Beverly Hills Private Wealth LLC Sells 1,270 Shares of Hewlett Packard Enterprise Company $HPE

Beverly Hills Private Wealth LLC lowered its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 5.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,337 shares of the technology company’s stock after selling 1,270 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Hewlett Packard Enterprise were worth $457,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Benson Investment Management Company Inc. increased its stake in shares of Hewlett Packard Enterprise by 0.3% during the second quarter. Benson Investment Management Company Inc. now owns 227,291 shares of the technology company’s stock worth $4,648,000 after purchasing an additional 650 shares during the period. Louisiana State Employees Retirement System increased its stake 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 period. Pinnacle Financial Partners Inc increased its stake 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 period. Larson Financial Group LLC increased its stake 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 period. Finally, Dynasty Wealth Management LLC increased its stake 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 period. Institutional investors own 80.78% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HPE. Barclays increased their price target on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Raymond James Financial increased their price target on Hewlett Packard Enterprise from $29.00 to $30.00 and gave the stock a “strong-buy” rating in a research report on Thursday, September 4th. Citigroup increased their price target on Hewlett Packard Enterprise from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Wells Fargo & Company increased their price target on Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 4th. Finally, JPMorgan Chase & Co. began coverage on Hewlett Packard Enterprise in a research report on Thursday, July 17th. They set an “overweight” rating and a $30.00 price target on the stock. One equities research 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 company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $25.50.

Hewlett Packard Enterprise Trading Down 0.5%

Shares of HPE stock opened at $22.85 on Tuesday. The stock’s fifty day moving average price is $23.65 and its two-hundred day moving average price is $20.01. The company has a market cap of $30.15 billion, a PE ratio of 27.87, a P/E/G ratio of 1.70 and a beta of 1.45. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $26.44. 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 (NYSE:HPE) last issued its 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 net margin of 3.77% and a return on equity of 9.01%. The company’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the prior year, the business 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. Equities analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors 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 dividend yield of 2.3%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 63.41%.

Insider Activity at Hewlett Packard Enterprise

In related news, Director Gary M. Reiner sold 40,000 shares of the firm’s stock in a transaction on 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 owned 83,869 shares of the company’s stock, valued at $2,061,500.02. This trade represents a 32.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Maeve C. Culloty sold 3,738 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total value 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 in the last 90 days. 0.36% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Company 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.