Vest Financial LLC Sells 16,928 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• Vest Financial LLC has reduced its holdings in Hewlett Packard Enterprise Company by 13.4%, selling 16,928 shares and now holds 109,133 shares valued at approximately $2.23 million.
• Hewlett Packard posted earnings per share of $0.35 for the latest quarter, missing expectations of $0.44, while revenue reached $9.14 billion, exceeding estimates of $8.77 billion.
• The company announced a quarterly dividend of $0.13 per share, representing an annualized yield of 2.1%, with payments set for October 17th.

Vest Financial LLC reduced its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 13.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 109,133 shares of the technology company's stock after selling 16,928 shares during the period. Vest Financial LLC's holdings in Hewlett Packard Enterprise were worth $2,232,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in HPE. Alpine Bank Wealth Management bought a new position in Hewlett Packard Enterprise during the 1st quarter valued at about $25,000. Zions Bancorporation National Association UT bought a new position in Hewlett Packard Enterprise during the 1st quarter valued at about $27,000. MorganRosel Wealth Management LLC bought a new position in Hewlett Packard Enterprise during the 1st quarter valued at about $31,000. Financial Freedom LLC lifted its holdings in Hewlett Packard Enterprise by 76.7% during the 1st quarter. Financial Freedom LLC now owns 2,197 shares of the technology company's stock valued at $34,000 after purchasing an additional 954 shares during the last quarter. Finally, Hilltop National Bank acquired a new stake in Hewlett Packard Enterprise in the 2nd quarter valued at about $35,000. 80.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on HPE. Barclays raised their price objective on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a research report on Thursday, July 3rd. KeyCorp began coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, June 26th. They issued a "sector weight" rating for the company. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. UBS Group upped their price target on Hewlett Packard Enterprise from $18.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, September 4th. Finally, Wolfe Research began coverage on Hewlett Packard Enterprise in a research note on Tuesday, July 8th. They set a "peer perform" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of "Hold" and a consensus target price of $25.06.

Hewlett Packard Enterprise Stock Up 0.8%

Shares of NYSE:HPE opened at $25.00 on Wednesday. The stock has a market cap of $32.99 billion, a price-to-earnings ratio of 30.49, a P/E/G ratio of 2.59 and a beta of 1.45. The company has a 50 day moving average of $23.42 and a 200-day moving average of $19.74. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly 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). Hewlett Packard Enterprise had a net margin of 3.77% and a return on equity of 9.01%. The company had revenue of $9.14 billion during the quarter, compared to analyst estimates of $8.77 billion. During the same quarter last year, the company earned $0.50 EPS. The firm's quarterly 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, sell-side analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Antonio F. Neri sold 166,666 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $22.52, for a total transaction of $3,753,318.32. Following the transaction, the chief executive officer directly owned 1,919,060 shares of the company's stock, valued at approximately $43,217,231.20. This trade represents a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maeve C. Culloty sold 3,738 shares of the firm's stock in a transaction dated 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 three months, insiders have sold 543,738 shares of company stock valued at $12,922,932. 0.36% of the stock is owned by company insiders.

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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