Global Retirement Partners LLC Makes New $815,000 Investment in Hewlett Packard Enterprise Company $HPE

Global Retirement Partners LLC acquired a new stake in Hewlett Packard Enterprise Company (NYSE:HPE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 39,832 shares of the technology company’s stock, valued at approximately $815,000.

Several other large investors have also recently added to or reduced their stakes in HPE. Vanguard Group Inc. grew its holdings in Hewlett Packard Enterprise by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 169,804,055 shares of the technology company’s stock valued at $3,472,493,000 after buying an additional 2,604,059 shares during the period. Geode Capital Management LLC grew its holdings in Hewlett Packard Enterprise by 2.2% in the second quarter. Geode Capital Management LLC now owns 34,421,976 shares of the technology company’s stock valued at $701,864,000 after purchasing an additional 724,974 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Hewlett Packard Enterprise by 15.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,584,742 shares of the technology company’s stock valued at $271,333,000 after purchasing an additional 2,373,850 shares during the period. Northern Trust Corp increased its position in Hewlett Packard Enterprise by 3.4% during the first quarter. Northern Trust Corp now owns 16,730,015 shares of the technology company’s stock worth $258,144,000 after purchasing an additional 545,775 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in Hewlett Packard Enterprise by 1,369.1% during the first quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company’s stock worth $251,192,000 after purchasing an additional 15,171,314 shares during the period. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Up 0.8%

Shares of NYSE:HPE opened at $21.52 on Friday. The company has a market capitalization of $28.40 billion, a price-to-earnings ratio of 26.25, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43. The company has a 50 day moving average of $23.55 and a two-hundred day moving average of $21.43. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $26.44. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Wednesday, September 3rd. The technology company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.09). The firm had revenue of $9.14 billion for the quarter, compared to analyst estimates of $8.77 billion. Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.The company’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 earnings per share. 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, analysts forecast 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 announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, September 18th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, September 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.4%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 63.41%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HPE. Morgan Stanley reissued an “equal weight” rating and set a $25.00 price objective (down from $28.00) on shares of Hewlett Packard Enterprise in a research note on Monday, November 17th. Piper Sandler began coverage on Hewlett Packard Enterprise in a report on Wednesday, October 22nd. They issued a “neutral” rating and a $24.00 price objective on the stock. Wells Fargo & Company boosted their target price on Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, September 4th. Evercore ISI increased their target price on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Finally, Citigroup raised their price target on shares of Hewlett Packard Enterprise from $26.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $25.24.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP Maeve C. Culloty sold 3,738 shares of the 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 owned 83,869 shares of the company’s stock, valued at approximately $2,061,500.02. This trade represents a 32.29% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 293,738 shares of company stock valued at $7,252,098. 0.36% of the stock is currently owned by insiders.

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.