BTS Asset Management Inc. Takes $236,000 Position in Hewlett Packard Enterprise Company $HPE

Key Points

• BTS Asset Management Inc. acquired a new stake in Hewlett Packard Enterprise worth approximately $236,000 by purchasing 11,555 shares in the second quarter.
• CEO Antonio F. Neri sold 166,666 shares of the company’s stock, representing a nearly 8% decrease in ownership, totaling over $3.75 million in the transaction.
• Equities analysts have recently adjusted their price targets for HPE, with the average target now set at $25.50 following upgrades from firms like Evercore ISI and Deutsche Bank.

BTS Asset Management Inc. acquired a new stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 11,555 shares of the technology company's stock, valued at approximately $236,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Alpine Bank Wealth Management purchased a new stake in shares of Hewlett Packard Enterprise in the first quarter valued at $25,000. Zions Bancorporation National Association UT purchased a new stake in Hewlett Packard Enterprise during the first quarter valued at about $27,000. MorganRosel Wealth Management LLC purchased a new stake in Hewlett Packard Enterprise during the first quarter valued at about $31,000. Hilltop National Bank purchased a new stake in Hewlett Packard Enterprise during the second quarter valued at about $35,000. Finally, Transce3nd LLC grew its position in Hewlett Packard Enterprise by 2,937.2% during the first quarter. Transce3nd LLC now owns 2,369 shares of the technology company's stock valued at $37,000 after acquiring an additional 2,291 shares during the period. Hedge funds and other institutional investors own 80.78% of the company's stock.

Insider Buying and Selling

In related news, CEO Antonio F. Neri sold 166,666 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $22.52, for a total value of $3,753,318.32. Following the transaction, the chief executive officer owned 1,919,060 shares in the company, valued at approximately $43,217,231.20. The trade was a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gary M. Reiner sold 40,000 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $24.58, for a total value of $983,200.00. Following the completion of the transaction, the director owned 83,869 shares in the company, valued at approximately $2,061,500.02. This trade represents a 32.29% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 543,738 shares of company stock worth $12,922,932. 0.36% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on HPE shares. Evercore ISI boosted their price target on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft boosted their price target on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Wall Street Zen raised Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Sanford C. Bernstein initiated coverage on Hewlett Packard Enterprise in a research report on Tuesday, September 16th. They set a "market perform" rating and a $24.00 price target for the company. Finally, Susquehanna upped their target price on Hewlett Packard Enterprise from $16.00 to $21.00 and gave the stock a "neutral" rating in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of "Hold" and an average target price of $25.50.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $23.27 on Wednesday. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $26.44. The business has a 50-day moving average of $23.69 and a 200-day moving average of $20.03. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69. The company has a market capitalization of $30.71 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 1.70 and a beta of 1.45.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.35 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $8.77 billion. During the same quarter last year, the firm posted $0.50 EPS. The company's revenue was up 19.8% compared to the same quarter last year. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. On average, equities analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

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 $0.13 dividend. The ex-dividend date was Thursday, September 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.2%. Hewlett Packard Enterprise's payout ratio is 63.41%.

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.

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