Argent Capital Management LLC Trims Stock Holdings in Hewlett Packard Enterprise Company $HPE

Key Points

• Argent Capital Management cut its HPE stake by 5.3% in the third quarter, selling 28,981 shares and retaining 514,892 shares valued at approximately $32.9 million. Institutional investors and hedge funds collectively own 80.78% of HPE.
• HPE reported quarterly earnings of $1.11 per share, beating estimates of $0.93, while revenue rose 33.7% year over year to $12.21 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $72.06.
• Shares recently traded at $68.27, near the company’s 52-week high of $70.29. HPE declared a quarterly dividend of $0.1425 per share, while insiders have sold more than $18.1 million worth of stock over the past 90 days.

Argent Capital Management LLC cut its holdings in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 5.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 514,892 shares of the technology company's stock after selling 28,981 shares during the period. Hewlett Packard Enterprise comprises approximately 0.2% of Argent Capital Management LLC's holdings, making the stock its 27th biggest position. Argent Capital Management LLC's holdings in Hewlett Packard Enterprise were worth $32,896,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of HPE. Capital World Investors acquired a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $901,751,000. Elliott Investment Management L.P. boosted its position in Hewlett Packard Enterprise by 47.2% during the 1st quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company's stock valued at $652,912,000 after purchasing an additional 8,790,757 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Hewlett Packard Enterprise during the 2nd quarter valued at approximately $1,027,139,000. Primecap Management Co. CA bought a new position in Hewlett Packard Enterprise during the 2nd quarter worth $773,225,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Hewlett Packard Enterprise by 6.1% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,088,774 shares of the technology company's stock worth $590,435,000 after buying an additional 756,972 shares during the period. Institutional investors and hedge funds own 80.78% of the company's stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE traded down $1.06 during trading on Monday, reaching $68.27. The company had a trading volume of 6,863,687 shares, compared to its average volume of 21,286,521. The firm's fifty day moving average is $55.81 and its 200 day moving average is $43.39. The firm has a market capitalization of $90.63 billion, a PE ratio of 35.57, a price-to-earnings-growth ratio of 0.62 and a beta of 1.39. Hewlett Packard Enterprise Company has a twelve month low of $19.84 and a twelve month high of $70.29. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.72 and a current ratio of 1.11.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The technology company reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.18. The business had revenue of $12.21 billion for the quarter, compared to analyst estimates of $11.97 billion. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The business's revenue for the quarter was up 33.7% on a year-over-year basis. During the same quarter last year, the business earned $0.44 earnings per share. 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, equities analysts forecast that Hewlett Packard Enterprise Company will post 3.34 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, September 17th will be issued a $0.1425 dividend. The ex-dividend date is Thursday, September 17th. This represents a $0.57 annualized dividend and a dividend yield of 0.8%. Hewlett Packard Enterprise's dividend payout ratio is 29.69%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HPE. Barclays boosted their price target on shares of Hewlett Packard Enterprise from $79.00 to $83.00 and gave the company an "overweight" rating in a report on Thursday. Truist Financial reiterated a "buy" rating and issued a $75.00 price objective (up from $70.00) on shares of Hewlett Packard Enterprise in a research report on Thursday. Daiwa Securities Group raised shares of Hewlett Packard Enterprise from a "neutral" rating to an "outperform" rating and set a $75.00 target price for the company in a research note on Friday. Raymond James Financial raised their price target on shares of Hewlett Packard Enterprise from $74.00 to $86.00 and gave the company an "outperform" rating in a research note on Thursday, September 3rd. Finally, UBS Group boosted their price objective on Hewlett Packard Enterprise from $59.00 to $66.00 and gave the stock a "neutral" rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Hewlett Packard Enterprise presently has an average rating of "Moderate Buy" and a consensus price target of $72.06.

Insider Activity at Hewlett Packard Enterprise

In related news, Director Gary M. Reiner sold 17,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $56.91, for a total transaction of $967,470.00. Following the transaction, the director directly owned 65,072 shares of the company's stock, valued at $3,703,247.52. The trade was a 20.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Antonio Neri sold 250,000 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer owned 1,432,393 shares in the company, valued at approximately $86,573,832.92. This trade represents a 14.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 301,456 shares of company stock valued at $18,193,758 over the last 90 days. 0.44% of the stock is currently owned by corporate insiders.

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, governments and other organizations. Its offerings are designed to help customers build, manage and secure data center, cloud and edge-computing environments.

HPE's portfolio includes enterprise servers, high-performance computing systems, data storage, networking equipment, software and technology consulting services. The company also provides hybrid cloud and as-a-service solutions through HPE GreenLake, allowing customers to access and manage computing, storage, data protection and other IT capabilities through a flexible consumption model.

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