Hewlett Packard Enterprise Company $HPE Shares Bought by US Bancorp DE

US Bancorp DE raised its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 5.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,339 shares of the technology company’s stock after buying an additional 9,859 shares during the quarter. US Bancorp DE’s holdings in Hewlett Packard Enterprise were worth $3,954,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Farther Finance Advisors LLC grew its holdings in shares of Hewlett Packard Enterprise by 2.3% during the first quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company’s stock worth $492,000 after buying an additional 699 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Hewlett Packard Enterprise by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 70,600 shares of the technology company’s stock worth $1,089,000 after buying an additional 700 shares in the last quarter. Pinnacle Financial Partners Inc grew its holdings in shares of Hewlett Packard Enterprise by 6.9% during the first quarter. Pinnacle Financial Partners Inc now owns 11,541 shares of the technology company’s stock worth $178,000 after buying an additional 746 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Hewlett Packard Enterprise by 16.7% during the first quarter. Larson Financial Group LLC now owns 5,370 shares of the technology company’s stock worth $83,000 after buying an additional 769 shares in the last quarter. Finally, Dynasty Wealth Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 2.8% during the first quarter. Dynasty Wealth Management LLC now owns 33,907 shares of the technology company’s stock worth $523,000 after buying an additional 925 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Buying and Selling

In related 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 transaction of $93,898.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Antonio F. Neri sold 166,666 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $25.03, for a total transaction of $4,171,649.98. Following the sale, the chief executive officer directly owned 1,585,726 shares in the company, valued at approximately $39,690,721.78. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 543,738 shares of company stock valued at $12,922,932 in the last ninety days. Company insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, September 4th. KeyCorp initiated coverage on shares of Hewlett Packard Enterprise in a report on Thursday, June 26th. They issued a “sector weight” rating for the company. Evercore ISI upped their price objective on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Bank of America upped their price objective on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, September 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $25.06.

Hewlett Packard Enterprise Trading Up 1.5%

Shares of HPE stock opened at $24.78 on Tuesday. 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 has a market cap of $32.69 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 2.55 and a beta of 1.45. The company has a 50-day moving average of $23.32 and a two-hundred day moving average of $19.70. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $26.44.

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 company had revenue of $9.14 billion for the quarter, compared to analysts’ expectations 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 last year, the business earned $0.50 EPS. 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, analysts predict 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 will be paid on Friday, October 17th. Investors of record on Thursday, September 18th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 18th. Hewlett Packard Enterprise’s dividend payout ratio is presently 63.41%.

Hewlett Packard Enterprise Profile

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.