Ameritas Advisory Services LLC Acquires New Holdings in Hewlett Packard Enterprise Company $HPE

Key Points

• Ameritas Advisory Services acquired 37,684 HPE shares worth approximately $1.7 million during the second quarter. Institutional investors collectively own 80.78% of the company.
• HPE reported strong quarterly results, with earnings of $1.11 per share and revenue of $12.21 billion, exceeding analyst estimates; revenue increased 33.7% year over year.
• Shares recently traded at $58.69, up 4.8%, while analysts maintain a “Moderate Buy” consensus with an average price target of $69.44. HPE also declared a quarterly dividend of $0.1425 per share.

Ameritas Advisory Services LLC purchased a new stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 37,684 shares of the technology company's stock, valued at approximately $1,700,000.

A number of other large investors have also recently modified their holdings of HPE. Sax Wealth Advisors LLC lifted its stake in Hewlett Packard Enterprise by 2.9% in the second quarter. Sax Wealth Advisors LLC now owns 8,782 shares of the technology company's stock worth $396,000 after purchasing an additional 244 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Hewlett Packard Enterprise by 5.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 7,180 shares of the technology company's stock valued at $324,000 after acquiring an additional 355 shares during the last quarter. Investment Research Partners LLC boosted its holdings in Hewlett Packard Enterprise by 2.0% during the 4th quarter. Investment Research Partners LLC now owns 21,925 shares of the technology company's stock valued at $527,000 after acquiring an additional 423 shares during the period. D.A. Davidson & CO. boosted its holdings in Hewlett Packard Enterprise by 4.5% during the 1st quarter. D.A. Davidson & CO. now owns 9,998 shares of the technology company's stock valued at $238,000 after acquiring an additional 429 shares during the period. Finally, Compound Planning Inc. grew its position in Hewlett Packard Enterprise by 2.4% during the 1st quarter. Compound Planning Inc. now owns 18,951 shares of the technology company's stock worth $451,000 after acquiring an additional 446 shares during the last quarter. Institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Trading Up 4.8%

Hewlett Packard Enterprise stock opened at $58.69 on Thursday. Hewlett Packard Enterprise Company has a 12 month low of $19.84 and a 12 month high of $64.25. The company has a market capitalization of $77.91 billion, a price-to-earnings ratio of 30.57, a price-to-earnings-growth ratio of 0.51 and a beta of 1.43. The business's fifty day simple moving average is $50.62 and its two-hundred day simple moving average is $38.61. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 0.65.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.18. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The company had revenue of $12.21 billion during the quarter, compared to the consensus estimate of $11.97 billion. During the same quarter last year, the firm earned $0.44 earnings per share. The firm's quarterly revenue was up 33.7% compared to the same quarter last year. 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. As a group, equities analysts predict that Hewlett Packard Enterprise Company will post 3.27 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, September 17th will be issued a $0.1425 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.0%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 29.69%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HPE shares. Zacks Research raised shares of Hewlett Packard Enterprise from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 4th. Raymond James Financial boosted their price objective on shares of Hewlett Packard Enterprise from $74.00 to $86.00 and gave the company an "outperform" rating in a research report on Thursday, September 3rd. JPMorgan Chase & Co. upped their price objective on shares of Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an "overweight" rating in a research note on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, September 1st. They set a "buy" rating and a $62.00 target price for the company. Finally, Truist Financial boosted their price target on Hewlett Packard Enterprise from $69.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $69.44.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Kirt Karros sold 18,785 shares of the business's stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $48.50, for a total transaction of $911,072.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.44% of the company's stock.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company NYSE: HPE is a global technology company that provides information technology products, services and solutions for businesses and other organizations. Its offerings are designed to support data centers, cloud computing, artificial intelligence, networking and the management of distributed IT environments.

HPE's portfolio includes enterprise servers, data storage systems, networking equipment, high-performance computing and software. Through its HPE GreenLake platform, the company also delivers cloud and as-a-service solutions that allow customers to access computing, storage, data protection and other IT capabilities through a flexible consumption model.

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