Hewlett Packard Enterprise Company $HPE Stock Sold by Perpetual Ltd

Key Points

• Perpetual Ltd reduced its HPE stake by 6.1% in the third quarter, selling 103,092 shares and retaining 1.60 million shares valued at approximately $102 million. Institutional investors collectively own 80.78% of HPE.
• HPE insiders sold 551,456 shares worth about $35.3 million over the past 90 days, including CEO Antonio Neri’s sale of 250,000 shares under a pre-arranged Rule 10b5-1 plan.
• Analyst sentiment remains favorable, with HPE carrying a “Moderate Buy” consensus rating and an average price target of $65.78. The company recently beat quarterly earnings and revenue estimates, reporting $1.11 in EPS and $12.21 billion in revenue.

Perpetual Ltd cut its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 6.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,596,924 shares of the technology company's stock after selling 103,092 shares during the quarter. Hewlett Packard Enterprise makes up about 1.6% of Perpetual Ltd's investment portfolio, making the stock its 19th biggest position. Perpetual Ltd owned about 0.12% of Hewlett Packard Enterprise worth $102,027,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Sacks & Associates LLC bought a new position in Hewlett Packard Enterprise in the 3rd quarter worth approximately $1,098,000. Sound Income Strategies LLC bought a new stake in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $826,000. GK Wealth Management LLC purchased a new position in shares of Hewlett Packard Enterprise in the third quarter worth $145,000. Castle Rock Wealth Management LLC lifted its holdings in shares of Hewlett Packard Enterprise by 24.5% in the third quarter. Castle Rock Wealth Management LLC now owns 28,037 shares of the technology company's stock worth $1,976,000 after buying an additional 5,521 shares in the last quarter. Finally, Bill Few Associates Inc. purchased a new position in shares of Hewlett Packard Enterprise in the third quarter worth $244,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Antonio Neri sold 250,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $68.31, for a total value of $17,077,500.00. Following the completion of the transaction, the chief executive officer owned 1,182,393 shares in the company, valued at approximately $80,769,265.83. The trade was a 17.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary M. Reiner sold 17,000 shares of the business's stock in a transaction that occurred 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 transaction, the director directly owned 65,072 shares in the company, valued at approximately $3,703,247.52. This represents a 20.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 551,456 shares of company stock valued at $35,271,258 in the last ninety days. Insiders own 0.44% of the company's stock.

Analyst Upgrades and Downgrades

HPE has been the subject of several research analyst reports. Truist Financial reaffirmed a "buy" rating and set a $75.00 target price (up from $70.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, October 1st. Evercore boosted their price target on shares of Hewlett Packard Enterprise from $65.00 to $67.00 and gave the stock an "outperform" rating in a research note on Thursday, October 1st. Daiwa Securities Group upgraded shares of Hewlett Packard Enterprise from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $65.00 to $75.00 in a research note on Friday, October 2nd. UBS Group increased their price objective on shares of Hewlett Packard Enterprise from $59.00 to $66.00 and gave the company a "neutral" rating in a report on Thursday, October 1st. Finally, Argus restated a "buy" rating and set a $70.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $65.78.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE:HPE opened at $70.26 on Tuesday. Hewlett Packard Enterprise Company has a 52 week low of $19.84 and a 52 week high of $73.56. The stock has a market capitalization of $93.27 billion, a P/E ratio of 36.59, a PEG ratio of 0.65 and a beta of 1.39. The firm has a fifty day simple moving average of $58.65 and a two-hundred day simple moving average of $45.45. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 0.65.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.18. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The firm had revenue of $12.21 billion for the quarter, compared to the consensus estimate of $11.97 billion. During the same period in the previous year, the firm posted $0.44 EPS. The business's quarterly revenue was up 33.7% on a year-over-year basis. 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. On average, 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 disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, September 17th will be paid a $0.1425 dividend. This represents a $0.57 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, September 17th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 29.69%.

Hewlett Packard Enterprise Profile

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

HPE's portfolio includes enterprise servers, high-performance computing systems, data storage, networking equipment, software and technology consulting services. The company also provides hybrid cloud and as-a-service solutions through HPE GreenLake, allowing customers to access and manage computing, storage, data protection and other IT capabilities through a flexible consumption model.

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