Bleakley Financial Group LLC Raises Stake in Hewlett Packard Enterprise Company $HPE

Bleakley Financial Group LLC boosted its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 6.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 42,093 shares of the technology company’s stock after buying an additional 2,438 shares during the period. Bleakley Financial Group LLC’s holdings in Hewlett Packard Enterprise were worth $861,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Benson Investment Management Company Inc. raised its stake in shares of Hewlett Packard Enterprise by 0.3% in the 2nd quarter. Benson Investment Management Company Inc. now owns 227,291 shares of the technology company’s stock valued at $4,648,000 after acquiring an additional 650 shares during the period. Louisiana State Employees Retirement System raised its position in Hewlett Packard Enterprise by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 70,600 shares of the technology company’s stock valued at $1,089,000 after purchasing an additional 700 shares during the period. Pinnacle Financial Partners Inc raised its position in Hewlett Packard Enterprise by 6.9% in the first quarter. Pinnacle Financial Partners Inc now owns 11,541 shares of the technology company’s stock valued at $178,000 after purchasing an additional 746 shares during the period. Larson Financial Group LLC lifted its stake in shares of Hewlett Packard Enterprise by 16.7% during the first quarter. Larson Financial Group LLC now owns 5,370 shares of the technology company’s stock worth $83,000 after purchasing an additional 769 shares in the last quarter. Finally, Dynasty Wealth Management LLC boosted its position in shares of Hewlett Packard Enterprise by 2.8% in the first quarter. Dynasty Wealth Management LLC now owns 33,907 shares of the technology company’s stock worth $523,000 after buying an additional 925 shares during the period. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Citigroup boosted their price target on Hewlett Packard Enterprise from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Sanford C. Bernstein started coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, September 16th. They set a “market perform” rating and a $24.00 target price on the stock. Piper Sandler assumed coverage on shares of Hewlett Packard Enterprise in a report on Wednesday. They set a “neutral” rating and a $24.00 price target for the company. Raymond James Financial lifted their price target on shares of 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hewlett Packard Enterprise in a research report on Saturday. One equities research 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 MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $25.41.

Insider Activity

In related news, EVP Maeve C. Culloty sold 3,738 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total transaction of $93,898.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Gary M. Reiner sold 40,000 shares of Hewlett Packard Enterprise stock in a transaction on 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 directly owned 83,869 shares of the company’s stock, valued at approximately $2,061,500.02. This represents a 32.29% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 543,738 shares of company stock worth $12,922,932. 0.36% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Trading Up 1.4%

NYSE HPE opened at $23.51 on Friday. The company has a market capitalization of $31.01 billion, a price-to-earnings ratio of 28.67, a price-to-earnings-growth ratio of 1.74 and a beta of 1.45. 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 Company has a 12 month low of $11.97 and a 12 month high of $26.44. The company’s fifty day moving average price is $23.81 and its two-hundred day moving average price is $20.25.

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

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders 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 annualized dividend and a dividend yield of 2.2%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 63.41%.

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.