Nations Financial Group Inc. IA ADV Acquires New Stake in Hewlett Packard Enterprise Company $HPE

Nations Financial Group Inc. IA ADV acquired a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 25,091 shares of the technology company’s stock, valued at approximately $603,000.

A number of other large investors have also added to or reduced their stakes in HPE. TFC Financial Management Inc. raised its stake in Hewlett Packard Enterprise by 2,694.4% during the third quarter. TFC Financial Management Inc. now owns 1,006 shares of the technology company’s stock valued at $25,000 after buying an additional 970 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its stake in Hewlett Packard Enterprise by 176.7% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company’s stock valued at $26,000 after buying an additional 666 shares during the last quarter. Headlands Technologies LLC purchased a new position in Hewlett Packard Enterprise during the second quarter valued at $26,000. Chilton Capital Management LLC purchased a new position in Hewlett Packard Enterprise during the third quarter valued at $30,000. Finally, Clearstead Trust LLC raised its stake in Hewlett Packard Enterprise by 93.8% during the third quarter. Clearstead Trust LLC now owns 1,291 shares of the technology company’s stock valued at $32,000 after buying an additional 625 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on HPE. Truist Financial began coverage on Hewlett Packard Enterprise in a research note on Tuesday, March 31st. They set a “buy” rating and a $31.00 price objective for the company. Raymond James Financial reiterated an “outperform” rating and set a $29.00 price objective (down from $30.00) on shares of Hewlett Packard Enterprise in a research note on Monday, April 13th. Morgan Stanley lifted their price objective on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 10th. Wall Street Zen upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Finally, Citigroup upped their price objective on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.71.

Hewlett Packard Enterprise Stock Performance

HPE stock opened at $26.41 on Friday. The stock has a market capitalization of $35.05 billion, a PE ratio of -139.02, a price-to-earnings-growth ratio of 0.66 and a beta of 1.20. Hewlett Packard Enterprise Company has a 12-month low of $14.55 and a 12-month high of $26.56. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.71. The stock’s 50 day simple moving average is $22.87 and its 200 day simple moving average is $23.05.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Monday, March 9th. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. The business had revenue of $9.30 billion for the quarter, compared to analysts’ expectations of $9.31 billion. Hewlett Packard Enterprise had a positive return on equity of 9.93% and a negative net margin of 0.41%.The firm’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 EPS. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.300-2.500 EPS and its Q2 2026 guidance at 0.510-0.550 EPS. As a group, research analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Tuesday, March 24th will be issued a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, March 24th. Hewlett Packard Enterprise’s dividend payout ratio is presently -300.00%.

Insider Activity

In other news, EVP Neil B. Macdonald sold 112,652 shares of the stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $25.09, for a total transaction of $2,826,438.68. Following the transaction, the executive vice president directly owned 56,494 shares of the company’s stock, valued at $1,417,434.46. This represents a 66.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Fidelma Russo sold 34,001 shares of the stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $25.08, for a total value of $852,745.08. Following the transaction, the executive vice president directly owned 17,001 shares in the company, valued at $426,385.08. The trade was a 66.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 411,085 shares of company stock valued at $10,337,582 in the last ninety days. 0.44% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.

A major focus for HPE is hybrid cloud and consumption-based IT.