Syverson Strege & Co Makes New Investment in Hewlett Packard Enterprise Company $HPE

Syverson Strege & Co bought a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 9,815 shares of the technology company’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Hewlett Packard Enterprise by 7.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 86,215 shares of the technology company’s stock valued at $1,348,000 after buying an additional 6,269 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Hewlett Packard Enterprise by 4.2% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 148,865 shares of the technology company’s stock valued at $2,297,000 after buying an additional 6,030 shares in the last quarter. Pinnacle Financial Partners Inc boosted its holdings in shares of Hewlett Packard Enterprise by 6.9% in the 1st quarter. Pinnacle Financial Partners Inc now owns 11,541 shares of the technology company’s stock valued at $178,000 after buying an additional 746 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Hewlett Packard Enterprise by 1.4% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 112,877 shares of the technology company’s stock valued at $1,742,000 after buying an additional 1,570 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 7.1% in the 1st quarter. Principal Financial Group Inc. now owns 1,660,223 shares of the technology company’s stock valued at $25,617,000 after buying an additional 110,675 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Stock Up 0.1%

HPE stock opened at $24.42 on Friday. The firm has a 50 day moving average of $24.07 and a 200 day moving average of $20.64. The stock has a market capitalization of $32.22 billion, a PE ratio of 29.78, a price-to-earnings-growth ratio of 1.81 and a beta of 1.45. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $8.77 billion. During the same period in the prior year, the business posted $0.50 earnings per share. The business’s quarterly revenue 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. Sell-side analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, September 18th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, September 18th. Hewlett Packard Enterprise’s payout ratio is 63.41%.

Wall Street Analyst Weigh In

HPE has been the topic of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Sunday, July 13th. Piper Sandler assumed coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, October 22nd. They issued a “neutral” rating and a $24.00 price target on the stock. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $22.00 to $28.00 in a research note on Thursday, August 21st. Finally, Evercore ISI lifted their target price on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $25.41.

Insider Activity

In other 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 transaction of $983,200.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 is available in the SEC filing. Insiders sold a total of 543,738 shares of company stock valued at $12,922,932 in the last three months. 0.36% of the stock is currently owned by corporate 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.