Brookstone Capital Management Grows Position in Hewlett Packard Enterprise Company $HPE

Key Points

• Brookstone Capital Management increased its stake in Hewlett Packard Enterprise by 363.6%, owning 89,497 shares valued at $1.83 million after the acquisition.
• Despite reporting a missed earnings estimate of $0.35 EPS against a consensus of $0.44, the company's revenue rose by 19.8% year-over-year to $9.14 billion.
• Email: several research firms have upgraded their ratings and price targets for HPE, with Goldman Sachs raising its target from $27.00 to $31.00 and maintaining a "neutral" rating.

Brookstone Capital Management raised its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 363.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,497 shares of the technology company's stock after buying an additional 70,193 shares during the quarter. Brookstone Capital Management's holdings in Hewlett Packard Enterprise were worth $1,830,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HPE. Alpine Bank Wealth Management purchased a new position in Hewlett Packard Enterprise during the 1st quarter valued at approximately $25,000. Zions Bancorporation National Association UT purchased a new position in Hewlett Packard Enterprise during the 1st quarter valued at approximately $27,000. MorganRosel Wealth Management LLC purchased a new position in Hewlett Packard Enterprise during the 1st quarter valued at approximately $31,000. Hilltop National Bank purchased a new position in Hewlett Packard Enterprise during the 2nd quarter valued at approximately $35,000. Finally, Transce3nd LLC grew its holdings in Hewlett Packard Enterprise by 2,937.2% during the 1st quarter. Transce3nd LLC now owns 2,369 shares of the technology company's stock valued at $37,000 after buying an additional 2,291 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock opened at $23.51 on Friday. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $26.44. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. The firm has a market capitalization of $31.01 billion, a P/E ratio of 28.67, a P/E/G ratio of 1.72 and a beta of 1.45. The stock has a 50 day moving average price of $23.81 and a 200 day moving average price of $20.20.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.09). Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.The business had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.77 billion. During the same period in the prior year, the business posted $0.50 earnings per share. Hewlett Packard Enterprise's revenue was up 19.8% on a year-over-year basis. 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, sell-side analysts predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 18th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, September 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 63.41%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HPE. The Goldman Sachs Group raised their price target on Hewlett Packard Enterprise from $27.00 to $31.00 and gave the company a "neutral" rating in a report on Thursday, October 16th. Wall Street Zen upgraded Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. Bank of America lifted their target price on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Tuesday, September 2nd. Zacks Research cut Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. Finally, Evercore ISI lifted their target price on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and thirteen have given a Hold rating to the company's stock. According to data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of "Hold" and an average price target of $25.41.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 40,000 shares of Hewlett Packard Enterprise stock in a transaction 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 sale, the director directly owned 83,869 shares of the company's stock, valued at $2,061,500.02. The trade was a 32.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Maeve C. Culloty sold 3,738 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total value of $93,898.56. The disclosure for this sale can be found here. In the last three months, insiders sold 543,738 shares of company stock valued at $12,922,932. Insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Profile

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.

Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise Company (NYSE:HPE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.