Ritholtz Wealth Management Grows Stake in Hewlett Packard Enterprise Company $HPE

Key Points

• Ritholtz Wealth Management increased its stake in Hewlett Packard Enterprise by 14.8%, owning a total of 108,843 shares valued at approximately $2.23 million at the end of the reporting period.
• Several institutional investors, including Sagespring Wealth Partners and Wilmington Savings Fund Society, have also expanded their holdings in Hewlett Packard Enterprise during the same quarter, indicating strong interest from larger investors.
• Hewlett Packard Enterprise recently missed earnings expectations, reporting $0.35 EPS, while also announcing a quarterly dividend of $0.13 per share, demonstrating ongoing financial volatility.

Ritholtz Wealth Management boosted its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 14.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,843 shares of the technology company's stock after acquiring an additional 14,062 shares during the period. Ritholtz Wealth Management's holdings in Hewlett Packard Enterprise were worth $2,226,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Sagespring Wealth Partners LLC grew its stake in Hewlett Packard Enterprise by 18.8% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 12,612 shares of the technology company's stock valued at $258,000 after acquiring an additional 1,995 shares in the last quarter. Wilmington Savings Fund Society FSB grew its stake in Hewlett Packard Enterprise by 25.3% during the 2nd quarter. Wilmington Savings Fund Society FSB now owns 28,305 shares of the technology company's stock valued at $579,000 after acquiring an additional 5,708 shares in the last quarter. Morningstar Investment Management LLC purchased a new stake in Hewlett Packard Enterprise during the 2nd quarter valued at about $227,000. Sequoia Financial Advisors LLC grew its stake in Hewlett Packard Enterprise by 97.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 42,508 shares of the technology company's stock valued at $869,000 after acquiring an additional 20,971 shares in the last quarter. Finally, MGO One Seven LLC purchased a new stake in Hewlett Packard Enterprise during the 2nd quarter valued at about $377,000. Hedge funds and other institutional investors own 80.78% of the company's stock.

Wall Street Analyst Weigh In

HPE has been the subject of several research reports. Morgan Stanley raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $22.00 to $28.00 in a research note on Thursday, August 21st. Zacks Research cut shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. Citigroup upped their price objective on shares of Hewlett Packard Enterprise from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Monday, October 6th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, Raymond James Financial increased their price target on shares of Hewlett Packard Enterprise from $29.00 to $30.00 and gave the company a "strong-buy" rating in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $25.50.

Insider Transactions at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 40,000 shares of the company's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $24.58, for a total value of $983,200.00. Following the transaction, the director directly owned 83,869 shares in the company, valued at approximately $2,061,500.02. This represents a 32.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Maeve C. Culloty sold 3,738 shares of the company'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 disclosure for this sale can be found here. In the last three months, insiders have sold 543,738 shares of company stock worth $12,922,932. 0.36% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $22.55 on Friday. The firm has a 50 day simple moving average of $23.56 and a 200-day simple moving average of $19.82. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $26.44. 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 stock has a market cap of $29.75 billion, a price-to-earnings ratio of 27.50, a price-to-earnings-growth ratio of 1.86 and a beta of 1.45.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $9.14 billion during the quarter, compared to analyst estimates of $8.77 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. The business's revenue 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, analysts expect 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 will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, September 18th. Hewlett Packard Enterprise's dividend payout ratio is currently 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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