Hewlett Packard Enterprise Company $HPE Stock Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC reduced its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 41.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,391 shares of the technology company’s stock after selling 31,238 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $2,836,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mesirow Financial Investment Management Inc. raised its stake in Hewlett Packard Enterprise by 18.2% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 7,261 shares of the technology company’s stock valued at $464,000 after purchasing an additional 1,119 shares during the last quarter. Stolz & Associates PS acquired a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth about $1,485,000. Lido Advisors LLC boosted its stake in shares of Hewlett Packard Enterprise by 36.2% during the 3rd quarter. Lido Advisors LLC now owns 114,683 shares of the technology company’s stock worth $7,327,000 after purchasing an additional 30,451 shares during the last quarter. Keybank National Association OH boosted its stake in shares of Hewlett Packard Enterprise by 6.1% during the 3rd quarter. Keybank National Association OH now owns 35,707 shares of the technology company’s stock worth $2,281,000 after purchasing an additional 2,061 shares during the last quarter. Finally, New York Life Investment Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 0.8% during the third quarter. New York Life Investment Management LLC now owns 198,626 shares of the technology company’s stock worth $12,690,000 after buying an additional 1,553 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP Rami Rahim sold 34,443 shares of the firm’s stock in a transaction that occurred on Wednesday, October 21st. The shares were sold at an average price of $58.04, for a total value of $1,999,071.72. Following the transaction, the executive vice president owned 840,690 shares in the company, valued at approximately $48,793,647.60. This trade represents a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Antonio F. Neri sold 250,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $68.31, for a total transaction of $17,077,500.00. Following the transaction, the chief executive officer directly owned 1,182,393 shares in the company, valued at approximately $80,769,265.83. This trade represents a 17.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 585,899 shares of company stock worth $37,270,329. 0.44% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on HPE shares. Raymond James Financial boosted their price objective on shares of Hewlett Packard Enterprise from $74.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, September 3rd. JPMorgan Chase & Co. upped their price objective on shares of Hewlett Packard Enterprise from $68.00 to $70.00 in a research note on Tuesday, August 25th. Weiss Ratings lowered shares of Hewlett Packard Enterprise from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Bank of America lifted their target price on shares of Hewlett Packard Enterprise from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, August 31st. Finally, Truist Financial reiterated a “buy” rating and issued a $75.00 price target (up from $70.00) on shares of Hewlett Packard Enterprise in a report on Thursday, October 1st. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and a consensus target price of $65.44.

Hewlett Packard Enterprise Stock Up 5.0%

Shares of NYSE:HPE opened at $50.33 on Thursday. The stock’s 50-day moving average price is $59.00 and its two-hundred day moving average price is $41.80. 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 firm has a market cap of $66.81 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 0.31 and a beta of 1.46.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.93 by $0.18. Hewlett Packard Enterprise had a return on equity of 15.50% and a net margin of 6.60%. The company had revenue of $12.21 billion during the quarter, compared to analysts’ expectations of $11.97 billion. During the same quarter in the previous year, the business earned $0.44 EPS. The firm’s revenue was up 33.7% on a year-over-year basis. 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. On average, research analysts forecast that Hewlett Packard Enterprise Company will post 3.35 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, September 17th were paid a $0.1425 dividend. This represents a $0.57 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, September 17th. Hewlett Packard Enterprise’s payout ratio is currently 29.69%.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise (HPE) is a global information technology company that provides products and services for businesses, governments and other organizations. Its offerings span servers and computing systems, data storage, networking, hybrid cloud, artificial intelligence and edge computing. HPE sells systems such as HPE ProLiant servers and HPE Alletra storage, along with networking products through HPE Aruba Networking. Its HPE GreenLake platform provides cloud and IT services through a flexible, consumption-based model.