South Dakota Investment Council Buys New Stake in Hewlett Packard Enterprise Company $HPE

South Dakota Investment Council bought a new stake in Hewlett Packard Enterprise Company (NYSE:HPE) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 64,200 shares of the technology company’s stock, valued at approximately $1,313,000.

Other large investors also recently added to or reduced their stakes in the company. CVA Family Office LLC boosted its holdings in Hewlett Packard Enterprise by 126.7% in the 2nd quarter. CVA Family Office LLC now owns 1,437 shares of the technology company’s stock worth $29,000 after buying an additional 803 shares during the last quarter. Hantz Financial Services Inc. raised its position in shares of Hewlett Packard Enterprise by 74.4% in the second quarter. Hantz Financial Services Inc. now owns 1,611 shares of the technology company’s stock valued at $33,000 after buying an additional 687 shares during the last quarter. Hilltop National Bank purchased a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter valued at approximately $35,000. Zions Bancorporation National Association UT purchased a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at approximately $27,000. Finally, Transce3nd LLC raised its position in shares of Hewlett Packard Enterprise by 2,937.2% during the 1st quarter. Transce3nd LLC now owns 2,369 shares of the technology company’s stock valued at $37,000 after buying an additional 2,291 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HPE has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 8th. JPMorgan Chase & Co. assumed coverage on Hewlett Packard Enterprise in a research report on Thursday, July 17th. They set an “overweight” rating and a $30.00 price objective on the stock. Bank of America increased their price objective on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. Wolfe Research assumed coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They issued a “peer perform” rating on the stock. Finally, Citigroup upped their target price on Hewlett Packard Enterprise from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $25.41.

Insider Activity

In other news, Director Gary M. Reiner sold 40,000 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $24.58, for a total value of $983,200.00. Following the sale, the director directly owned 83,869 shares in the company, valued at $2,061,500.02. This represents a 32.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maeve C. Culloty sold 3,738 shares of the 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 sold 543,738 shares of company stock worth $12,922,932 in the last 90 days. 0.36% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Trading Up 0.4%

NYSE HPE opened at $24.51 on Tuesday. The stock has a market capitalization of $32.34 billion, a P/E ratio of 29.89, a P/E/G ratio of 1.81 and a beta of 1.43. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $26.44. The firm has a 50-day moving average price of $24.11 and a 200 day moving average price of $20.75. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results 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 firm 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 company’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the prior year, the company earned $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. Equities research analysts expect that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, September 18th were 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 was Thursday, September 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 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.