Wealth Alliance LLC Makes New Investment in Hewlett Packard Enterprise Company $HPE

Wealth Alliance LLC acquired a new stake in Hewlett Packard Enterprise Company (NYSE:HPE) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 11,726 shares of the technology company’s stock, valued at approximately $240,000.

Several other large investors have also recently modified their holdings of the stock. New York State Common Retirement Fund increased its stake in shares of Hewlett Packard Enterprise by 7.3% in the first quarter. New York State Common Retirement Fund now owns 881,274 shares of the technology company’s stock worth $13,598,000 after buying an additional 59,916 shares during the period. Stephens Inc. AR boosted its position in Hewlett Packard Enterprise by 27.8% during the 1st quarter. Stephens Inc. AR now owns 11,975 shares of the technology company’s stock valued at $185,000 after buying an additional 2,602 shares during the period. Louisiana State Employees Retirement System grew its holdings in Hewlett Packard Enterprise by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 70,600 shares of the technology company’s stock worth $1,089,000 after acquiring an additional 700 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Hewlett Packard Enterprise by 16.7% in the first quarter. Larson Financial Group LLC now owns 5,370 shares of the technology company’s stock valued at $83,000 after acquiring an additional 769 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Hewlett Packard Enterprise by 10.0% during the first quarter. Victory Capital Management Inc. now owns 2,502,924 shares of the technology company’s stock valued at $38,620,000 after acquiring an additional 227,021 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

HPE opened at $22.82 on Friday. 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 market cap of $30.10 billion, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 1.28 and a beta of 1.43. The stock has a fifty day simple moving average of $24.19 and a two-hundred day simple moving average of $21.16. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results 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 business had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.77 billion. Hewlett Packard Enterprise had a net margin of 3.77% and a return on equity of 9.01%. The business’s quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter last year, the firm 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. Research analysts predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 18th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.3%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 63.41%.

Analyst Ratings Changes

Several research firms recently issued reports on HPE. Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $22.00 to $28.00 in a research note on Thursday, August 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Bank of America boosted their target price on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. Raymond James Financial raised their price target on Hewlett Packard Enterprise from $29.00 to $30.00 and gave the stock a “strong-buy” rating in a research note on Thursday, September 4th. Finally, Susquehanna lifted their price target on shares of Hewlett Packard Enterprise from $16.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $25.41.

Insider Transactions at Hewlett Packard Enterprise

In related news, 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 completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Antonio F. Neri sold 166,666 shares of the business’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $25.03, for a total value of $4,171,649.98. Following the completion of the sale, the chief executive officer directly owned 1,585,726 shares in the company, valued at $39,690,721.78. This trade represents a 9.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 543,738 shares of company stock valued at $12,922,932 in the last ninety days. 0.36% of the stock is currently owned by corporate insiders.

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.