Callan Family Office LLC Invests $619,000 in Hewlett Packard Enterprise Company $HPE

Key Points

• Callan Family Office LLC has invested approximately $619,000 in Hewlett Packard Enterprise Company (NYSE:HPE) by acquiring 30,293 shares during the second quarter.
• Hewlett Packard Enterprise reported $0.35 EPS, missing analysts' consensus estimates of $0.44, while its revenue for the quarter was $9.14 billion, above expectations.
• The company announced a quarterly dividend of $0.13 per share to be paid on October 17th, reflecting a 2.1% dividend yield.

Callan Family Office LLC purchased a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,293 shares of the technology company's stock, valued at approximately $619,000.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Hewlett Packard Enterprise by 1.7% during the first quarter. Vanguard Group Inc. now owns 167,199,996 shares of the technology company's stock worth $2,579,896,000 after buying an additional 2,779,446 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Hewlett Packard Enterprise by 15.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,584,742 shares of the technology company's stock worth $271,333,000 after buying an additional 2,373,850 shares during the period. Northern Trust Corp increased its stake in shares of Hewlett Packard Enterprise by 3.4% during the first quarter. Northern Trust Corp now owns 16,730,015 shares of the technology company's stock worth $258,144,000 after buying an additional 545,775 shares during the period. National Bank of Canada FI increased its stake in shares of Hewlett Packard Enterprise by 1,369.1% during the first quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company's stock worth $251,192,000 after buying an additional 15,171,314 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Hewlett Packard Enterprise by 45.6% during the first quarter. AQR Capital Management LLC now owns 12,521,303 shares of the technology company's stock worth $193,078,000 after buying an additional 3,922,516 shares during the period. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $24.78 on Tuesday. 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 firm has a market cap of $32.69 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 2.55 and a beta of 1.45. The company's 50 day simple moving average is $23.32 and its 200-day simple moving average is $19.70. 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 - Get Free Report) last announced its 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). The business had revenue of $9.14 billion for the quarter, compared to analysts' expectations of $8.77 billion. Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.The business's revenue was up 19.8% on a year-over-year basis. During the same quarter last year, the business posted $0.50 earnings per share. 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, equities analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.1%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 63.41%.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP Maeve C. Culloty sold 3,738 shares of the stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total transaction of $93,898.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gary M. Reiner sold 40,000 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $24.58, for a total value of $983,200.00. Following the sale, the director directly owned 83,869 shares of the company's stock, valued at approximately $2,061,500.02. This represents a 32.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 543,738 shares of company stock worth $12,922,932. Insiders own 0.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HPE shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. started coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, July 17th. They issued an "overweight" rating and a $30.00 price target on the stock. UBS Group increased their price target on shares of Hewlett Packard Enterprise from $18.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, September 4th. Citigroup increased their price target on shares of Hewlett Packard Enterprise from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Monday, October 6th. Finally, Zacks Research lowered shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $25.06.

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.

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