Hewlett Packard Enterprise (NYSE:HPE) Shares Purchased by Eagle Asset Management Inc.

22 Nov 2024, 10:22 by Scott Moore · The Cerbat Gem

Eagle Asset Management Inc. raised its holdings in Hewlett Packard Enterprise (NYSE:HPE – Free Report) by 3,537.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,788,154 shares of the technology company’s stock after acquiring an additional 5,629,006 shares during the period. Eagle Asset Management Inc. owned approximately 0.45% of Hewlett Packard Enterprise worth $127,571,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Valley Wealth Managers Inc. acquired a new stake in Hewlett Packard Enterprise during the third quarter worth $26,000. Hazlett Burt & Watson Inc. increased its position in shares of Hewlett Packard Enterprise by 571.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after acquiring an additional 1,143 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter valued at approximately $28,000. Financial Management Professionals Inc. boosted its position in shares of Hewlett Packard Enterprise by 80.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after purchasing an additional 637 shares during the period. Finally, ORG Partners LLC raised its position in Hewlett Packard Enterprise by 224.5% in the second quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock valued at $39,000 after purchasing an additional 1,282 shares during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Trading Up 2.9 %

Shares of NYSE HPE opened at $21.80 on Friday. The stock has a market capitalization of $28.30 billion, a P/E ratio of 15.57, a PEG ratio of 3.36 and a beta of 1.19. The stock’s 50 day moving average price is $20.25 and its two-hundred day moving average price is $19.56. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last released its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The firm had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, analysts anticipate that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Thursday, September 19th. Hewlett Packard Enterprise’s payout ratio is 37.14%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. UBS Group increased their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, September 5th. Loop Capital upped their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Bank of America upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $21.00 to $24.00 in a report on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft began coverage on Hewlett Packard Enterprise in a report on Wednesday, October 9th. They issued a “hold” rating and a $22.00 target price on the stock. Finally, Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the stock from $23.00 to $29.00 in a research report on Monday. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $22.21.

Read Our Latest Report on Hewlett Packard Enterprise

Insider Buying and Selling

In other news, CEO Antonio F. Neri sold 83,334 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the completion of the transaction, the chief executive officer now directly owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. The trade was a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Fidelma Russo sold 55,908 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $19.99, for a total value of $1,117,600.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 426,012 shares of company stock valued at $8,599,617. Insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Company Profile

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