Sentry Investment Management LLC Buys New Holdings in Hewlett Packard Enterprise Company $HPE

Sentry Investment Management LLC bought a new stake in Hewlett Packard Enterprise Company (NYSE:HPE) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,860 shares of the technology company’s stock, valued at approximately $80,000.

Several other hedge funds have also bought and sold shares of HPE. GAMMA Investing LLC lifted its stake in Hewlett Packard Enterprise by 14.4% in the 1st quarter. GAMMA Investing LLC now owns 17,760 shares of the technology company’s stock valued at $274,000 after purchasing an additional 2,239 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in Hewlett Packard Enterprise by 21.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 14,108 shares of the technology company’s stock valued at $218,000 after purchasing an additional 2,466 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in Hewlett Packard Enterprise in the 1st quarter valued at about $301,000. Johnson Investment Counsel Inc. acquired a new stake in Hewlett Packard Enterprise in the 1st quarter valued at about $157,000. Finally, Blue Trust Inc. lifted its position in Hewlett Packard Enterprise by 75.3% during the first quarter. Blue Trust Inc. now owns 26,187 shares of the technology company’s stock worth $404,000 after acquiring an additional 11,245 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HPE has been the subject of several research reports. UBS Group raised their price objective on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Bank of America raised their price objective on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $25.50.

Hewlett Packard Enterprise Stock Up 2.3%

Shares of HPE opened at $23.01 on Monday. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $26.44. The firm’s 50 day moving average is $23.61 and its 200-day moving average is $19.94. The stock has a market capitalization of $30.36 billion, a PE ratio of 28.06, a P/E/G 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 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 return on equity of 9.01% and a net margin of 3.77%.The business had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.77 billion. During the same period in the prior year, the business posted $0.50 earnings per share. The firm’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. Equities research analysts forecast that Hewlett Packard Enterprise Company will post 1.85 EPS 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 paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, September 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 63.41%.

Insider Activity at Hewlett Packard Enterprise

In related news, Director Gary M. Reiner sold 40,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $24.58, for a total value of $983,200.00. Following the transaction, the director directly owned 83,869 shares of the company’s stock, valued at $2,061,500.02. This trade represents a 32.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Maeve C. Culloty sold 3,738 shares of Hewlett Packard Enterprise 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. Insiders have sold 543,738 shares of company stock valued at $12,922,932 over the last three months. 0.36% of the stock is owned by 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.