Wealth Alliance LLC Buys Shares of 11,726 Hewlett Packard Enterprise Company $HPE

Wealth Alliance LLC bought a new position in Hewlett Packard Enterprise Company (NYSE:HPE) in the second quarter, HoldingsChannel reports. The institutional investor bought 11,726 shares of the technology company’s stock, valued at approximately $240,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Zions Bancorporation National Association UT bought a new stake in Hewlett Packard Enterprise in the 1st quarter worth about $27,000. CVA Family Office LLC boosted its holdings in shares of Hewlett Packard Enterprise by 126.7% during the 2nd quarter. CVA Family Office LLC now owns 1,437 shares of the technology company’s stock valued at $29,000 after acquiring an additional 803 shares during the last quarter. Hantz Financial Services Inc. grew its stake 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 worth $33,000 after acquiring an additional 687 shares during the period. Hilltop National Bank purchased a new position in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $35,000. Finally, Transce3nd LLC lifted its position in Hewlett Packard Enterprise by 2,937.2% during the first quarter. Transce3nd LLC now owns 2,369 shares of the technology company’s stock valued at $37,000 after purchasing an additional 2,291 shares during the period. 80.78% of the stock is owned by institutional investors.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, EVP Maeve C. Culloty sold 3,738 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total transaction of $93,898.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Antonio F. Neri sold 166,666 shares of the 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 transaction, the chief executive officer directly owned 1,919,060 shares of the company’s stock, valued at approximately $43,217,231.20. The trade was a 7.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 543,738 shares of company stock valued at $12,922,932 in the last 90 days. Insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

HPE has been the subject of a number of research analyst reports. Barclays lifted their target price on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. The Goldman Sachs Group upped their price objective on Hewlett Packard Enterprise from $27.00 to $31.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Evercore ISI raised their target price on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Bank of America upped their price target 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. Finally, Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $22.00 to $28.00 in a report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus price target of $25.41.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE opened at $22.82 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69. The firm has a fifty day moving average price of $24.19 and a 200-day moving average price of $21.16. The stock has a market cap of $30.10 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 1.28 and a beta of 1.43. Hewlett Packard Enterprise Company has a 1 year low of $11.97 and a 1 year high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data 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). Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.The business had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $8.77 billion. During the same period last year, the company earned $0.50 EPS. The business’s revenue 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. Equities analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 18th were paid a $0.13 dividend. The ex-dividend date was Thursday, September 18th. This represents a $0.52 annualized dividend and a yield of 2.3%. Hewlett Packard Enterprise’s payout ratio 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.