Hewlett Packard Enterprise Company $HPE Shares Acquired by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC grew its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 18.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,612 shares of the technology company’s stock after purchasing an additional 1,995 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Hewlett Packard Enterprise were worth $258,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in HPE. GAMMA Investing LLC grew its holdings 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 worth $274,000 after purchasing an additional 2,239 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in Hewlett Packard Enterprise by 21.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 14,108 shares of the technology company’s stock valued at $218,000 after purchasing an additional 2,466 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in Hewlett Packard Enterprise in the 1st quarter valued at approximately $301,000. Johnson Investment Counsel Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at approximately $157,000. Finally, Blue Trust Inc. lifted its position in shares of Hewlett Packard Enterprise by 75.3% during the 1st quarter. Blue Trust Inc. now owns 26,187 shares of the technology company’s stock valued at $404,000 after acquiring an additional 11,245 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 166,666 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $25.03, for a total value of $4,171,649.98. Following the transaction, the chief executive officer owned 1,585,726 shares in the company, valued at $39,690,721.78. The trade was a 9.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gary M. Reiner sold 40,000 shares of the business’s stock in a transaction 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 owned 83,869 shares in the company, valued at $2,061,500.02. This represents a 32.29% decrease in their position. 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. Company insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Up 2.3%

Shares of Hewlett Packard Enterprise stock opened at $23.01 on Friday. The company has a fifty day moving average price of $23.61 and a 200 day moving average price of $19.90. 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 Company has a twelve month low of $11.97 and a twelve month high of $26.44. The stock has a market cap of $30.36 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 1.70 and a beta of 1.45.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share 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 analysts’ expectations of $8.77 billion. During the same period last year, the company posted $0.50 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 18th were given a dividend of $0.13 per share. 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 dividend payout ratio is 63.41%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HPE. Evercore ISI lifted their price target on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Zacks Research downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $22.00 to $28.00 in a research note on Thursday, August 21st. JPMorgan Chase & Co. began coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, July 17th. They set an “overweight” rating and a $30.00 price objective for the company. Finally, Wells Fargo & Company boosted their price objective on shares of Hewlett Packard Enterprise from $22.00 to $26.00 and gave the company an “equal weight” rating in a research note on Thursday, September 4th. One 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 company’s stock. According to data from MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of “Hold” and an average price target 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.