Foster & Motley Inc. Lowers Holdings in Hewlett Packard Enterprise Company $HPE

Foster & Motley Inc. decreased its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 4.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 371,167 shares of the technology company’s stock after selling 18,765 shares during the quarter. Foster & Motley Inc.’s holdings in Hewlett Packard Enterprise were worth $7,590,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Alpine Bank Wealth Management purchased a new position in shares of Hewlett Packard Enterprise in the first quarter valued at approximately $25,000. Hilltop National Bank purchased a new position in Hewlett Packard Enterprise in the second quarter worth approximately $35,000. Zions Bancorporation National Association UT purchased a new position in Hewlett Packard Enterprise in the first quarter worth approximately $27,000. MorganRosel Wealth Management LLC purchased a new position in Hewlett Packard Enterprise in the first quarter worth approximately $31,000. Finally, Transce3nd LLC lifted its stake in Hewlett Packard Enterprise by 2,937.2% in the first quarter. Transce3nd LLC now owns 2,369 shares of the technology company’s stock worth $37,000 after acquiring an additional 2,291 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP Maeve C. Culloty sold 3,738 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total value of $93,898.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Antonio F. Neri sold 166,666 shares of Hewlett Packard Enterprise stock in a transaction 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 completion of the transaction, the chief executive officer owned 1,919,060 shares in the company, valued at approximately $43,217,231.20. This trade represents a 7.99% 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 worth $12,922,932 in the last three months. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $23.01 on Friday. The firm’s fifty day simple moving average is $23.61 and its 200-day simple moving average is $19.87. The stock has a market capitalization of $30.36 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 1.67 and a beta of 1.45. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month 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.

Hewlett Packard Enterprise (NYSE:HPE) last announced its 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). The business had revenue of $9.14 billion during the quarter, compared to analyst estimates of $8.77 billion. Hewlett Packard Enterprise had a net margin of 3.77% and a return on equity of 9.01%. The business’s revenue was up 19.8% compared to the same quarter last year. During the same period in the previous year, the firm 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. As a group, equities analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 18th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Thursday, September 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 63.41%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday. Susquehanna lifted their price target on shares of Hewlett Packard Enterprise from $16.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, September 4th. Wolfe Research started coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, July 8th. They issued a “peer perform” rating for the company. Wells Fargo & Company raised their price objective 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. Finally, JPMorgan Chase & Co. started 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. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $25.50.

Hewlett Packard Enterprise Company 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.