BTS Asset Management Inc. Acquires Shares of 11,555 Hewlett Packard Enterprise Company $HPE

BTS Asset Management Inc. acquired a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 11,555 shares of the technology company’s stock, valued at approximately $236,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Shell Asset Management Co. raised its stake in Hewlett Packard Enterprise by 42.4% during the second quarter. Shell Asset Management Co. now owns 116,797 shares of the technology company’s stock valued at $2,388,000 after buying an additional 34,801 shares in the last quarter. Strs Ohio acquired a new stake in Hewlett Packard Enterprise during the first quarter valued at approximately $15,663,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Hewlett Packard Enterprise by 22.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,320 shares of the technology company’s stock valued at $2,421,000 after buying an additional 28,123 shares in the last quarter. Signal Advisors Wealth LLC acquired a new stake in Hewlett Packard Enterprise during the second quarter valued at approximately $300,000. Finally, DAVENPORT & Co LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter worth approximately $1,236,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $23.27 on Wednesday. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $26.44. The firm has a market capitalization of $30.71 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 1.70 and a beta of 1.45. 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 issued its quarterly earnings data on Wednesday, September 3rd. The technology company reported $0.35 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $8.77 billion. During the same period last year, the company earned $0.50 earnings per share. 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. On average, equities research analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 18th were paid 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 dividend payout ratio (DPR) is presently 63.41%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HPE shares. Evercore ISI increased their price target on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Bank of America increased their price target on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. Zacks Research cut Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Wells Fargo & Company increased their price target on Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 4th. Finally, Wolfe Research started coverage on Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They set a “peer perform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise has an average rating of “Hold” and a consensus target price of $25.50.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Maeve C. Culloty sold 3,738 shares of the stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total transaction of $93,898.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary M. Reiner sold 40,000 shares of the stock in a transaction on 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 543,738 shares of company stock valued at $12,922,932. 0.36% of the stock is owned by corporate insiders.

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.