Wealth Enhancement Advisory Services LLC Acquires 34,232 Shares of Hewlett Packard Enterprise Company $HPE

Wealth Enhancement Advisory Services LLC grew its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 16.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 248,350 shares of the technology company’s stock after acquiring an additional 34,232 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Hewlett Packard Enterprise were worth $5,908,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Mcintyre Freedman & Flynn Investment Advisers Inc. boosted its stake in Hewlett Packard Enterprise by 743.7% in the 2nd quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 153,975 shares of the technology company’s stock worth $3,149,000 after purchasing an additional 135,725 shares during the period. Caxton Associates LLP increased its position in shares of Hewlett Packard Enterprise by 106.8% during the second quarter. Caxton Associates LLP now owns 179,024 shares of the technology company’s stock valued at $3,661,000 after buying an additional 92,438 shares during the period. Knights of Columbus Asset Advisors LLC increased its position in shares of Hewlett Packard Enterprise by 118.8% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 145,232 shares of the technology company’s stock valued at $3,567,000 after buying an additional 78,859 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 12.1% in the third quarter. Advisors Asset Management Inc. now owns 558,702 shares of the technology company’s stock worth $13,722,000 after buying an additional 60,353 shares in the last quarter. Finally, National Pension Service lifted its holdings in shares of Hewlett Packard Enterprise by 9.7% in the third quarter. National Pension Service now owns 3,787,479 shares of the technology company’s stock worth $93,020,000 after buying an additional 334,424 shares in the last quarter. 80.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HPE has been the subject of several recent analyst reports. Zacks Research raised shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Citigroup increased their target price on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday. The Goldman Sachs Group initiated coverage on Hewlett Packard Enterprise in a research note on Tuesday, January 13th. They issued a “buy” rating and a $31.00 target price on the stock. Finally, Wall Street Zen raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and an average price target of $26.50.

Insider Activity

In other news, EVP Neil B. Macdonald sold 112,652 shares of the stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $25.09, for a total transaction of $2,826,438.68. Following the transaction, the executive vice president directly owned 56,494 shares in the company, valued at approximately $1,417,434.46. This represents a 66.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Fidelma Russo sold 34,001 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $25.08, for a total value of $852,745.08. Following the completion of the sale, the executive vice president owned 17,001 shares of the company’s stock, valued at $426,385.08. The trade was a 66.67% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 411,085 shares of company stock worth $10,337,582. 0.44% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $23.97 on Monday. The company’s fifty day moving average price is $22.01 and its 200-day moving average price is $23.03. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.03 and a quick ratio of 0.75. The firm has a market capitalization of $31.80 billion, a price-to-earnings ratio of -126.15, a PEG ratio of 0.61 and a beta of 1.31. 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) last posted its quarterly earnings data on Monday, March 9th. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. The company had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.31 billion. During the same period in the previous year, the firm posted $0.49 EPS. The firm’s revenue was up 18.4% compared to the same quarter last year. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.300-2.500 EPS and its Q2 2026 guidance at 0.510-0.550 EPS. On average, equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Tuesday, March 24th will be issued a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, March 24th. Hewlett Packard Enterprise’s dividend payout ratio is presently -300.00%.

Hewlett Packard Enterprise Profile

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.