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Wednesday, September 3rd. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.09). The business had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $8.77 billion. Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.The business’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same period last 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. Analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 18th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Thursday, September 18th. Hewlett Packard Enterprise’s payout ratio is currently 63.41%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on HPE shares. UBS Group increased their target price on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. The Goldman Sachs Group raised their price objective on Hewlett Packard Enterprise from $27.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Bank of America lifted their price objective on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Morgan Stanley reissued an “equal weight” rating and set a $25.00 target price (down from $28.00) on shares of Hewlett Packard Enterprise in a report on Monday, November 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $25.24.

Insider Buying and Selling

In other news, EVP Maeve C. Culloty sold 3,738 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total value of $93,898.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Antonio F. Neri sold 166,666 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 1,585,726 shares in the company, 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 sold 293,738 shares of company stock valued at $7,252,098 over the last 90 days. 0.36% of the stock is currently owned by company insiders.

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.