Morningstar Investment Management LLC Acquires New Position in Hewlett Packard Enterprise Company $HPE

Key Points

• Morningstar Investment Management LLC has acquired a new stake in Hewlett Packard Enterprise, purchasing 11,122 shares valued at approximately $227,000 in the second quarter.
• Barclays, Goldman Sachs, and Citigroup have all raised their price targets for HPE stock, indicating a positive outlook with ratings ranging from "neutral" to "buy."
• Hewlett Packard Enterprise recently announced a quarterly dividend of $0.13 per share, representing a 2.1% dividend yield, with the ex-dividend date set for September 18th.

Morningstar Investment Management LLC acquired a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 11,122 shares of the technology company's stock, valued at approximately $227,000.

Other hedge funds also recently made changes to their positions in the company. Shell Asset Management Co. lifted its holdings in Hewlett Packard Enterprise by 42.4% in the 2nd 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 purchased a new position in Hewlett Packard Enterprise in the 1st quarter worth approximately $15,663,000. Sowell Financial Services LLC purchased a new position in Hewlett Packard Enterprise in the 1st quarter worth approximately $301,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Hewlett Packard Enterprise by 22.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,320 shares of the technology company's stock worth $2,421,000 after purchasing an additional 28,123 shares in the last quarter. Finally, Signal Advisors Wealth LLC purchased a new position in Hewlett Packard Enterprise in the 2nd quarter worth approximately $300,000. 80.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on HPE shares. Barclays boosted their price target on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an "overweight" rating in a report on Thursday, July 3rd. The Goldman Sachs Group boosted their price target on Hewlett Packard Enterprise from $25.00 to $27.00 and gave the stock a "neutral" rating in a report on Thursday, October 2nd. Citigroup boosted their price target on Hewlett Packard Enterprise from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Monday, October 6th. Susquehanna upped their price objective on Hewlett Packard Enterprise from $16.00 to $21.00 and gave the stock a "neutral" rating in a report on Thursday, September 4th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $25.06.

Hewlett Packard Enterprise Stock Up 0.8%

Shares of HPE opened at $25.00 on Wednesday. The stock has a market capitalization of $32.99 billion, a price-to-earnings ratio of 30.49, a price-to-earnings-growth ratio of 2.59 and a beta of 1.45. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69. The business's 50 day simple moving average is $23.42 and its 200-day simple moving average is $19.74. Hewlett Packard Enterprise Company has a 1 year low of $11.97 and a 1 year high of $26.44.

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

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.1%. Hewlett Packard Enterprise's payout ratio is currently 63.41%.

Insider Activity

In other news, 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 transaction of $983,200.00. Following the transaction, the director owned 83,869 shares of the company's stock, valued at approximately $2,061,500.02. The trade was a 32.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Maeve C. Culloty sold 3,738 shares of the business's stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total value of $93,898.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 543,738 shares of company stock valued at $12,922,932. 0.36% of the stock is currently 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.

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