Forum Financial Management LP Raises Stake in Hewlett Packard Enterprise Company $HPE

Forum Financial Management LP raised its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 48.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,357 shares of the technology company’s stock after buying an additional 10,864 shares during the quarter. Forum Financial Management LP’s holdings in Hewlett Packard Enterprise were worth $682,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Ethic Inc. grew its holdings in shares of Hewlett Packard Enterprise by 5.0% during the 2nd quarter. Ethic Inc. now owns 228,881 shares of the technology company’s stock worth $4,681,000 after purchasing an additional 10,802 shares during the period. Benin Management CORP grew its holdings in shares of Hewlett Packard Enterprise by 7.4% during the 2nd quarter. Benin Management CORP now owns 45,714 shares of the technology company’s stock worth $935,000 after purchasing an additional 3,160 shares during the period. Brookstone Capital Management grew its holdings in shares of Hewlett Packard Enterprise by 363.6% during the 2nd quarter. Brookstone Capital Management now owns 89,497 shares of the technology company’s stock worth $1,830,000 after purchasing an additional 70,193 shares during the period. BTS Asset Management Inc. purchased a new position in shares of Hewlett Packard Enterprise during the 2nd quarter worth $236,000. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of Hewlett Packard Enterprise by 2.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,032,693 shares of the technology company’s stock worth $21,918,000 after purchasing an additional 26,395 shares during the period. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 40,000 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $24.58, for a total value 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Antonio F. Neri sold 166,666 shares of the stock in a transaction dated 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 in the company, valued at $39,690,721.78. This represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 543,738 shares of company stock valued at $12,922,932 in the last quarter. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. 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 report on Thursday, September 4th. The Goldman Sachs Group increased their price target on Hewlett Packard Enterprise from $27.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Zacks Research cut Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Wolfe Research began coverage on Hewlett Packard Enterprise in a research note on Tuesday, July 8th. They set a “peer perform” rating on the stock. Finally, Evercore ISI increased their target price on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $25.41.

Hewlett Packard Enterprise Price Performance

HPE opened at $23.51 on Friday. The stock’s 50-day moving average price is $23.81 and its 200 day moving average price is $20.20. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $26.44. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. The firm has a market cap of $31.01 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 1.72 and a beta of 1.45.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results 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). The company 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%. Hewlett Packard Enterprise’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the prior year, the business earned $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. As a group, sell-side analysts expect that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 18th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.2%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 63.41%.

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.