Argonautica Private Wealth Management Inc. Sells 2,796 Shares of Hewlett Packard Enterprise Company $HPE

Argonautica Private Wealth Management Inc. lessened its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 7.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,337 shares of the technology company’s stock after selling 2,796 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in Hewlett Packard Enterprise were worth $723,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alpine Bank Wealth Management bought a new stake in Hewlett Packard Enterprise during the 1st quarter valued at $25,000. Hilltop National Bank purchased a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at about $35,000. Zions Bancorporation National Association UT purchased a new stake in shares of Hewlett Packard Enterprise in the first quarter valued at about $27,000. MorganRosel Wealth Management LLC purchased a new stake in shares of Hewlett Packard Enterprise in the first quarter valued at about $31,000. Finally, Transce3nd LLC raised its holdings in shares of Hewlett Packard Enterprise by 2,937.2% in 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 last quarter. Institutional investors own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

HPE has been the subject of several analyst reports. Wells Fargo & Company increased their target price on shares of Hewlett Packard Enterprise from $22.00 to $26.00 and gave the company an “equal weight” rating in a report on Thursday, September 4th. Zacks Research downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Raymond James Financial increased their target price on shares of Hewlett Packard Enterprise from $29.00 to $30.00 and gave the company a “strong-buy” rating in a report on Thursday, September 4th. Sanford C. Bernstein initiated 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 price target for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 8th. One investment 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.50.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 40,000 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Maeve C. Culloty sold 3,738 shares of the company’s stock in a transaction dated 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 can be found here. Insiders have sold a total of 543,738 shares of company stock valued at $12,922,932 over the last three months. 0.36% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Price Performance

HPE opened at $23.27 on Wednesday. The firm has a market cap of $30.71 billion, a P/E ratio of 28.38, a PEG ratio of 1.70 and a beta of 1.45. The firm has a 50-day moving average of $23.69 and a 200 day moving average of $20.03. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly 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). The company had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.77 billion. Hewlett Packard Enterprise had a net margin of 3.77% and a return on equity of 9.01%. Hewlett Packard Enterprise’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter 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. On average, research analysts expect that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed 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 of this dividend was Thursday, September 18th. This represents a $0.52 annualized dividend and a yield of 2.2%. Hewlett Packard Enterprise’s dividend payout ratio is 63.41%.

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.