Fifth Third Wealth Advisors LLC Sells 830 Shares of Hewlett Packard Enterprise Company $HPE

Fifth Third Wealth Advisors LLC trimmed its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 5.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,355 shares of the technology company’s stock after selling 830 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $314,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Benson Investment Management Company Inc. boosted its position in Hewlett Packard Enterprise by 0.3% in the 2nd quarter. Benson Investment Management Company Inc. now owns 227,291 shares of the technology company’s stock valued at $4,648,000 after buying an additional 650 shares during the period. Farther Finance Advisors LLC boosted its position in Hewlett Packard Enterprise by 2.3% in the 1st quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company’s stock valued at $492,000 after buying an additional 699 shares during the period. Louisiana State Employees Retirement System boosted its position in Hewlett Packard Enterprise by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 70,600 shares of the technology company’s stock valued at $1,089,000 after buying an additional 700 shares during the period. Pinnacle Financial Partners Inc boosted its position in Hewlett Packard Enterprise by 6.9% in the 1st quarter. Pinnacle Financial Partners Inc now owns 11,541 shares of the technology company’s stock valued at $178,000 after buying an additional 746 shares during the period. Finally, Larson Financial Group LLC boosted its position in Hewlett Packard Enterprise by 16.7% in the 1st quarter. Larson Financial Group LLC now owns 5,370 shares of the technology company’s stock valued at $83,000 after buying an additional 769 shares during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Trading Up 1.5%

NYSE:HPE opened at $24.78 on Tuesday. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $26.44. The firm has a 50 day moving average of $23.32 and a 200 day moving average of $19.70. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $32.69 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 2.55 and a beta of 1.45.

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). Hewlett Packard Enterprise had a net margin of 3.77% and a return on equity of 9.01%. The firm had revenue of $9.14 billion for the quarter, compared to analysts’ expectations of $8.77 billion. During the same period in the previous year, the company earned $0.50 EPS. The company’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 anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, September 18th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.1%. Hewlett Packard Enterprise’s dividend payout ratio is presently 63.41%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 166,666 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $25.03, for a total transaction of $4,171,649.98. Following the transaction, the chief executive officer owned 1,585,726 shares in the company, valued at approximately $39,690,721.78. This represents a 9.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Maeve C. Culloty sold 3,738 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total transaction of $93,898.56. The disclosure for this sale can be found here. Insiders sold 543,738 shares of company stock valued at $12,922,932 over the last 90 days. Insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on HPE. Barclays boosted their price objective on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Thursday, July 3rd. JPMorgan Chase & Co. started coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, July 17th. They issued an “overweight” rating and a $30.00 price target for the company. 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. Bank of America upped their price target on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. Finally, Raymond James Financial upped their price target 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. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $25.06.

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.