Rhumbline Advisers Acquires 8,282 Shares of Hewlett Packard Enterprise Company $HPE

Rhumbline Advisers boosted its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 0.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,597,839 shares of the technology company’s stock after buying an additional 8,282 shares during the quarter. Rhumbline Advisers’ holdings in Hewlett Packard Enterprise were worth $53,126,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Mufg Securities Americas Inc. increased its holdings in shares of Hewlett Packard Enterprise by 25.2% in the 2nd quarter. Mufg Securities Americas Inc. now owns 29,113 shares of the technology company’s stock valued at $595,000 after acquiring an additional 5,864 shares during the period. AXQ Capital LP bought a new stake in Hewlett Packard Enterprise during the second quarter valued at about $1,508,000. Swiss National Bank boosted its position in Hewlett Packard Enterprise by 7.2% during the second quarter. Swiss National Bank now owns 3,976,300 shares of the technology company’s stock valued at $81,315,000 after purchasing an additional 266,600 shares in the last quarter. Main Management ETF Advisors LLC grew its stake in Hewlett Packard Enterprise by 1.6% in the second quarter. Main Management ETF Advisors LLC now owns 81,339 shares of the technology company’s stock valued at $1,663,000 after purchasing an additional 1,320 shares during the last quarter. Finally, GDS Wealth Management raised its holdings in Hewlett Packard Enterprise by 28.4% in the second quarter. GDS Wealth Management now owns 1,021,600 shares of the technology company’s stock worth $20,892,000 after purchasing an additional 226,216 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Insider Activity at Hewlett Packard Enterprise

In related news, CEO Antonio F. Neri sold 166,666 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $25.03, for a total value of $4,171,649.98. Following the transaction, the chief executive officer owned 1,585,726 shares in the company, valued at approximately $39,690,721.78. This represents a 9.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 is available in the SEC filing. Insiders have sold a total of 377,072 shares of company stock worth $9,169,613 over the last quarter. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $21.09 on Tuesday. 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 company’s fifty day moving average price is $23.75 and its 200-day moving average price is $21.40. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $26.44. The firm has a market capitalization of $27.82 billion, a PE ratio of 25.72, a price-to-earnings-growth ratio of 0.83 and a beta of 1.43.

Hewlett Packard Enterprise (NYSE:HPE) last issued its 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). The firm had revenue of $9.14 billion during the quarter, compared to analysts’ expectations 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 was up 19.8% on a year-over-year basis. During the same quarter last year, the business 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. On average, equities research analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 18th were given a $0.13 dividend. The ex-dividend date was Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.5%. Hewlett Packard Enterprise’s dividend payout ratio is currently 63.41%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Susquehanna raised their price target on shares of Hewlett Packard Enterprise from $16.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, September 4th. Wells Fargo & Company increased their target price on shares of Hewlett Packard Enterprise from $22.00 to $26.00 and gave the company an “equal weight” rating in a research report on Thursday, September 4th. Piper Sandler initiated 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. Citigroup increased their price objective on Hewlett Packard Enterprise from $26.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 6th. Finally, Raymond James Financial boosted their target price on Hewlett Packard Enterprise from $29.00 to $30.00 and gave the stock a “strong-buy” rating in a research note on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $25.24.

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.