Ethic Inc. Buys 10,802 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• Ethic Inc. increased its holdings in Hewlett Packard Enterprise Company by 5.0%, acquiring an additional 10,802 shares during the second quarter, bringing its total to 228,881 shares valued at approximately $4.68 million.
• Insider transactions include CEO Antonio F. Neri selling 166,666 shares for about $4.17 million, resulting in a 9.51% decrease in his ownership of the stock.
• Recent analyst reports set varying price targets for HPE, with Barclays raising its target from $26 to $27 and others ranging from $24 to $25, indicating a mix of ratings from Strong Buy to Hold.

Ethic Inc. raised its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 5.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,881 shares of the technology company's stock after buying an additional 10,802 shares during the period. Ethic Inc.'s holdings in Hewlett Packard Enterprise were worth $4,681,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HPE. Alpine Bank Wealth Management bought a new position in Hewlett Packard Enterprise during the first quarter valued at about $25,000. Zions Bancorporation National Association UT bought a new position in Hewlett Packard Enterprise during the first quarter valued at about $27,000. MorganRosel Wealth Management LLC bought a new position in Hewlett Packard Enterprise during the first quarter valued at about $31,000. Hilltop National Bank bought a new position in Hewlett Packard Enterprise during the second quarter valued at about $35,000. Finally, Transce3nd LLC raised its holdings 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 buying an additional 2,291 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Maeve C. Culloty sold 3,738 shares of the company's stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total value of $93,898.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Antonio F. Neri sold 166,666 shares of the company's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $25.03, for a total value of $4,171,649.98. Following the completion of the sale, the chief executive officer owned 1,585,726 shares in the company, valued at approximately $39,690,721.78. This represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 543,738 shares of company stock worth $12,922,932. Company insiders own 0.36% of the company's stock.

Analysts Set New Price Targets

HPE has been the topic of several recent research reports. Sanford C. Bernstein began coverage on Hewlett Packard Enterprise in a report on Tuesday, September 16th. They set a "market perform" rating and a $24.00 target price on the stock. Barclays boosted their price objective on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock an "overweight" rating in a research report on Thursday, October 16th. Piper Sandler assumed coverage on Hewlett Packard Enterprise in a research report on Wednesday. They set a "neutral" rating and a $24.00 price objective for the company. Zacks Research cut Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 29th. Finally, Bank of America boosted their price objective on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd. One 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.com, the company presently has an average rating of "Hold" and an average price target of $25.41.

Hewlett Packard Enterprise Trading Up 0.4%

Shares of HPE opened at $23.18 on Friday. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $26.44. 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 capitalization of $30.58 billion, a price-to-earnings ratio of 28.26, a P/E/G ratio of 1.71 and a beta of 1.45. The stock's 50-day moving average price is $23.76 and its 200 day moving average price is $20.12.

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 the consensus estimate of $0.44 by ($0.09). Hewlett Packard Enterprise had a net margin of 3.77% and a return on equity of 9.01%. The firm had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.77 billion. During the same quarter in the prior year, the firm earned $0.50 earnings per share. The company'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, research analysts predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, September 18th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Thursday, September 18th. Hewlett Packard Enterprise's dividend payout ratio is currently 63.41%.

Hewlett Packard Enterprise Company 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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