Claret Asset Management Corp Acquires New Stake in Hewlett Packard Enterprise Company $HPE

Claret Asset Management Corp bought a new position in Hewlett Packard Enterprise Company (NYSE:HPE) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,634 shares of the technology company’s stock, valued at approximately $258,000.

Other hedge funds have also recently made changes to their positions in the company. Avantax Advisory Services Inc. grew its stake in shares of Hewlett Packard Enterprise by 3.9% during the 1st quarter. Avantax Advisory Services Inc. now owns 49,993 shares of the technology company’s stock worth $771,000 after acquiring an additional 1,864 shares during the period. Cetera Investment Advisers lifted its holdings in Hewlett Packard Enterprise by 14.8% during the first quarter. Cetera Investment Advisers now owns 178,470 shares of the technology company’s stock valued at $2,754,000 after purchasing an additional 23,016 shares during the last quarter. Arkadios Wealth Advisors bought a new position in Hewlett Packard Enterprise during the first quarter worth about $354,000. Blueshift Asset Management LLC purchased a new position in shares of Hewlett Packard Enterprise in the first quarter worth about $241,000. Finally, Banco Santander S.A. raised its position in shares of Hewlett Packard Enterprise by 16.6% in the first quarter. Banco Santander S.A. now owns 11,597 shares of the technology company’s stock valued at $179,000 after purchasing an additional 1,647 shares during the period. 80.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HPE shares. Susquehanna raised their price objective 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. Zacks Research downgraded Hewlett Packard Enterprise from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Barclays raised their price target on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Citigroup boosted their price objective on Hewlett Packard Enterprise from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Finally, Evercore ISI increased their price objective on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $25.24.

Hewlett Packard Enterprise Stock Up 1.6%

HPE opened at $21.88 on Monday. The firm has a market capitalization of $28.86 billion, a P/E ratio of 26.68, a price-to-earnings-growth ratio of 0.88 and a beta of 1.34. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $26.44. The company has a fifty day moving average price of $23.49 and a 200-day moving average price of $21.51. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Wednesday, September 3rd. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.09). Hewlett Packard Enterprise had a net margin of 3.77% and a return on equity of 9.01%. The business had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.77 billion. During the same period in the prior year, the business posted $0.50 EPS. Hewlett Packard Enterprise’s quarterly 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 research analysts expect that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders 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 2.4%. Hewlett Packard Enterprise’s payout ratio is presently 63.41%.

Insider Buying and Selling

In related news, Director Gary M. Reiner sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $24.58, for a total value 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 trade represents a 32.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Maeve C. Culloty sold 3,738 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total transaction of $93,898.56. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 293,738 shares of company stock worth $7,252,098. Insiders own 0.36% of the company’s stock.

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.