Hewlett Packard Enterprise Company $HPE Shares Purchased by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC grew its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 18.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,612 shares of the technology company’s stock after purchasing an additional 1,995 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Hewlett Packard Enterprise were worth $258,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Wilmington Savings Fund Society FSB raised its stake in shares of Hewlett Packard Enterprise by 25.3% in the 2nd quarter. Wilmington Savings Fund Society FSB now owns 28,305 shares of the technology company’s stock valued at $579,000 after purchasing an additional 5,708 shares in the last quarter. Morningstar Investment Management LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter valued at about $227,000. Sequoia Financial Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 97.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 42,508 shares of the technology company’s stock valued at $869,000 after purchasing an additional 20,971 shares in the last quarter. MGO One Seven LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter valued at about $377,000. Finally, Board of the Pension Protection Fund acquired a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter valued at about $1,229,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $23.01 on Friday. The company has a 50-day moving average price of $23.61 and a two-hundred day moving average price of $19.90. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $26.44. The stock has a market cap of $30.36 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 1.70 and a beta of 1.45. 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 (NYSE:HPE) last announced its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.35 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $9.14 billion during the quarter, compared to analyst estimates of $8.77 billion. During the same quarter in the previous year, the business posted $0.50 EPS. Hewlett Packard Enterprise’s revenue for the quarter was up 19.8% compared to the same quarter last year. 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 forecast that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HPE. Wolfe Research began coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, July 8th. They issued a “peer perform” rating on the stock. Wells Fargo & Company increased 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 research note on Thursday, September 4th. Susquehanna increased their price objective 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. Zacks Research lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $22.00 to $28.00 in a research note on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $25.50.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, 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 value of $4,171,649.98. Following the sale, the chief executive officer owned 1,585,726 shares in the company, valued at approximately $39,690,721.78. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maeve C. Culloty sold 3,738 shares of the firm’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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 543,738 shares of company stock worth $12,922,932. 0.36% of the stock is 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.