Pinkerton Wealth LLC Purchases 11,246 Shares of Hewlett Packard Enterprise Company $HPE

Pinkerton Wealth LLC purchased a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) during the third quarter, HoldingsChannel reports. The firm purchased 11,246 shares of the technology company’s stock, valued at approximately $719,000.

Other institutional investors also recently modified their holdings of the company. Irenic Capital Management LP acquired a new stake in Hewlett Packard Enterprise during the 1st quarter valued at approximately $18,691,000. Gunderson Capital Management LLC bought a new position in Hewlett Packard Enterprise during the 3rd quarter worth approximately $15,409,000. Generate Investment Management Ltd acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter worth approximately $19,340,000. Sanders Morris Harris LLC acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter worth approximately $1,661,000. Finally, Parkway Wealth Management Group LLC lifted its position in shares of Hewlett Packard Enterprise by 36.7% in the 3rd quarter. Parkway Wealth Management Group LLC now owns 110,121 shares of the technology company’s stock worth $7,036,000 after purchasing an additional 29,551 shares during the period. Institutional investors own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

HPE has been the topic of a number of analyst reports. Barclays lowered shares of Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $83.00 to $77.00 in a research note on Wednesday, October 14th. JPMorgan Chase & Co. boosted their target price on shares of Hewlett Packard Enterprise from $68.00 to $70.00 in a report on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, September 1st. They issued a “buy” rating and a $62.00 target price on the stock. UBS Group upped their price target on shares of Hewlett Packard Enterprise from $59.00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday, October 1st. Finally, Loop Capital decreased their price target on Hewlett Packard Enterprise from $75.00 to $65.00 and set a “buy” rating for the company in a report on Tuesday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $65.44.

Insider Buying and Selling

In other Hewlett Packard Enterprise 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 transaction of $967,470.00. Following the completion of the sale, the director owned 65,072 shares in the company, valued at approximately $3,703,247.52. The trade was a 20.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Antonio F. Neri sold 250,000 shares of the company’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $60.44, for a total transaction of $15,110,000.00. Following the transaction, the chief executive officer owned 1,432,393 shares in the company, valued at approximately $86,573,832.92. The trade was a 14.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 585,899 shares of company stock worth $37,270,329 in the last ninety days. Corporate insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $55.22 on Monday. The business has a 50-day simple moving average of $59.71 and a 200 day simple moving average of $40.71. Hewlett Packard Enterprise Company has a one year low of $19.84 and a one year high of $73.56. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.11 and a quick ratio of 0.72. The firm has a market capitalization of $73.31 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 0.46 and a beta of 1.39.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share (EPS) for the quarter, topping 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 business had revenue of $12.21 billion for the quarter, compared to analyst estimates of $11.97 billion. During the same quarter in the prior year, the company earned $0.44 earnings per share. The company’s quarterly 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 anticipate that Hewlett Packard Enterprise Company will post 3.34 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, September 17th were given a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, September 17th. Hewlett Packard Enterprise’s dividend payout ratio is presently 29.69%.

Hewlett Packard Enterprise Company 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.