Foster & Motley Inc. Reduces Stock Holdings in Hewlett Packard Enterprise Company $HPE

Key Points

• Foster & Motley Inc. has reduced its holdings in Hewlett Packard Enterprise by 4.8%, now owning approximately $7.59 million worth of the company's stock after selling 18,765 shares in the second quarter.
• Hewlett Packard Enterprise reported earnings of $0.35 per share, missing analysts' expectations, while quarterly revenue rose 19.8% year-over-year to $9.14 billion.
• The company recently announced a quarterly dividend of $0.13 per share, representing an annualized yield of 2.3%, with a current dividend payout ratio of 63.41%.

Foster & Motley Inc. reduced its holdings in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 4.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 371,167 shares of the technology company's stock after selling 18,765 shares during the period. Foster & Motley Inc.'s holdings in Hewlett Packard Enterprise were worth $7,590,000 at the end of the most recent quarter.

Other large 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 1st quarter valued at $25,000. Zions Bancorporation National Association UT purchased a new stake in shares of Hewlett Packard Enterprise in the 1st quarter valued at $27,000. MorganRosel Wealth Management LLC purchased a new stake in Hewlett Packard Enterprise during the first quarter worth $31,000. Hilltop National Bank purchased a new stake in Hewlett Packard Enterprise during the second quarter worth $35,000. Finally, Transce3nd LLC boosted 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 worth $37,000 after buying an additional 2,291 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $23.01 on Friday. The firm has a 50-day simple moving average of $23.61 and a 200-day simple moving average of $19.87. The stock has a market capitalization of $30.36 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $26.44.

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

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed 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. This represents a $0.52 annualized dividend and a yield of 2.3%. The ex-dividend date was Thursday, September 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 63.41%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Hewlett Packard Enterprise in a report on Thursday, July 17th. They set an "overweight" rating and a $30.00 price target on the stock. Zacks Research downgraded shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. The Goldman Sachs Group increased their price objective on shares of Hewlett Packard Enterprise from $27.00 to $31.00 and gave the company a "neutral" rating in a report on Thursday. Susquehanna increased their price objective on shares of Hewlett Packard Enterprise from $16.00 to $21.00 and gave the company a "neutral" rating in a report on Thursday, September 4th. Finally, Barclays increased their price objective on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company an "overweight" rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $25.50.

Insider Buying and Selling

In related news, CEO Antonio F. Neri sold 166,666 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer directly owned 1,585,726 shares in the company, valued at approximately $39,690,721.78. This trade represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maeve C. Culloty sold 3,738 shares of the stock in a transaction dated 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 ninety days, insiders sold 543,738 shares of company stock worth $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.

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