Patten & Patten Inc. TN Buys 4,525 Shares of Hewlett Packard Enterprise Company $HPE

Patten & Patten Inc. TN raised its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 45.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,548 shares of the technology company’s stock after acquiring an additional 4,525 shares during the period. Patten & Patten Inc. TN’s holdings in Hewlett Packard Enterprise were worth $298,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Ritholtz Wealth Management grew its position in Hewlett Packard Enterprise by 14.8% in the second quarter. Ritholtz Wealth Management now owns 108,843 shares of the technology company’s stock valued at $2,226,000 after acquiring an additional 14,062 shares during the period. Sagespring Wealth Partners LLC grew its position in Hewlett Packard Enterprise by 18.8% in the second quarter. Sagespring Wealth Partners LLC now owns 12,612 shares of the technology company’s stock valued at $258,000 after acquiring an additional 1,995 shares during the period. Wilmington Savings Fund Society FSB grew its position in Hewlett Packard Enterprise by 25.3% in the second quarter. Wilmington Savings Fund Society FSB now owns 28,305 shares of the technology company’s stock valued at $579,000 after acquiring an additional 5,708 shares during the period. Morningstar Investment Management LLC bought a new stake in Hewlett Packard Enterprise in the second quarter valued at $227,000. Finally, Sequoia Financial Advisors LLC grew its position in Hewlett Packard Enterprise by 97.4% in the second quarter. Sequoia Financial Advisors LLC now owns 42,508 shares of the technology company’s stock valued at $869,000 after acquiring an additional 20,971 shares during the period. 80.78% of the stock is currently owned by institutional investors.

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 dated Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total value of $93,898.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Antonio F. Neri sold 166,666 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $22.52, for a total value of $3,753,318.32. Following the completion of the transaction, the chief executive officer directly owned 1,919,060 shares in the company, valued at $43,217,231.20. The trade was a 7.99% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 543,738 shares of company stock valued at $12,922,932. 0.36% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HPE shares. Raymond James Financial boosted their price objective on Hewlett Packard Enterprise from $29.00 to $30.00 and gave the stock a “strong-buy” rating in a research note on Thursday, September 4th. Susquehanna boosted their price objective on Hewlett Packard Enterprise from $16.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, September 4th. Wells Fargo & Company boosted their price objective on Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 4th. JPMorgan Chase & Co. started coverage on Hewlett Packard Enterprise in a research note on Thursday, July 17th. They issued an “overweight” rating and a $30.00 price objective on the stock. Finally, Sanford C. Bernstein started coverage on Hewlett Packard Enterprise in a research note on Tuesday, September 16th. They issued a “market perform” rating and a $24.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $25.50.

Hewlett Packard Enterprise Trading Down 9.9%

Shares of HPE opened at $22.55 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. 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 $29.75 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 1.86 and a beta of 1.45. The stock’s fifty day simple moving average is $23.56 and its 200-day simple moving average is $19.82.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.09). Hewlett Packard Enterprise had a net margin of 3.77% and a return on equity of 9.01%. The company had revenue of $9.14 billion during the quarter, compared to analyst estimates of $8.77 billion. During the same period in the previous year, the company posted $0.50 EPS. The company’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. As a group, research analysts predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 18th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.52 annualized dividend and a yield of 2.3%. Hewlett Packard Enterprise’s dividend payout ratio is presently 63.41%.

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.