Kovitz Investment Group Partners LLC Has $4.66 Million Stock Position in Hewlett Packard Enterprise Company $HPE

Key Points

• Kovitz Investment Group Partners LLC increased its holdings in Hewlett Packard Enterprise by 199.9% in the first quarter, acquiring an additional 201,384 shares for a total of 302,149 shares valued at approximately $4.66 million.
• Hewlett Packard Enterprise reported earnings of $0.38 per share for the quarter, exceeding analyst expectations and reflecting a 5.9% year-over-year revenue growth with total revenue of $7.63 billion.
• The company declared a quarterly dividend of $0.13 per share, representing an annualized yield of 2.5%, with a payout ratio of 52.53%.

Kovitz Investment Group Partners LLC boosted its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 199.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 302,149 shares of the technology company's stock after acquiring an additional 201,384 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Hewlett Packard Enterprise were worth $4,662,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in HPE. Putney Financial Group LLC purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at $25,000. Alpine Bank Wealth Management acquired a new stake in Hewlett Packard Enterprise during the first quarter worth approximately $25,000. Bruce G. Allen Investments LLC lifted 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 worth $26,000 after buying an additional 1,318 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in Hewlett Packard Enterprise in the first quarter valued at $27,000. Finally, Hara Capital LLC purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Up 3.3%

Shares of Hewlett Packard Enterprise stock traded up $0.7240 during trading on Friday, reaching $22.5440. The company had a trading volume of 6,455,331 shares, compared to its average volume of 18,677,953. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $24.66. The firm's fifty day moving average is $20.21 and its 200-day moving average is $18.29. The company has a market cap of $29.58 billion, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 3.03 and a beta of 1.37.

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

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 52.53%.

Analyst Ratings Changes

HPE has been the topic of several research analyst reports. Citigroup started coverage on Hewlett Packard Enterprise in a research report on Friday, July 25th. They set a "buy" rating and a $25.00 price target on the stock. Wolfe Research started coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They set a "peer perform" rating on the stock. Bank of America upped their target price on shares of Hewlett Packard Enterprise from $23.00 to $24.00 and gave the company a "buy" rating in a report on Friday, July 11th. Loop Capital increased their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a research note on Monday, June 9th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Hewlett Packard Enterprise in a report on Thursday, July 17th. They issued an "overweight" rating and a $30.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of "Moderate Buy" and a consensus target price of $23.27.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 68,590 shares of the business's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $18.44, for a total value of $1,264,799.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Phil Mottram sold 30,000 shares of the company's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $20.54, for a total value 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 approximately $871,450.58. This trade represents a 41.42% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 128,590 shares of company stock worth $2,436,000. 0.36% of the stock is owned by 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.