PDS Planning Inc Boosts Stake in Hewlett Packard Enterprise Company $HPE

PDS Planning Inc lifted its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 7.9% during the second quarter, Holdings Channel reports. The fund owned 14,156 shares of the technology company’s stock after purchasing an additional 1,042 shares during the quarter. PDS Planning Inc’s holdings in Hewlett Packard Enterprise were worth $289,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Alpine Bank Wealth Management purchased a new position in shares of Hewlett Packard Enterprise during the first quarter valued at approximately $25,000. Zions Bancorporation National Association UT purchased a new stake in Hewlett Packard Enterprise in the 1st quarter valued at about $27,000. MorganRosel Wealth Management LLC acquired a new position in shares of Hewlett Packard Enterprise during the 1st quarter valued at about $31,000. Financial Freedom LLC increased its stake in shares of Hewlett Packard Enterprise by 76.7% during the 1st quarter. Financial Freedom LLC now owns 2,197 shares of the technology company’s stock valued at $34,000 after acquiring an additional 954 shares during the last quarter. Finally, Hilltop National Bank purchased a new position in shares of Hewlett Packard Enterprise during the 2nd quarter worth about $35,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Trading Down 7.0%

NYSE HPE opened at $24.42 on Monday. The company’s fifty day moving average price is $23.22 and its two-hundred day moving average price is $19.64. The company has a market capitalization of $32.23 billion, a price-to-earnings ratio of 29.79, a price-to-earnings-growth ratio of 2.55 and a beta of 1.45. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $26.44. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69.

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 company 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% compared to the same quarter last year. During the same quarter last year, the company posted $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. As a group, research analysts predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

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

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Maeve C. Culloty sold 3,738 shares of the stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total transaction of $93,898.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Gary M. Reiner sold 40,000 shares of the firm’s 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 completion of the transaction, the director owned 83,869 shares in the company, valued at approximately $2,061,500.02. The trade was a 32.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 543,738 shares of company stock valued at $12,922,932. Corporate insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HPE shares. Raymond James Financial lifted their target price on Hewlett Packard Enterprise from $29.00 to $30.00 and gave the company a “strong-buy” rating in a report on Thursday, September 4th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $22.00 to $28.00 in a research report on Thursday, August 21st. Sanford C. Bernstein started coverage on Hewlett Packard Enterprise in a report on Tuesday, September 16th. They issued a “market perform” rating and a $24.00 price target for the company. JPMorgan Chase & Co. started coverage on Hewlett Packard Enterprise in a research note on Thursday, July 17th. They set an “overweight” rating and a $30.00 price objective on the stock. Finally, Wolfe Research assumed coverage on Hewlett Packard Enterprise in a research note on Tuesday, July 8th. They issued a “peer perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $25.06.

Hewlett Packard Enterprise 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.