MGO One Seven LLC Invests $377,000 in Hewlett Packard Enterprise Company $HPE

Key Points

• MGO One Seven LLC invested $377,000 in Hewlett Packard Enterprise by purchasing 18,422 shares in the second quarter, highlighting growing interest from institutional investors in the company.
• Wall Street analysts have notably increased their price targets for Hewlett Packard Enterprise, with ratings ranging from "outperform" to "strong buy," indicating positive sentiment about the company’s prospects.
• Hewlett Packard Enterprise reported quarterly earnings of $0.35 per share, falling short of estimates, but its revenue increased by 19.8% year-over-year to $9.14 billion.

MGO One Seven LLC purchased a new position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,422 shares of the technology company's stock, valued at approximately $377,000.

Other hedge funds have also made changes to their positions in the company. Shell Asset Management Co. lifted its position in shares of Hewlett Packard Enterprise by 42.4% in the second quarter. Shell Asset Management Co. now owns 116,797 shares of the technology company's stock worth $2,388,000 after purchasing an additional 34,801 shares in the last quarter. Strs Ohio bought a new position in Hewlett Packard Enterprise during the first quarter valued at approximately $15,663,000. Sowell Financial Services LLC bought a new position in Hewlett Packard Enterprise during the first quarter valued at approximately $301,000. Mirae Asset Global Investments Co. Ltd. raised its position in Hewlett Packard Enterprise by 22.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,320 shares of the technology company's stock valued at $2,421,000 after acquiring an additional 28,123 shares in the last quarter. Finally, Signal Advisors Wealth LLC bought a new position in Hewlett Packard Enterprise during the second quarter valued at approximately $300,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HPE has been the topic of several recent research reports. Evercore ISI raised their price objective on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Raymond James Financial raised their price objective on shares of Hewlett Packard Enterprise from $29.00 to $30.00 and gave the company a "strong-buy" rating in a research report on Thursday, September 4th. JPMorgan Chase & Co. initiated coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, July 17th. They set an "overweight" rating and a $30.00 price objective on the stock. Wall Street Zen raised shares of Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Finally, Morgan Stanley upgraded Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $22.00 to $28.00 in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, Hewlett Packard Enterprise has a consensus rating of "Hold" and an average target price of $25.50.

Insider Transactions at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 166,666 shares of the firm's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $25.03, for a total value of $4,171,649.98. Following the sale, the chief executive officer owned 1,585,726 shares in the company, valued at approximately $39,690,721.78. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gary M. Reiner sold 40,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, September 15th. The stock was sold at an average price of $24.58, for a total transaction of $983,200.00. Following the sale, the director owned 83,869 shares in the company, valued at $2,061,500.02. This represents a 32.29% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 543,738 shares of company stock worth $12,922,932. Insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Trading Up 2.3%

Shares of HPE stock opened at $23.01 on Friday. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $26.44. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. The business's 50 day moving average is $23.61 and its two-hundred day moving average is $19.90. The company has a market cap of $30.36 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 1.70 and a beta of 1.45.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings data on Wednesday, September 3rd. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.09). The company had revenue of $9.14 billion during the quarter, compared to analyst estimates of $8.77 billion. Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.The company's revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.50 EPS. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. Equities analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, September 18th were paid a $0.13 dividend. The ex-dividend date was Thursday, September 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.3%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 63.41%.

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.

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