Benin Management CORP Has $935,000 Stake in Hewlett Packard Enterprise Company $HPE

Benin Management CORP grew its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 7.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,714 shares of the technology company’s stock after purchasing an additional 3,160 shares during the period. Benin Management CORP’s holdings in Hewlett Packard Enterprise were worth $935,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alpine Bank Wealth Management bought a new position in Hewlett Packard Enterprise during the 1st quarter valued at about $25,000. Hilltop National Bank acquired a new stake in Hewlett Packard Enterprise in the 2nd quarter valued at about $35,000. Zions Bancorporation National Association UT acquired a new stake in shares of Hewlett Packard Enterprise during the 1st quarter worth approximately $27,000. MorganRosel Wealth Management LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 1st quarter worth approximately $31,000. Finally, Transce3nd LLC grew its holdings in Hewlett Packard Enterprise by 2,937.2% during the first quarter. Transce3nd LLC now owns 2,369 shares of the technology company’s stock valued at $37,000 after purchasing an additional 2,291 shares during the period. 80.78% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Gary M. Reiner sold 40,000 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $24.58, for a total value of $983,200.00. Following the transaction, the director directly owned 83,869 shares of the company’s stock, valued at approximately $2,061,500.02. The trade was a 32.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maeve C. Culloty sold 3,738 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The shares were 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. Insiders have sold 543,738 shares of company stock valued at $12,922,932 in the last three months. 0.36% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HPE. Susquehanna lifted their price target on shares of Hewlett Packard Enterprise from $16.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, September 4th. KeyCorp assumed coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, June 26th. They set a “sector weight” rating on the stock. Zacks Research downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Citigroup upped their price objective on shares of Hewlett Packard Enterprise from $26.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 6th. Finally, Wells Fargo & Company upped their price target 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 research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. 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 Stock Performance

NYSE:HPE opened at $23.27 on Wednesday. The company has a market capitalization of $30.71 billion, a PE ratio of 28.38, a P/E/G ratio of 1.70 and a beta of 1.45. The company has a 50 day simple moving average of $23.69 and a two-hundred day simple moving average of $20.03. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE) last announced 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). Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.The company had revenue of $9.14 billion for the quarter, compared to analyst estimates of $8.77 billion. During the same period last year, the business earned $0.50 EPS. The business’s quarterly revenue was up 19.8% compared to the same quarter last year. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. Research analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 18th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, September 18th. Hewlett Packard Enterprise’s payout ratio is currently 63.41%.

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.