Kestra Advisory Services LLC Acquires 10,945 Shares of Hewlett Packard Enterprise Company $HPE

Kestra Advisory Services LLC increased its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE – Free Report) by 13.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 92,083 shares of the technology company’s stock after purchasing an additional 10,945 shares during the period. Kestra Advisory Services LLC’s holdings in Hewlett Packard Enterprise were worth $5,883,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Irenic Capital Management LP bought a new position in shares of Hewlett Packard Enterprise during the 1st quarter worth about $18,691,000. Gunderson Capital Management LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $15,409,000. Generate Investment Management Ltd bought a new stake in Hewlett Packard Enterprise in the 3rd quarter valued at about $19,340,000. Sanders Morris Harris LLC bought a new stake in Hewlett Packard Enterprise in the 3rd quarter valued at about $1,661,000. Finally, Parkway Wealth Management Group LLC raised its stake in Hewlett Packard Enterprise by 36.7% during the 3rd quarter. Parkway Wealth Management Group LLC now owns 110,121 shares of the technology company’s stock worth $7,036,000 after buying an additional 29,551 shares during the period. 80.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HPE has been the subject of a number of research reports. Morgan Stanley raised their price objective on Hewlett Packard Enterprise from $67.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, October 1st. Evercore upped their target price on Hewlett Packard Enterprise from $65.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, October 1st. Zacks Research upgraded Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a report on Friday, September 4th. JPMorgan Chase & Co. increased their target price on Hewlett Packard Enterprise from $68.00 to $70.00 in a report on Tuesday, August 25th. Finally, The Goldman Sachs Group boosted their price target on shares of Hewlett Packard Enterprise from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $65.44.

Check Out Our Latest Research Report on HPE

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 250,000 shares of the stock in a transaction on Monday, October 5th. The stock was sold at an average price of $68.31, for a total transaction of $17,077,500.00. Following the completion of the transaction, the chief executive officer owned 1,182,393 shares in the company, valued at approximately $80,769,265.83. This represents a 17.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary Reiner sold 17,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $56.91, for a total value of $967,470.00. Following the completion of the sale, the director directly owned 65,072 shares of the company’s stock, valued at approximately $3,703,247.52. This trade represents a 20.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 585,899 shares of company stock worth $37,270,329 over the last ninety days. 0.44% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $50.33 on Thursday. The company’s 50-day moving average is $59.00 and its 200 day moving average is $41.80. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.72 and a current ratio of 1.11. The company has a market capitalization of $66.81 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 0.31 and a beta of 1.46. Hewlett Packard Enterprise Company has a fifty-two week low of $19.84 and a fifty-two week high of $73.56.

Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last released its earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.18. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The firm had revenue of $12.21 billion for the quarter, compared to analysts’ expectations of $11.97 billion. During the same period in the previous year, the company earned $0.44 earnings per share. The company’s quarterly revenue was up 33.7% on a year-over-year basis. Hewlett Packard Enterprise has set its Q4 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 3.750-3.850 EPS. On average, equities research analysts forecast that Hewlett Packard Enterprise Company will post 3.35 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 16th. Shareholders of record on Thursday, September 17th were given a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, September 17th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 29.69%.

Hewlett Packard Enterprise Profile

(Free Report)

Hewlett Packard Enterprise (HPE) is a global information technology company that provides products and services for businesses, governments and other organizations. Its offerings span servers and computing systems, data storage, networking, hybrid cloud, artificial intelligence and edge computing. HPE sells systems such as HPE ProLiant servers and HPE Alletra storage, along with networking products through HPE Aruba Networking. Its HPE GreenLake platform provides cloud and IT services through a flexible, consumption-based model.

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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