330,590 Hewlett Packard Enterprise Company $HPE Shares Sold by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC decreased its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 48.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 354,016 shares of the technology company’s stock after selling 330,590 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Hewlett Packard Enterprise were worth $22,618,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Hewlett Packard Enterprise during the second quarter worth $1,027,139,000. Primecap Management Co. CA purchased a new stake in shares of Hewlett Packard Enterprise during the second quarter valued at $773,225,000. Elliott Investment Management L.P. grew its holdings in shares of Hewlett Packard Enterprise by 47.2% during the first quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock valued at $652,912,000 after buying an additional 8,790,757 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Hewlett Packard Enterprise by 6.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,088,774 shares of the technology company’s stock valued at $590,435,000 after acquiring an additional 756,972 shares during the period. Finally, Legal & General Group Plc acquired a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at $512,721,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $51.11 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 0.65. Hewlett Packard Enterprise Company has a 12-month low of $19.84 and a 12-month high of $73.56. The business’s 50 day moving average is $59.66 and its two-hundred day moving average is $40.86. The company has a market capitalization of $67.85 billion, a P/E ratio of 21.78, a P/E/G ratio of 0.54 and a beta of 1.39.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.18. The company had revenue of $12.21 billion for the quarter, compared to analyst estimates of $11.97 billion. Hewlett Packard Enterprise had a return on equity of 15.50% and a net margin of 6.60%. The firm’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 EPS. Hewlett Packard Enterprise has set its Q4 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 3.750-3.850 EPS. Analysts expect that Hewlett Packard Enterprise Company will post 3.34 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, September 17th were paid a dividend of $0.1425 per share. The ex-dividend date was Thursday, September 17th. This represents a $0.57 dividend on an annualized basis and a yield of 1.1%. Hewlett Packard Enterprise’s dividend payout ratio is 29.69%.

Insiders Place Their Bets

In related news, Director Gary Reiner sold 17,000 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $56.91, for a total value of $967,470.00. Following the completion of the sale, the director directly owned 65,072 shares of the company’s stock, valued at $3,703,247.52. The trade was a 20.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Antonio F. Neri sold 250,000 shares of the stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $68.31, for a total transaction of $17,077,500.00. Following the sale, the chief executive officer owned 1,182,393 shares of the company’s stock, valued at $80,769,265.83. This trade represents a 17.45% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 585,899 shares of company stock worth $37,270,329 over the last three months. Company insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HPE shares. The Goldman Sachs Group raised their target price on Hewlett Packard Enterprise from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, October 6th. Wells Fargo & Company boosted their price target on Hewlett Packard Enterprise from $54.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, October 1st. Daiwa Securities Group raised Hewlett Packard Enterprise from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $65.00 to $75.00 in a report on Friday, October 2nd. Morgan Stanley raised their price objective on Hewlett Packard Enterprise from $67.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday, October 1st. Finally, Susquehanna decreased their target price on Hewlett Packard Enterprise from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $65.44.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company (NYSE:HPE) is a global technology company that provides information technology solutions for businesses, governments and other organizations. Its offerings are designed to help customers build, manage and modernize data centers, hybrid cloud environments and edge computing operations.

HPE’s portfolio includes enterprise servers and compute systems, data storage, networking products, high-performance computing and artificial intelligence infrastructure.