PDS Planning Inc Increases Stake in Hewlett Packard Enterprise Company $HPE

PDS Planning Inc boosted its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 7.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,156 shares of the technology company’s stock after buying an additional 1,042 shares during the quarter. PDS Planning Inc’s holdings in Hewlett Packard Enterprise were worth $289,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Alpine Bank Wealth Management acquired a new stake in shares of Hewlett Packard Enterprise in the first quarter valued at $25,000. Hilltop National Bank acquired a new stake in Hewlett Packard Enterprise in the second quarter valued at approximately $35,000. Zions Bancorporation National Association UT acquired a new stake in shares of Hewlett Packard Enterprise in the 1st quarter valued at $27,000. MorganRosel Wealth Management LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 1st quarter worth $31,000. Finally, Financial Freedom LLC grew its stake in shares of Hewlett Packard Enterprise by 76.7% during the first quarter. Financial Freedom LLC now owns 2,197 shares of the technology company’s stock worth $34,000 after purchasing an additional 954 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HPE. Bank of America lifted their price target on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Wall Street Zen raised Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Sunday, July 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 8th. The Goldman Sachs Group upped their target price on Hewlett Packard Enterprise from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. Finally, Evercore ISI lifted their price target on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of “Hold” and a consensus price target of $25.06.

Insiders Place Their Bets

In other news, EVP Maeve C. Culloty sold 3,738 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Antonio F. Neri sold 166,666 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $25.03, for a total transaction of $4,171,649.98. Following the completion of the sale, the chief executive officer owned 1,585,726 shares of the company’s stock, valued at $39,690,721.78. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 543,738 shares of company stock worth $12,922,932. Corporate insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $24.42 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69. The firm has a market cap of $32.23 billion, a price-to-earnings ratio of 29.79, a price-to-earnings-growth ratio of 2.55 and a beta of 1.45. The firm’s fifty day moving average price is $23.22 and its 200 day moving average price is $19.64. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $26.44.

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

Hewlett Packard Enterprise Announces Dividend

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

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.