Sequoia Financial Advisors LLC Grows Holdings in Hewlett Packard Enterprise Company $HPE

Key Points

• Sequoia Financial Advisors LLC increased its stake in Hewlett Packard Enterprise by 97.4%, owning 42,508 shares valued at approximately $869,000 following a significant purchase of 20,971 shares.
• Institutional investors collectively own about 80.78% of Hewlett Packard Enterprise's stock, with several firms like Vanguard and Apollon Wealth Management significantly increasing their holdings in the second quarter.
• Despite reporting lower-than-expected earnings per share of $0.35, Hewlett Packard Enterprise showed a 19.8% year-over-year revenue increase, which was above analysts' estimates.

Sequoia Financial Advisors LLC boosted its holdings in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 97.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,508 shares of the technology company's stock after purchasing an additional 20,971 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Hewlett Packard Enterprise were worth $869,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HPE. MGO One Seven LLC acquired a new position in Hewlett Packard Enterprise in the 2nd quarter valued at $377,000. Board of the Pension Protection Fund acquired a new position in Hewlett Packard Enterprise in the 2nd quarter valued at $1,229,000. Vanguard Personalized Indexing Management LLC increased its stake in Hewlett Packard Enterprise by 38.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 264,070 shares of the technology company's stock valued at $5,400,000 after buying an additional 73,967 shares during the period. Apollon Wealth Management LLC increased its stake in Hewlett Packard Enterprise by 21.3% in the 2nd quarter. Apollon Wealth Management LLC now owns 32,520 shares of the technology company's stock valued at $665,000 after buying an additional 5,706 shares during the period. Finally, Benson Investment Management Company Inc. increased its stake in Hewlett Packard Enterprise by 0.3% in the 2nd quarter. Benson Investment Management Company Inc. now owns 227,291 shares of the technology company's stock valued at $4,648,000 after buying an additional 650 shares during the period. Hedge funds and other institutional investors own 80.78% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. UBS Group boosted their price objective on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday. 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. Wells Fargo & Company upped their price target on shares of Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 4th. The Goldman Sachs Group upped their price target on shares of Hewlett Packard Enterprise from $27.00 to $31.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, Morgan Stanley raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $22.00 to $28.00 in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $25.50.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Maeve C. Culloty sold 3,738 shares of the company's stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total value of $93,898.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gary M. Reiner sold 40,000 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $24.58, for a total transaction of $983,200.00. Following the completion of the transaction, the director owned 83,869 shares in the company, valued at approximately $2,061,500.02. This trade represents a 32.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety 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 Price Performance

Shares of NYSE HPE opened at $23.01 on Friday. The stock has a market cap of $30.36 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 1.70 and a beta of 1.45. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $26.44. The company's 50-day moving average price is $23.61 and its 200 day moving average price is $19.90. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69.

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 analysts' consensus estimates of $0.44 by ($0.09). The business had revenue of $9.14 billion during the quarter, compared to analyst estimates of $8.77 billion. Hewlett Packard Enterprise had a net margin of 3.77% and a return on equity of 9.01%. Hewlett Packard Enterprise's revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 earnings per share. 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, research analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share 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. Shareholders of record on Thursday, September 18th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Thursday, September 18th. Hewlett Packard Enterprise's dividend payout ratio is 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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