VIRGINIA RETIREMENT SYSTEMS ET Al Invests $2.42 Million in Hewlett Packard Enterprise Company $HPE

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund bought 118,300 shares of the technology company's stock, valued at approximately $2,419,000.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in Hewlett Packard Enterprise by 14.4% in the 1st quarter. GAMMA Investing LLC now owns 17,760 shares of the technology company's stock worth $274,000 after acquiring an additional 2,239 shares during the last quarter. Johnson Investment Counsel Inc. purchased a new position in Hewlett Packard Enterprise during the 1st quarter valued at about $157,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Hewlett Packard Enterprise during the first quarter worth about $589,000. Asset Management One Co. Ltd. grew its holdings in shares of Hewlett Packard Enterprise by 5.0% during the first quarter. Asset Management One Co. Ltd. now owns 534,876 shares of the technology company's stock worth $8,253,000 after purchasing an additional 25,342 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC grew its holdings in shares of Hewlett Packard Enterprise by 1.1% during the first quarter. Chevy Chase Trust Holdings LLC now owns 691,073 shares of the technology company's stock worth $10,663,000 after purchasing an additional 7,590 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors.

Insider Transactions at Hewlett Packard Enterprise

In other news, EVP Maeve C. Culloty sold 3,738 shares of the stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total value of $93,898.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Antonio F. Neri sold 166,666 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $25.03, for a total value of $4,171,649.98. Following the completion of the sale, the chief executive officer directly owned 1,585,726 shares in the company, valued at approximately $39,690,721.78. This represents a 9.51% decrease in their ownership of the stock. 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. Insiders own 0.36% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Evercore ISI boosted their price objective on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. KeyCorp began coverage on Hewlett Packard Enterprise in a research report on Thursday, June 26th. They issued a "sector weight" rating for the company. The Goldman Sachs Group boosted their target price on Hewlett Packard Enterprise from $27.00 to $31.00 and gave the stock a "neutral" rating in a research report on Thursday, October 16th. Citigroup boosted their target price on Hewlett Packard Enterprise from $26.00 to $28.00 and gave the stock a "buy" rating in a research report on Monday, October 6th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 8th. One investment 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $25.50.

Hewlett Packard Enterprise Price Performance

Shares of Hewlett Packard Enterprise stock opened at $23.27 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. The company has a market cap of $30.71 billion, a PE ratio of 28.38, a P/E/G ratio of 1.70 and a beta of 1.45. The business has a 50 day moving average of $23.69 and a 200 day moving average of $20.03. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued 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). The firm had revenue of $9.14 billion during the quarter, compared to analysts' expectations of $8.77 billion. Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.Hewlett Packard Enterprise's revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the previous year, the company earned $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, equities research analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, September 18th. Hewlett Packard Enterprise's dividend payout ratio is currently 63.41%.

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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