Peterson Wealth Services Sells 869 Shares of Hewlett Packard Enterprise Company $HPE

Peterson Wealth Services lessened its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 8.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,116 shares of the technology company’s stock after selling 869 shares during the period. Peterson Wealth Services’ holdings in Hewlett Packard Enterprise were worth $186,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Hewlett Packard Enterprise by 14.4% in the 1st quarter. GAMMA Investing LLC now owns 17,760 shares of the technology company’s stock valued at $274,000 after purchasing an additional 2,239 shares during the period. Asset Management One Co. Ltd. grew its position in shares of Hewlett Packard Enterprise by 5.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 534,876 shares of the technology company’s stock valued at $8,253,000 after acquiring an additional 25,342 shares during the period. Chevy Chase Trust Holdings LLC grew its holdings in Hewlett Packard Enterprise by 1.1% during the first quarter. Chevy Chase Trust Holdings LLC now owns 691,073 shares of the technology company’s stock valued at $10,663,000 after purchasing an additional 7,590 shares during the period. International Assets Investment Management LLC increased its holdings in Hewlett Packard Enterprise by 106.4% in the 1st quarter. International Assets Investment Management LLC now owns 33,432 shares of the technology company’s stock worth $516,000 after acquiring an additional 17,232 shares during the last quarter. Finally, Spire Wealth Management raised its position in shares of Hewlett Packard Enterprise by 361.0% in the first quarter. Spire Wealth Management now owns 11,480 shares of the technology company’s stock valued at $177,000 after purchasing an additional 8,990 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Up 1.4%

NYSE HPE opened at $23.51 on Friday. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $26.44. The stock has a market cap of $31.01 billion, a P/E ratio of 28.67, a P/E/G ratio of 1.72 and a beta of 1.45. The stock’s fifty day moving average price is $23.81 and its 200-day moving average price is $20.20. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data 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 business had revenue of $9.14 billion during the quarter, compared to the consensus estimate 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 was up 19.8% compared to the same quarter last year. During the same period last year, the company posted $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. As a group, equities analysts forecast that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 18th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.2%. Hewlett Packard Enterprise’s payout ratio is presently 63.41%.

Analyst Ratings Changes

Several research analysts have commented on the company. Zacks Research downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Wolfe Research initiated coverage on Hewlett Packard Enterprise in a research note on Tuesday, July 8th. They issued a “peer perform” rating on the stock. Bank of America lifted their price target on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $22.00 to $28.00 in a report on Thursday, August 21st. Finally, Wells Fargo & Company boosted their price objective 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. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $25.41.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 166,666 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $22.52, for a total value of $3,753,318.32. Following the completion of the transaction, the chief executive officer directly owned 1,919,060 shares in the company, valued at $43,217,231.20. This represents a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Maeve C. Culloty sold 3,738 shares of the firm’s 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 disclosure for this sale can be found here. Insiders have sold 543,738 shares of company stock worth $12,922,932 in the last quarter. Company insiders own 0.36% of the company’s stock.

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.