Canal Insurance CO bought a new stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,000 shares of the technology company's stock, valued at approximately $409,000.
Several other hedge funds have also recently added to or reduced their stakes in HPE. Alpine Bank Wealth Management acquired a new stake in shares of Hewlett Packard Enterprise during the first quarter worth $25,000. Zions Bancorporation National Association UT acquired a new position in Hewlett Packard Enterprise in the first quarter valued at $27,000. MorganRosel Wealth Management LLC bought a new stake in Hewlett Packard Enterprise during the first quarter valued at $31,000. Hilltop National Bank acquired a new stake in Hewlett Packard Enterprise during the 2nd quarter worth about $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 worth $37,000 after acquiring an additional 2,291 shares during the period. Institutional investors own 80.78% of the company's stock.
Hewlett Packard Enterprise Stock Performance
HPE stock opened at $23.10 on Thursday. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. The firm has a market cap of $30.47 billion, a PE ratio of 28.16, a P/E/G ratio of 1.73 and a beta of 1.45. The business has a 50 day moving average of $23.72 and a 200-day moving average of $20.05. 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 posted its quarterly earnings data on Wednesday, September 3rd. The technology company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.09). The business had revenue of $9.14 billion during 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 firm's revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.50 EPS. 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 expect that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.
Hewlett Packard Enterprise Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 18th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, September 18th. This represents a $0.52 annualized dividend and a yield of 2.3%. Hewlett Packard Enterprise's dividend payout ratio is presently 63.41%.
Insider Buying and Selling
In other news, CEO Antonio F. Neri sold 166,666 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $25.03, for a total transaction of $4,171,649.98. Following the completion of the transaction, the chief executive officer directly owned 1,585,726 shares of the company's stock, valued at $39,690,721.78. This represents a 9.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maeve C. Culloty sold 3,738 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total transaction of $93,898.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 543,738 shares of company stock worth $12,922,932. Insiders own 0.36% of the company's stock.
Wall Street Analysts Forecast Growth
HPE has been the topic of a number of recent analyst reports. Morgan Stanley raised Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $22.00 to $28.00 in a research note on Thursday, August 21st. Piper Sandler assumed coverage on Hewlett Packard Enterprise in a research note on Wednesday. They issued a "neutral" rating and a $24.00 price target on the stock. Sanford C. Bernstein started coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, September 16th. They set a "market perform" rating and a $24.00 price objective for the company. Wolfe Research started coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, July 8th. They set a "peer perform" rating on the stock. Finally, The Goldman Sachs Group lifted their target price on Hewlett Packard Enterprise from $27.00 to $31.00 and gave the company a "neutral" rating in a research report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $25.41.
Check Out Our Latest Stock Report on HPE
About Hewlett Packard Enterprise
(
Free Report)
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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