Hewlett Packard Enterprise Company $HPE Shares Purchased by Forum Financial Management LP

Key Points

• Forum Financial Management LP increased its holdings in Hewlett Packard Enterprise (HPE) by 48.3%, owning 33,357 shares after purchasing an additional 10,864 shares.
• The company's most recent earnings report showed an EPS of $0.35, falling short of estimates, with revenue of $9.14 billion, exceeding expectations by 19.8% year-over-year.
• Hewlett Packard Enterprise recently declared a $0.13 per share quarterly dividend, translating to an annualized yield of 2.2%.

Forum Financial Management LP increased its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 48.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,357 shares of the technology company's stock after purchasing an additional 10,864 shares during the quarter. Forum Financial Management LP's holdings in Hewlett Packard Enterprise were worth $682,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of HPE. Vanguard Group Inc. lifted its holdings in Hewlett Packard Enterprise by 1.7% in the first quarter. Vanguard Group Inc. now owns 167,199,996 shares of the technology company's stock valued at $2,579,896,000 after acquiring an additional 2,779,446 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Hewlett Packard Enterprise by 15.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,584,742 shares of the technology company's stock valued at $271,333,000 after acquiring an additional 2,373,850 shares during the period. Northern Trust Corp lifted its holdings in Hewlett Packard Enterprise by 3.4% in the first quarter. Northern Trust Corp now owns 16,730,015 shares of the technology company's stock valued at $258,144,000 after acquiring an additional 545,775 shares during the period. National Bank of Canada FI lifted its holdings in Hewlett Packard Enterprise by 1,369.1% in the first quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company's stock valued at $251,192,000 after acquiring an additional 15,171,314 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Hewlett Packard Enterprise by 45.6% in the first quarter. AQR Capital Management LLC now owns 12,521,303 shares of the technology company's stock valued at $193,078,000 after acquiring an additional 3,922,516 shares during the period. Institutional investors and hedge funds own 80.78% of the company's stock.

Hewlett Packard Enterprise Trading Up 1.4%

Shares of HPE stock opened at $23.51 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $26.44. The company has a market cap of $31.01 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 1.72 and a beta of 1.45. The stock has a 50 day simple moving average of $23.81 and a 200-day simple moving average of $20.20.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.09). Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.The firm had revenue of $9.14 billion for the quarter, compared to analysts' expectations of $8.77 billion. During the same quarter in the previous year, the firm posted $0.50 earnings per share. The firm's revenue for the quarter was up 19.8% compared to the same quarter last year. 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 research analysts expect that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company 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. 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 payout ratio is presently 63.41%.

Analysts Set New Price Targets

A number of brokerages have issued reports on HPE. Piper Sandler began coverage on Hewlett Packard Enterprise in a report on Wednesday. They issued a "neutral" rating and a $24.00 price target for the company. Wolfe Research began coverage on Hewlett Packard Enterprise in a report on Tuesday, July 8th. They issued a "peer perform" rating for the company. JPMorgan Chase & Co. started coverage on Hewlett Packard Enterprise in a report on Thursday, July 17th. They issued an "overweight" rating and a $30.00 price target for the company. The Goldman Sachs Group upped their target price on Hewlett Packard Enterprise from $27.00 to $31.00 and gave the stock a "neutral" rating in a research note on Thursday, October 16th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $25.41.

Insider Buying and Selling

In related news, EVP Maeve C. Culloty sold 3,738 shares of the business'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 transaction of $93,898.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary M. Reiner sold 40,000 shares of the business's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $24.58, for a total value of $983,200.00. Following the sale, the director owned 83,869 shares of the company's stock, valued at $2,061,500.02. The trade was a 32.29% decrease in their ownership of the stock. 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. 0.36% of the stock is owned by corporate insiders.

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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