Rhumbline Advisers Boosts Holdings in Hewlett Packard Enterprise Company $HPE

Rhumbline Advisers raised its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 0.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,597,839 shares of the technology company’s stock after buying an additional 8,282 shares during the quarter. Rhumbline Advisers owned about 0.20% of Hewlett Packard Enterprise worth $53,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Hewlett Packard Enterprise by 1.6% in the second quarter. Vanguard Group Inc. now owns 169,804,055 shares of the technology company’s stock worth $3,472,493,000 after purchasing an additional 2,604,059 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Hewlett Packard Enterprise by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 34,421,976 shares of the technology company’s stock worth $701,864,000 after buying an additional 724,974 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Hewlett Packard Enterprise by 15.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,584,742 shares of the technology company’s stock valued at $271,333,000 after buying an additional 2,373,850 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Hewlett Packard Enterprise by 3.4% in the 1st quarter. Northern Trust Corp now owns 16,730,015 shares of the technology company’s stock valued at $258,144,000 after acquiring an additional 545,775 shares during the last quarter. Finally, National Bank of Canada FI grew its position in Hewlett Packard Enterprise by 1,369.1% in the first quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company’s stock worth $251,192,000 after acquiring an additional 15,171,314 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Up 2.8%

NYSE:HPE opened at $21.09 on Tuesday. Hewlett Packard Enterprise Company has a twelve month low of $11.97 and a twelve month high of $26.44. The company has a market cap of $27.82 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 0.83 and a beta of 1.43. The stock has a fifty day simple moving average of $23.75 and a 200-day simple moving average of $21.40. 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 (NYSE:HPE) last posted its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.35 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 company had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $8.77 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’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. Analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, September 18th. Hewlett Packard Enterprise’s payout ratio is currently 63.41%.

Analysts Set New Price Targets

HPE has been the topic of a number of recent research reports. Evercore ISI upped their price objective on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. UBS Group increased their price target on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Bank of America lifted their price objective on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. The Goldman Sachs Group increased their target price on shares of Hewlett Packard Enterprise from $27.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Finally, Barclays lifted their price target on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.24.

Insider Activity at Hewlett Packard Enterprise

In related news, Director Gary M. Reiner sold 40,000 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was 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. This represents a 32.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Antonio F. Neri sold 166,666 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 377,072 shares of company stock worth $9,169,613. Company insiders own 0.36% of the company’s stock.

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.