Gator Capital Management LLC Buys 22,500 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• Gator Capital Management LLC significantly increased its stake in Hewlett Packard Enterprise by 214.3%, acquiring an additional 22,500 shares, bringing their total to 33,000 shares valued at approximately $509,000.
• Hewlett Packard Enterprise received several analyst upgrades, including a target price increase from $25.00 to $28.00 by Evercore ISI, and a current consensus rating of "Moderate Buy" with an average price target of $22.87.
• The company announced a quarterly dividend of $0.13 per share, representing a yield of 2.4%, with a payout ratio of 52.53% as of the last earnings report.

Gator Capital Management LLC lifted its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 214.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,000 shares of the technology company's stock after purchasing an additional 22,500 shares during the quarter. Gator Capital Management LLC's holdings in Hewlett Packard Enterprise were worth $509,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Putney Financial Group LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at $25,000. Alpine Bank Wealth Management purchased a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at $25,000. Bruce G. Allen Investments LLC raised its position in shares of Hewlett Packard Enterprise by 345.0% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock valued at $26,000 after buying an additional 1,318 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at $27,000. Finally, Hara Capital LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at $28,000. Institutional investors own 80.78% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on HPE shares. Wolfe Research assumed coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They set a "peer perform" rating on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Bank of America upped their price target on shares of Hewlett Packard Enterprise from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Wells Fargo & Company raised their price target on shares of Hewlett Packard Enterprise from $20.00 to $22.00 and gave the stock an "equal weight" rating in a report on Thursday, July 3rd. Finally, Loop Capital raised their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Monday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.87.

Hewlett Packard Enterprise Stock Down 1.4%

NYSE:HPE traded down $0.3020 during mid-day trading on Tuesday, hitting $21.3280. 11,583,033 shares of the company's stock were exchanged, compared to its average volume of 18,760,830. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $24.66. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96. The business has a fifty day moving average price of $20.02 and a 200 day moving average price of $18.24. The company has a market cap of $27.99 billion, a PE ratio of 21.54, a P/E/G ratio of 3.05 and a beta of 1.37.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.33 by $0.05. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Hewlett Packard Enterprise's quarterly revenue was up 5.9% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.780-1.900 EPS. Q3 2025 guidance at 0.400-0.450 EPS. Equities analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio is currently 52.53%.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP Phil Mottram sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $20.54, for a total transaction of $616,200.00. Following the completion of the sale, the executive vice president owned 42,427 shares of the company's stock, valued at $871,450.58. This trade represents a 41.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeremy Cox sold 68,590 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $18.44, for a total transaction of $1,264,799.60. The disclosure for this sale can be found here. Insiders have sold 128,590 shares of company stock valued at $2,436,000 in the last three months. 0.36% of the stock is owned by insiders.

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.