Benson Investment Management Company Inc. Buys 650 Shares of Hewlett Packard Enterprise Company $HPE

Benson Investment Management Company Inc. raised its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 227,291 shares of the technology company’s stock after acquiring an additional 650 shares during the period. Benson Investment Management Company Inc.’s holdings in Hewlett Packard Enterprise were worth $4,648,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Alpine Bank Wealth Management purchased a new position in shares of Hewlett Packard Enterprise in the 1st quarter worth $25,000. Zions Bancorporation National Association UT purchased a new position in shares of Hewlett Packard Enterprise in the 1st quarter worth $27,000. MorganRosel Wealth Management LLC purchased a new position in shares of Hewlett Packard Enterprise in the 1st quarter worth $31,000. Financial Freedom LLC grew its stake in shares of Hewlett Packard Enterprise by 76.7% in the 1st quarter. Financial Freedom LLC now owns 2,197 shares of the technology company’s stock worth $34,000 after buying an additional 954 shares in the last quarter. Finally, Hilltop National Bank purchased a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth $35,000. 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 business’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total value of $93,898.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary M. Reiner sold 40,000 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $24.58, for a total transaction of $983,200.00. Following the completion of the sale, the director directly owned 83,869 shares of the company’s stock, valued at approximately $2,061,500.02. This trade represents a 32.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 543,738 shares of company stock valued at $12,922,932 in the last three months. Company insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $24.42 on Friday. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $26.44. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. The company has a 50-day moving average price of $23.22 and a 200 day moving average price of $19.59. The stock has a market cap of $32.23 billion, a PE ratio of 29.79, a P/E/G ratio of 2.74 and a beta of 1.45.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Wednesday, September 3rd. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.09). The company had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $8.77 billion. Hewlett Packard Enterprise had a net margin of 3.77% and a return on equity of 9.01%. Hewlett Packard Enterprise’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period last year, the firm earned $0.50 earnings per share. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. Equities research analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 18th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 18th. Hewlett Packard Enterprise’s payout ratio is 63.41%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HPE. Barclays lifted their price objective on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, July 3rd. Susquehanna lifted their price objective on shares of 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 lifted their price objective on shares of 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. KeyCorp began coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, June 26th. They issued a “sector weight” rating for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $25.06.

Hewlett Packard Enterprise 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.