WealthShield Partners LLC Sells 32,763 Shares of Hewlett Packard Enterprise Company $HPE

WealthShield Partners LLC reduced its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 28.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 84,206 shares of the technology company’s stock after selling 32,763 shares during the period. WealthShield Partners LLC’s holdings in Hewlett Packard Enterprise were worth $1,722,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HPE. CVA Family Office LLC raised its stake in Hewlett Packard Enterprise by 126.7% during the second quarter. CVA Family Office LLC now owns 1,437 shares of the technology company’s stock worth $29,000 after acquiring an additional 803 shares in the last quarter. Hantz Financial Services Inc. increased its position in Hewlett Packard Enterprise by 74.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,611 shares of the technology company’s stock worth $33,000 after purchasing an additional 687 shares in the last quarter. Hilltop National Bank acquired a new stake in Hewlett Packard Enterprise in the second quarter valued at approximately $35,000. Zions Bancorporation National Association UT bought a new stake in shares of Hewlett Packard Enterprise during the first quarter worth $27,000. Finally, Transce3nd LLC increased its holdings in shares of Hewlett Packard Enterprise by 2,937.2% during the first quarter. Transce3nd LLC now owns 2,369 shares of the technology company’s stock worth $37,000 after buying an additional 2,291 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 40,000 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $24.58, for a total transaction of $983,200.00. Following the completion of the transaction, the director directly owned 83,869 shares of the company’s stock, valued at $2,061,500.02. This represents a 32.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Antonio F. Neri sold 166,666 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $22.52, for a total transaction of $3,753,318.32. Following the completion of the sale, the chief executive officer directly owned 1,919,060 shares in the company, valued at $43,217,231.20. This trade represents a 7.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 543,738 shares of company stock worth $12,922,932 over the last three months. 0.36% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Trading Down 0.5%

NYSE:HPE opened at $22.82 on Friday. 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 price of $24.19 and a two-hundred day moving average price of $21.16. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. The firm has a market cap of $30.10 billion, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 1.28 and a beta of 1.43.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.09). The business had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $8.77 billion. Hewlett Packard Enterprise had a net margin of 3.77% and a return on equity of 9.01%. The business’s revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.50 earnings per share. 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 analysts expect that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders 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 dividend yield of 2.3%. The ex-dividend date was Thursday, September 18th. Hewlett Packard Enterprise’s payout ratio is presently 63.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on HPE shares. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $22.00 to $28.00 in a research report on Thursday, August 21st. 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 report on Thursday, September 4th. Susquehanna increased their target price on shares of Hewlett Packard Enterprise from $16.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, September 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 8th. Finally, UBS Group raised their target price on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $25.41.

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.