Roman Butler Fullerton & Co. Acquires Shares of 11,828 Hewlett Packard Enterprise Company $HPE

Key Points

• Roman Butler Fullerton & Co. acquired 11,828 shares of Hewlett Packard Enterprise, valued at approximately $245,000, during the second quarter as reported in their recent 13F filing.
• Barclays and Goldman Sachs recently increased their price targets for Hewlett Packard Enterprise, with Barclays raising it from $26.00 to $27.00, and Goldman Sachs from $27.00 to $31.00.
• The company recently announced a quarterly dividend of $0.13, representing a 2.2% dividend yield, with a payout ratio of 63.41%.

Roman Butler Fullerton & Co. acquired a new stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,828 shares of the technology company's stock, valued at approximately $245,000.

Other hedge funds have also recently modified their holdings of the company. Alpine Bank Wealth Management purchased a new position in shares of Hewlett Packard Enterprise in the first quarter valued at about $25,000. Hilltop National Bank purchased a new position in shares of Hewlett Packard Enterprise in the second quarter valued at about $35,000. Zions Bancorporation National Association UT purchased a new position in shares of Hewlett Packard Enterprise in the first quarter valued at about $27,000. MorganRosel Wealth Management LLC purchased a new position in shares of Hewlett Packard Enterprise in the first quarter valued at about $31,000. Finally, Transce3nd LLC increased its position in shares of Hewlett Packard Enterprise by 2,937.2% in the first quarter. Transce3nd LLC now owns 2,369 shares of the technology company's stock valued at $37,000 after acquiring an additional 2,291 shares during the period. Hedge funds and other institutional investors own 80.78% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Barclays boosted their price target on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company an "overweight" rating in a research report on Thursday, October 16th. Wolfe Research assumed coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They set a "peer perform" rating on the stock. The Goldman Sachs Group boosted their price target on shares of Hewlett Packard Enterprise from $27.00 to $31.00 and gave the company a "neutral" rating in a research report on Thursday, October 16th. Sanford C. Bernstein assumed coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, September 16th. They set a "market perform" rating and a $24.00 price target on the stock. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and thirteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of "Hold" and a consensus target price of $25.41.

Insider Transactions at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 166,666 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $22.52, for a total value of $3,753,318.32. Following the transaction, the chief executive officer owned 1,919,060 shares in the company, valued at approximately $43,217,231.20. This represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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. Over the last 90 days, insiders have sold 543,738 shares of company stock worth $12,922,932. Corporate insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Trading Up 0.4%

NYSE:HPE opened at $23.18 on Friday. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one 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 company's 50-day simple moving average is $23.76 and its 200 day simple moving average is $20.12. The firm has a market capitalization of $30.58 billion, a P/E ratio of 28.26, a PEG ratio of 1.71 and a beta of 1.45.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted 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 business had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.77 billion. During the same period in the previous year, the firm earned $0.50 EPS. The company's revenue was up 19.8% on a year-over-year basis. 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, analysts forecast that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, September 18th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Thursday, September 18th. Hewlett Packard Enterprise's dividend payout ratio is currently 63.41%.

About Hewlett Packard Enterprise

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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