Brighton Jones LLC Buys 4,483 Shares of Hewlett Packard Enterprise Company $HPE

Brighton Jones LLC boosted its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 21.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,131 shares of the technology company’s stock after acquiring an additional 4,483 shares during the quarter. Brighton Jones LLC’s holdings in Hewlett Packard Enterprise were worth $514,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Shell Asset Management Co. boosted its position in shares of Hewlett Packard Enterprise by 42.4% during the second quarter. Shell Asset Management Co. now owns 116,797 shares of the technology company’s stock valued at $2,388,000 after buying an additional 34,801 shares during the period. Strs Ohio purchased a new position in shares of Hewlett Packard Enterprise during the first quarter valued at approximately $15,663,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Hewlett Packard Enterprise by 22.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,320 shares of the technology company’s stock valued at $2,421,000 after buying an additional 28,123 shares during the period. Signal Advisors Wealth LLC purchased a new position in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $300,000. Finally, Forum Financial Management LP boosted its position in shares of Hewlett Packard Enterprise by 48.3% during the second quarter. Forum Financial Management LP now owns 33,357 shares of the technology company’s stock valued at $682,000 after buying an additional 10,864 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on HPE. UBS Group boosted their target price on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, October 8th. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $22.00 to $28.00 in a report on Thursday, August 21st. Wells Fargo & Company boosted their price target on Hewlett Packard Enterprise from $22.00 to $26.00 and gave the company an “equal weight” rating in a report on Thursday, September 4th. Finally, Barclays boosted their price target on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Hold” and an average price target of $25.41.

Hewlett Packard Enterprise Stock Up 0.1%

Hewlett Packard Enterprise stock opened at $24.27 on Thursday. The business has a fifty day moving average of $23.98 and a two-hundred day moving average of $20.50. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. The firm has a market cap of $32.02 billion, a P/E ratio of 29.60, a P/E/G ratio of 1.80 and a beta of 1.45. Hewlett Packard Enterprise Company has a twelve month low of $11.97 and a twelve month high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.09). The company had revenue of $9.14 billion for 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 firm’s quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the company 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, analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Gary M. Reiner sold 40,000 shares of the company’s 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Antonio F. Neri sold 166,666 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $25.03, for a total value of $4,171,649.98. Following the transaction, the chief executive officer directly owned 1,585,726 shares in the company, valued at approximately $39,690,721.78. The trade was a 9.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 543,738 shares of company stock worth $12,922,932 over the last 90 days. Company insiders own 0.36% of the company’s stock.

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.