Hewlett Packard Enterprise Company $HPE Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC reduced its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 16.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,222 shares of the technology company’s stock after selling 3,306 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $352,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Farther Finance Advisors LLC lifted its stake in shares of Hewlett Packard Enterprise by 2.3% during the first quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company’s stock worth $492,000 after buying an additional 699 shares during the period. Louisiana State Employees Retirement System raised its holdings in shares of Hewlett Packard Enterprise by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 70,600 shares of the technology company’s stock worth $1,089,000 after purchasing an additional 700 shares during the last quarter. Pinnacle Financial Partners Inc raised its holdings in shares of Hewlett Packard Enterprise by 6.9% during the first quarter. Pinnacle Financial Partners Inc now owns 11,541 shares of the technology company’s stock worth $178,000 after purchasing an additional 746 shares during the last quarter. Larson Financial Group LLC raised its holdings 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 during the last quarter. Finally, Dynasty Wealth Management LLC raised its holdings in shares of Hewlett Packard Enterprise by 2.8% during the first quarter. Dynasty Wealth Management LLC now owns 33,907 shares of the technology company’s stock worth $523,000 after purchasing an additional 925 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 166,666 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $25.03, for a total transaction of $4,171,649.98. Following the completion of the sale, the chief executive officer owned 1,585,726 shares of the company’s stock, valued at $39,690,721.78. The trade was a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gary M. Reiner sold 40,000 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $24.58, for a total transaction of $983,200.00. Following the sale, the director directly owned 83,869 shares of the company’s stock, valued at $2,061,500.02. This represents a 32.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 543,738 shares of company stock valued at $12,922,932 over the last 90 days. Corporate insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

HPE has been the subject of several recent research reports. JPMorgan Chase & Co. initiated coverage on shares of Hewlett Packard Enterprise in a report on Thursday, July 17th. They set an “overweight” rating and a $30.00 target price for the company. Susquehanna raised their target price on shares of Hewlett Packard Enterprise from $16.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, September 4th. Sanford C. Bernstein initiated coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, September 16th. They set a “market perform” rating and a $24.00 target price for the company. The Goldman Sachs Group raised their target price on shares of Hewlett Packard Enterprise from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. Finally, UBS Group upped their price objective on shares of Hewlett Packard Enterprise from $18.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $25.06.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $24.42 on Friday. The stock has a market capitalization of $32.23 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 2.55 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. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. The stock has a 50-day moving average of $23.22 and a 200 day moving average of $19.61.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly 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 business had revenue of $9.14 billion during the quarter, compared to analyst estimates of $8.77 billion. Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the previous year, the company posted $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. Sell-side analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

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