State of New Jersey Common Pension Fund D Trims Holdings in Hewlett Packard Enterprise Company $HPE

State of New Jersey Common Pension Fund D lessened its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 0.3% in the second quarter, Holdings Channel reports. The institutional investor owned 436,896 shares of the technology company’s stock after selling 1,495 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Hewlett Packard Enterprise were worth $8,935,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in HPE. Hilltop National Bank bought a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter worth about $35,000. Zions Bancorporation National Association UT bought a new position in Hewlett Packard Enterprise during the 1st quarter worth approximately $27,000. MorganRosel Wealth Management LLC acquired a new position in shares of Hewlett Packard Enterprise in the 1st quarter worth approximately $31,000. Transce3nd LLC increased its holdings in shares of Hewlett Packard Enterprise by 2,937.2% in the 1st quarter. Transce3nd LLC now owns 2,369 shares of the technology company’s stock valued at $37,000 after acquiring an additional 2,291 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at approximately $41,000. 80.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, Director Gary M. Reiner sold 40,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $24.58, for a total transaction 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. The trade was a 32.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maeve C. Culloty sold 3,738 shares of the company’s stock in a transaction dated 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. In the last ninety days, insiders sold 543,738 shares of company stock valued at $12,922,932. 0.36% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $22.00 to $28.00 in a research note on Thursday, August 21st. Zacks Research cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Barclays upped their target price on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Sanford C. Bernstein began coverage on Hewlett Packard Enterprise in a report on Tuesday, September 16th. They issued a “market perform” rating and a $24.00 price target on the stock. Finally, Wells Fargo & Company upped their price objective on 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. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus target price of $25.41.

Hewlett Packard Enterprise Trading Up 1.4%

NYSE:HPE opened at $23.51 on Friday. The stock has a market cap of $31.01 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 1.74 and a beta of 1.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. Hewlett Packard Enterprise Company has a 1 year low of $11.97 and a 1 year high of $26.44. The business has a fifty day moving average of $23.81 and a 200-day moving average of $20.25.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates 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 revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the previous year, the company 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. Equities analysts predict 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 announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders 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 2.2%. The ex-dividend date was Thursday, September 18th. Hewlett Packard Enterprise’s dividend payout ratio is 63.41%.

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.