GRIMES & Co WEALTH MANAGEMENT LLC Sells 117,617 Shares of Hewlett Packard Enterprise Company $HPE

GRIMES & Co WEALTH MANAGEMENT LLC lessened its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 12.7% in the third quarter, Holdings Channel reports. The institutional investor owned 806,980 shares of the technology company’s stock after selling 117,617 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Hewlett Packard Enterprise were worth $19,819,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. TFC Financial Management Inc. raised its stake in shares of Hewlett Packard Enterprise by 2,694.4% during the third quarter. TFC Financial Management Inc. now owns 1,006 shares of the technology company’s stock valued at $25,000 after acquiring an additional 970 shares during the last quarter. Headlands Technologies LLC bought a new position in Hewlett Packard Enterprise during the 2nd quarter worth $26,000. CVA Family Office LLC raised its position in Hewlett Packard Enterprise by 126.7% during the 2nd quarter. CVA Family Office LLC now owns 1,437 shares of the technology company’s stock worth $29,000 after purchasing an additional 803 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in Hewlett Packard Enterprise by 74.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,611 shares of the technology company’s stock worth $33,000 after buying an additional 687 shares during the period. Finally, Hilltop National Bank bought a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter valued at about $35,000. 80.78% of the stock is owned by institutional investors.

Insider Activity

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 13,463 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $24.68, for a total transaction of $332,266.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maeve C. Culloty sold 35,958 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $24.66, for a total transaction of $886,724.28. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 585,537 shares of company stock valued at $14,255,864. Corporate insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

HPE has been the subject of a number of recent analyst reports. Argus increased their target price on shares of Hewlett Packard Enterprise from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. The Goldman Sachs Group upped their price objective on shares of Hewlett Packard Enterprise from $27.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Morgan Stanley reissued an “equal weight” rating and set a $25.00 target price (down previously from $28.00) on shares of Hewlett Packard Enterprise in a research note on Monday, November 17th. Sanford C. Bernstein began 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, UBS Group increased their price target on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $25.53.

Hewlett Packard Enterprise Trading Down 0.4%

NYSE:HPE opened at $22.08 on Tuesday. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $26.44. The company has a current ratio of 1.01, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $29.47 billion, a price-to-earnings ratio of -367.99, a PEG ratio of 0.61 and a beta of 1.32. The firm has a fifty day simple moving average of $23.10 and a two-hundred day simple moving average of $22.79.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Thursday, December 4th. The technology company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.03. The firm had revenue of $9.68 billion for the quarter, compared to analyst estimates of $9.91 billion. Hewlett Packard Enterprise had a net margin of 0.17% and a return on equity of 9.15%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 earnings per share. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.250-2.450 EPS and its Q1 2026 guidance at 0.570-0.610 EPS. Analysts expect that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, December 19th will be paid a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 2.6%. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, December 19th. Hewlett Packard Enterprise’s payout ratio is -950.00%.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.

A major focus for HPE is hybrid cloud and consumption-based IT.