State Board of Administration of Florida Retirement System Has $27.31 Million Position in Hewlett Packard Enterprise Company $HPE

State Board of Administration of Florida Retirement System raised its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 3.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,335,671 shares of the technology company’s stock after acquiring an additional 40,561 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.10% of Hewlett Packard Enterprise worth $27,314,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Zions Bancorporation National Association UT acquired a new position in Hewlett Packard Enterprise in the first quarter valued at about $27,000. CVA Family Office LLC boosted its holdings in shares of Hewlett Packard Enterprise by 126.7% in the 2nd quarter. CVA Family Office LLC now owns 1,437 shares of the technology company’s stock worth $29,000 after acquiring an additional 803 shares in the last quarter. Hantz Financial Services Inc. grew its position in Hewlett Packard Enterprise by 74.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,611 shares of the technology company’s stock worth $33,000 after acquiring an additional 687 shares during the last quarter. Hilltop National Bank bought a new stake in Hewlett Packard Enterprise during the 2nd quarter worth approximately $35,000. Finally, SouthState Corp acquired a new stake in Hewlett Packard Enterprise during the 1st quarter valued at $42,000. Institutional investors own 80.78% of the company’s stock.

Insider Activity

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 document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gary M. Reiner sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $24.58, for a total transaction of $983,200.00. Following the sale, the director owned 83,869 shares of the company’s stock, valued at $2,061,500.02. This trade represents a 32.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 293,738 shares of company stock valued at $7,252,098. 0.36% of the stock is owned by insiders.

Hewlett Packard Enterprise Stock Up 1.6%

NYSE:HPE opened at $21.88 on Friday. Hewlett Packard Enterprise Company has a 1 year low of $11.97 and a 1 year high of $26.44. The stock has a 50-day moving average price of $23.49 and a two-hundred day moving average price of $21.48. The stock has a market cap of $28.86 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 0.88 and a beta of 1.43. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Wednesday, September 3rd. The technology company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.09). The company had revenue of $9.14 billion for 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 company’s revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the business 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. As a group, equities analysts expect 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 was paid on Friday, October 17th. Stockholders of record on Thursday, September 18th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.4%. Hewlett Packard Enterprise’s dividend payout ratio is currently 63.41%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Raymond James Financial lifted their price target on Hewlett Packard Enterprise from $29.00 to $30.00 and gave the company a “strong-buy” rating in a report on Thursday, September 4th. Wells Fargo & Company boosted their target price 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. Barclays upped their target price on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Piper Sandler started coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, October 22nd. They issued a “neutral” rating and a $24.00 price target for the company. Finally, The Goldman Sachs Group upped their price objective on Hewlett Packard Enterprise from $27.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Hewlett Packard Enterprise has an average rating of “Hold” and an average price target of $25.24.

About Hewlett Packard Enterprise

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.