New York Life Investment Management LLC Acquires 2,526 Shares of Hewlett Packard Enterprise Company $HPE

New York Life Investment Management LLC lifted its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 1.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 199,625 shares of the technology company’s stock after acquiring an additional 2,526 shares during the period. New York Life Investment Management LLC’s holdings in Hewlett Packard Enterprise were worth $4,082,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Benson Investment Management Company Inc. boosted its stake in shares of Hewlett Packard Enterprise by 0.3% in the second quarter. Benson Investment Management Company Inc. now owns 227,291 shares of the technology company’s stock worth $4,648,000 after acquiring an additional 650 shares during the period. Louisiana State Employees Retirement System grew its position 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 valued at $1,089,000 after purchasing an additional 700 shares in the last quarter. Pinnacle Financial Partners Inc grew its position 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 valued at $178,000 after purchasing an additional 746 shares in the last quarter. Larson Financial Group LLC grew its position 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 valued at $83,000 after purchasing an additional 769 shares in the last quarter. Finally, CVA Family Office LLC grew its holdings in Hewlett Packard Enterprise by 126.7% during the 2nd quarter. CVA Family Office LLC now owns 1,437 shares of the technology company’s stock valued at $29,000 after buying an additional 803 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock opened at $24.39 on Friday. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-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. The firm has a market capitalization of $32.18 billion, a P/E ratio of 29.74, a P/E/G ratio of 1.80 and a beta of 1.45. The stock has a 50 day moving average price of $24.03 and a 200 day moving average price of $20.53.

Hewlett Packard Enterprise (NYSE:HPE) last issued 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). Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.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 earnings per share. Hewlett Packard Enterprise’s 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. As a group, sell-side analysts predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 18th were given a dividend of $0.13 per share. 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 2.1%. Hewlett Packard Enterprise’s payout ratio is 63.41%.

Analyst Ratings Changes

HPE has been the subject of several research analyst reports. Evercore ISI raised their price target on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Susquehanna raised their price target on Hewlett Packard Enterprise from $16.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, September 4th. Barclays raised their price target on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Weiss Ratings restated a “hold (c)” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group raised their price target on Hewlett Packard Enterprise from $27.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $25.41.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 166,666 shares of Hewlett Packard Enterprise stock in a transaction on Friday, September 12th. The stock was sold at an average price of $25.03, for a total transaction of $4,171,649.98. Following the completion of the sale, the chief executive officer directly owned 1,585,726 shares of the company’s stock, valued at $39,690,721.78. The trade was a 9.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gary M. Reiner sold 40,000 shares of Hewlett Packard Enterprise stock in a transaction 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 approximately $2,061,500.02. This trade represents a 32.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 543,738 shares of company stock valued at $12,922,932 in the last ninety days. Corporate insiders own 0.36% of the company’s stock.

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.