Hewlett Packard Enterprise Company $HPE Shares Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC increased its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 27.0% in the second quarter, Holdings Channel reports. The firm owned 69,976 shares of the technology company’s stock after purchasing an additional 14,875 shares during the period. Wealthfront Advisers LLC’s holdings in Hewlett Packard Enterprise were worth $1,431,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Shell Asset Management Co. lifted its stake in Hewlett Packard Enterprise by 42.4% during the 2nd quarter. Shell Asset Management Co. now owns 116,797 shares of the technology company’s stock valued at $2,388,000 after acquiring an additional 34,801 shares during the period. Strs Ohio acquired a new stake in Hewlett Packard Enterprise during the 1st quarter valued at approximately $15,663,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Hewlett Packard Enterprise by 22.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,320 shares of the technology company’s stock valued at $2,421,000 after acquiring an additional 28,123 shares during the period. Signal Advisors Wealth LLC acquired a new stake in Hewlett Packard Enterprise during the 2nd quarter valued at approximately $300,000. Finally, Forum Financial Management LP lifted its stake in Hewlett Packard Enterprise by 48.3% during the 2nd quarter. Forum Financial Management LP now owns 33,357 shares of the technology company’s stock valued at $682,000 after acquiring an additional 10,864 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Gary M. Reiner sold 40,000 shares of the company’s stock in a transaction dated 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 owned 83,869 shares in the company, valued at $2,061,500.02. This represents a 32.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Antonio F. Neri sold 166,666 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $22.52, for a total transaction of $3,753,318.32. Following the transaction, the chief executive officer owned 1,919,060 shares of the company’s stock, valued at approximately $43,217,231.20. This trade represents a 7.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 543,738 shares of company stock worth $12,922,932 in the last 90 days. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

HPE opened at $24.39 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69. The firm has a fifty day moving average price of $24.03 and a 200 day moving average price of $20.53. Hewlett Packard Enterprise Company has a 1 year low of $11.97 and a 1 year high of $26.44. The stock has a market cap of $32.18 billion, a P/E ratio of 29.74, a P/E/G ratio of 1.80 and a beta of 1.45.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.09). The firm had revenue of $9.14 billion during the quarter, compared to analyst estimates of $8.77 billion. Hewlett Packard Enterprise had a net margin of 3.77% and a return on equity of 9.01%. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share. 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 anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have commented on HPE shares. Evercore ISI lifted their price objective on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. UBS Group lifted their price objective on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Sanford C. Bernstein started coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, September 16th. They set a “market perform” rating and a $24.00 price objective for the company. Bank of America lifted their price objective on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. Finally, Zacks Research cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $25.41.

Hewlett Packard Enterprise Company Profile

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.