Wealthfront Advisers LLC Boosts Position in Hewlett Packard Enterprise Company $HPE

Wealthfront Advisers LLC increased its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 27.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,976 shares of the technology company’s stock after buying an additional 14,875 shares during the period. Wealthfront Advisers LLC’s holdings in Hewlett Packard Enterprise were worth $1,431,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its stake in Hewlett Packard Enterprise by 21.7% in the 2nd quarter. Brighton Jones LLC now owns 25,131 shares of the technology company’s stock worth $514,000 after buying an additional 4,483 shares during the period. Linden Thomas Advisory Services LLC increased its stake in Hewlett Packard Enterprise by 4.2% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 112,112 shares of the technology company’s stock worth $2,293,000 after buying an additional 4,514 shares during the period. CVA Family Office LLC increased its stake in Hewlett Packard Enterprise by 126.7% in the 2nd quarter. CVA Family Office LLC now owns 1,437 shares of the technology company’s stock worth $29,000 after buying an additional 803 shares during the period. AlphaQuest LLC increased its stake in Hewlett Packard Enterprise by 52.3% in the 2nd quarter. AlphaQuest LLC now owns 4,041 shares of the technology company’s stock worth $83,000 after buying an additional 1,388 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its stake in Hewlett Packard Enterprise by 98,480.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 64,077 shares of the technology company’s stock worth $1,310,000 after buying an additional 64,012 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Up 0.5%

NYSE HPE opened at $24.39 on Friday. The company’s 50-day simple moving average is $24.03 and its two-hundred day simple moving average is $20.53. 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 one year low of $11.97 and a one year high of $26.44. The company has a market capitalization of $32.18 billion, a price-to-earnings ratio of 29.74, a price-to-earnings-growth ratio of 1.80 and a beta of 1.45.

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 firm had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $8.77 billion. During the same period in the previous year, the firm earned $0.50 EPS. The firm’s quarterly 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. Equities analysts forecast that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

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

Insider Transactions at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 40,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred 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 owned 83,869 shares of the company’s stock, valued at $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 is accessible through this link. Also, EVP Maeve C. Culloty sold 3,738 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total transaction of $93,898.56. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 543,738 shares of company stock valued at $12,922,932 in the last 90 days. Insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. initiated coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, July 17th. They issued an “overweight” rating and a $30.00 price target on the stock. UBS Group raised their target price on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Susquehanna raised their target price on shares of Hewlett Packard Enterprise from $16.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, September 4th. Finally, Evercore ISI raised their target price 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. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $25.41.

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.