Focus Partners Advisor Solutions LLC Sells 1,749 Shares of Hewlett Packard Enterprise Company $HPE

Focus Partners Advisor Solutions LLC reduced its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 4.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,555 shares of the technology company’s stock after selling 1,749 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Hewlett Packard Enterprise were worth $806,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Shell Asset Management Co. grew its stake in Hewlett Packard Enterprise by 42.4% in the second quarter. Shell Asset Management Co. now owns 116,797 shares of the technology company’s stock valued at $2,388,000 after acquiring an additional 34,801 shares during the period. Strs Ohio acquired a new stake in Hewlett Packard Enterprise in the first quarter valued at approximately $15,663,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Hewlett Packard Enterprise by 22.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,320 shares of the technology company’s stock valued at $2,421,000 after acquiring an additional 28,123 shares during the period. Signal Advisors Wealth LLC acquired a new stake in Hewlett Packard Enterprise in the second quarter valued at approximately $300,000. Finally, Forum Financial Management LP grew its stake in Hewlett Packard Enterprise by 48.3% in the second quarter. Forum Financial Management LP now owns 33,357 shares of the technology company’s stock valued at $682,000 after acquiring an additional 10,864 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Buying and Selling

In related news, CEO Antonio F. Neri sold 166,666 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $22.52, for a total transaction of $3,753,318.32. Following the completion of the transaction, the chief executive officer directly owned 1,919,060 shares in the company, valued at $43,217,231.20. The trade was a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maeve C. Culloty sold 3,738 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total value of $93,898.56. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 543,738 shares of company stock worth $12,922,932 over the last ninety days. 0.36% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $24.28 on Wednesday. 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 52-week low of $11.97 and a 52-week high of $26.44. The firm has a market cap of $32.03 billion, a price-to-earnings ratio of 29.60, a PEG ratio of 1.79 and a beta of 1.45. The business’s fifty day moving average is $23.91 and its 200 day moving average is $20.43.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Wednesday, September 3rd. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.77 billion. During the same quarter in the previous year, the firm posted $0.50 earnings per share. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. Research analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 18th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.1%. The ex-dividend date was Thursday, September 18th. Hewlett Packard Enterprise’s payout ratio is presently 63.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on HPE shares. Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $22.00 to $28.00 in a research note on Thursday, August 21st. Raymond James Financial lifted 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. UBS Group lifted their target price on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Deutsche Bank Aktiengesellschaft lifted their target price on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Finally, Citigroup lifted their target price on Hewlett Packard Enterprise from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and an average target price of $25.41.

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.