Atria Wealth Solutions Inc. Sells 13,531 Shares of Hewlett Packard Enterprise Company $HPE

Atria Wealth Solutions Inc. cut its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 43.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,422 shares of the technology company’s stock after selling 13,531 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Hewlett Packard Enterprise were worth $358,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HPE. GAMMA Investing LLC boosted its stake in Hewlett Packard Enterprise by 14.4% in the 1st quarter. GAMMA Investing LLC now owns 17,760 shares of the technology company’s stock valued at $274,000 after purchasing an additional 2,239 shares during the period. Exchange Traded Concepts LLC lifted its position in shares of Hewlett Packard Enterprise by 21.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 14,108 shares of the technology company’s stock valued at $218,000 after acquiring an additional 2,466 shares during the period. Johnson Investment Counsel Inc. bought a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at $157,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at $589,000. Finally, Jmac Enterprises LLC bought a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at $312,000. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Trading Down 0.5%

Shares of HPE stock opened at $22.85 on Tuesday. The stock has a 50-day moving average of $23.65 and a 200-day moving average of $20.01. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $26.44. The stock has a market cap of $30.15 billion, a price-to-earnings ratio of 27.87, a PEG ratio of 1.70 and a beta of 1.45. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Wednesday, September 3rd. The technology company reported $0.35 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $8.77 billion. During the same period in the prior year, the business earned $0.50 EPS. The company’s revenue for the quarter 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. On average, equities research analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 18th were paid 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 2.3%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 63.41%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, EVP Maeve C. Culloty sold 3,738 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total value of $93,898.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Antonio F. Neri sold 166,666 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $25.03, for a total value of $4,171,649.98. Following the completion of the sale, the chief executive officer directly owned 1,585,726 shares of the company’s stock, valued at $39,690,721.78. This trade represents a 9.51% 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. Company insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Bank of America upped their target price on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. JPMorgan Chase & Co. started coverage on Hewlett Packard Enterprise in a research report on Thursday, July 17th. They set an “overweight” rating and a $30.00 price objective for the company. Sanford C. Bernstein began coverage on Hewlett Packard Enterprise in a research report on Tuesday, September 16th. They set a “market perform” rating and a $24.00 price objective for the company. Raymond James Financial increased their target price on Hewlett Packard Enterprise from $29.00 to $30.00 and gave the company a “strong-buy” rating in a research report on Thursday, September 4th. Finally, Evercore ISI increased their target price on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $25.50.

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.