Hewlett Packard Enterprise Company $HPE Position Reduced by One Way Holdings LLC

Key Points

• One Way Holdings reduced its HPE position by 28.9% in the third quarter, selling 310,388 shares and retaining 762,844 shares worth approximately $48.7 million. Institutional investors collectively own 80.78% of HPE.
• Analysts maintain a generally positive outlook, with HPE receiving a “Moderate Buy” consensus rating and an average price target of $65.44. Several firms recently raised their targets, including Citigroup to $92.
• HPE reported stronger-than-expected quarterly results, with adjusted earnings of $1.11 per share and revenue of $12.21 billion, up 33.7% year over year. The company also pays a quarterly dividend of $0.1425 per share, equivalent to a 1.0% annualized yield.

One Way Holdings LLC decreased its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 28.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 762,844 shares of the technology company's stock after selling 310,388 shares during the quarter. Hewlett Packard Enterprise makes up 2.2% of One Way Holdings LLC's portfolio, making the stock its 6th biggest holding. One Way Holdings LLC owned 0.06% of Hewlett Packard Enterprise worth $48,738,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Welch Group LLC purchased a new position in Hewlett Packard Enterprise during the third quarter valued at $259,000. True Freedom Investing LLC bought a new stake in Hewlett Packard Enterprise during the third quarter valued at about $1,280,000. Walled Lake Planning & Wealth Management LLC increased its position in Hewlett Packard Enterprise by 4.1% in the third quarter. Walled Lake Planning & Wealth Management LLC now owns 33,860 shares of the technology company's stock worth $2,163,000 after buying an additional 1,318 shares in the last quarter. Pinkerton Wealth LLC purchased a new stake in Hewlett Packard Enterprise in the third quarter worth about $719,000. Finally, Virtue Capital Management LLC raised its stake in shares of Hewlett Packard Enterprise by 10.8% in the third quarter. Virtue Capital Management LLC now owns 10,998 shares of the technology company's stock worth $703,000 after buying an additional 1,073 shares during the period. 80.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HPE has been the topic of several analyst reports. Citigroup lifted their price target on shares of Hewlett Packard Enterprise from $76.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, October 1st. Wall Street Zen raised shares of Hewlett Packard Enterprise from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 30th. JPMorgan Chase & Co. raised their price objective on shares of Hewlett Packard Enterprise from $68.00 to $70.00 in a research report on Tuesday, August 25th. Bank of America lifted their target price on shares of Hewlett Packard Enterprise from $80.00 to $82.00 and gave the company a "buy" rating in a research note on Monday, August 31st. Finally, The Goldman Sachs Group upped their target price on shares of Hewlett Packard Enterprise from $75.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of "Moderate Buy" and an average target price of $65.44.

Hewlett Packard Enterprise Stock Up 0.2%

Shares of HPE opened at $55.22 on Monday. The business's 50 day moving average is $59.71 and its 200 day moving average is $40.71. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 0.65. Hewlett Packard Enterprise Company has a 12-month low of $19.84 and a 12-month high of $73.56. The company has a market capitalization of $73.31 billion, a PE ratio of 28.76, a price-to-earnings-growth ratio of 0.46 and a beta of 1.39.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.18. Hewlett Packard Enterprise had a return on equity of 15.50% and a net margin of 6.60%. The business had revenue of $12.21 billion during the quarter, compared to the consensus estimate of $11.97 billion. During the same period in the prior year, the company posted $0.44 EPS. The firm's revenue for the quarter was up 33.7% compared to the same quarter last year. Hewlett Packard Enterprise has set its Q4 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 3.750-3.850 EPS. Research analysts expect that Hewlett Packard Enterprise Company will post 3.34 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, September 17th were given a dividend of $0.1425 per share. The ex-dividend date was Thursday, September 17th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.0%. Hewlett Packard Enterprise's dividend payout ratio is currently 29.69%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, Director Gary Reiner sold 17,000 shares of the business's stock in a transaction on Monday, September 14th. The shares were sold at an average price of $56.91, for a total value of $967,470.00. Following the sale, the director owned 65,072 shares in the company, valued at $3,703,247.52. The trade was a 20.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rami Rahim sold 34,456 shares of the business's stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $61.42, for a total transaction of $2,116,287.52. Following the completion of the sale, the executive vice president owned 875,133 shares in the company, valued at approximately $53,750,668.86. The trade was a 3.79% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 585,899 shares of company stock worth $37,270,329. 0.44% of the stock is owned by insiders.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company NYSE: HPE is a global technology company that provides information technology solutions for businesses, governments and other organizations. Its offerings are designed to help customers build, manage and modernize data centers, hybrid cloud environments and edge computing operations.

HPE's portfolio includes enterprise servers and compute systems, data storage, networking products, high-performance computing and artificial intelligence infrastructure.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.