Private Trust Co. NA Sells 1,514 Shares of Hewlett Packard Enterprise Company $HPE

Private Trust Co. NA lowered its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 13.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,430 shares of the technology company’s stock after selling 1,514 shares during the quarter. Private Trust Co. NA’s holdings in Hewlett Packard Enterprise were worth $193,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in HPE. Alpine Bank Wealth Management purchased a new stake in shares of Hewlett Packard Enterprise during the first quarter worth about $25,000. Zions Bancorporation National Association UT purchased a new stake in shares of Hewlett Packard Enterprise during the first quarter worth about $27,000. MorganRosel Wealth Management LLC purchased a new stake in shares of Hewlett Packard Enterprise during the first quarter worth about $31,000. Hilltop National Bank purchased a new stake in shares of Hewlett Packard Enterprise during the second quarter worth about $35,000. Finally, Transce3nd LLC grew its position in shares of Hewlett Packard Enterprise by 2,937.2% during the first quarter. Transce3nd LLC now owns 2,369 shares of the technology company’s stock worth $37,000 after purchasing an additional 2,291 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Buying and Selling

In related news, Director Gary M. Reiner sold 40,000 shares of the firm’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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maeve C. Culloty sold 3,738 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total value of $93,898.56. The disclosure for this sale can be found here. In the last three months, insiders sold 543,738 shares of company stock valued at $12,922,932. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Price Performance

NYSE:HPE opened at $23.27 on Wednesday. The firm has a market capitalization of $30.71 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 1.70 and a beta of 1.45. Hewlett Packard Enterprise Company has a 1 year low of $11.97 and a 1 year high of $26.44. The business has a 50 day simple moving average of $23.69 and a 200-day simple moving average of $20.03. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Wednesday, September 3rd. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.09). The company had revenue of $9.14 billion during the quarter, compared to the consensus estimate 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 previous year, the business earned $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. Equities analysts forecast that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

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

Analyst Ratings Changes

Several analysts recently issued reports on HPE shares. Sanford C. Bernstein started coverage on Hewlett Packard Enterprise in a research report on Tuesday, September 16th. They set a “market perform” rating and a $24.00 target price for the company. Wolfe Research assumed coverage on Hewlett Packard Enterprise in a report on Tuesday, July 8th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. assumed coverage on Hewlett Packard Enterprise in a report on Thursday, July 17th. They set an “overweight” rating and a $30.00 price target for the company. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $22.00 to $28.00 in a report on Thursday, August 21st. Finally, Wall Street Zen upgraded Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Sunday, July 13th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $25.50.

Hewlett Packard Enterprise Company 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.