Parcion Private Wealth LLC Sells 622 Shares of Hewlett Packard Enterprise Company $HPE

Parcion Private Wealth LLC reduced its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 5.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,021 shares of the technology company’s stock after selling 622 shares during the period. Parcion Private Wealth LLC’s holdings in Hewlett Packard Enterprise were worth $205,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in HPE. GAMMA Investing LLC lifted its position in shares of Hewlett Packard Enterprise by 14.4% during the first quarter. GAMMA Investing LLC now owns 17,760 shares of the technology company’s stock valued at $274,000 after purchasing an additional 2,239 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Hewlett Packard Enterprise in the first quarter worth about $589,000. Asset Management One Co. Ltd. raised its position in Hewlett Packard Enterprise by 5.0% in the first quarter. Asset Management One Co. Ltd. now owns 534,876 shares of the technology company’s stock worth $8,253,000 after acquiring an additional 25,342 shares during the period. Chevy Chase Trust Holdings LLC raised its position in Hewlett Packard Enterprise by 1.1% in the first quarter. Chevy Chase Trust Holdings LLC now owns 691,073 shares of the technology company’s stock worth $10,663,000 after acquiring an additional 7,590 shares during the period. Finally, International Assets Investment Management LLC raised its position in Hewlett Packard Enterprise by 106.4% in the first quarter. International Assets Investment Management LLC now owns 33,432 shares of the technology company’s stock worth $516,000 after acquiring an additional 17,232 shares during the period. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $23.10 on Thursday. The company has a 50 day moving average of $23.72 and a 200 day moving average of $20.05. The stock has a market cap of $30.47 billion, a P/E ratio of 28.16, a P/E/G ratio of 1.73 and a beta of 1.45. 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.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Wednesday, September 3rd. The technology company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.09). The firm had revenue of $9.14 billion for the quarter, compared to analysts’ expectations 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 was up 19.8% on a year-over-year basis. During the same period in the prior year, the firm posted $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 forecast that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal 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 paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, September 18th. Hewlett Packard Enterprise’s payout ratio is currently 63.41%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 166,666 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $22.52, for a total value of $3,753,318.32. Following the completion of the transaction, the chief executive officer owned 1,919,060 shares of the company’s stock, valued at $43,217,231.20. The trade was a 7.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary M. Reiner sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $24.58, for a total transaction of $983,200.00. Following the completion of the transaction, the director directly owned 83,869 shares of the company’s stock, valued at approximately $2,061,500.02. This represents a 32.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 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.

Analyst Upgrades and Downgrades

Several analysts have commented on HPE shares. Wall Street Zen raised shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research report on Sunday, July 13th. Barclays lifted their price objective on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Wolfe Research started coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They issued a “peer perform” rating on the stock. Raymond James Financial lifted their price objective on shares of Hewlett Packard Enterprise from $29.00 to $30.00 and gave the stock a “strong-buy” rating in a research report on Thursday, September 4th. Finally, UBS Group lifted their target price on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note 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, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and a consensus price target 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.