Savvy Advisors Inc. Invests $224,000 in Hewlett Packard Enterprise Company $HPE

Savvy Advisors Inc. purchased a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,945 shares of the technology company’s stock, valued at approximately $224,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CVA Family Office LLC raised its holdings 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. raised its stake in shares of Hewlett Packard Enterprise by 74.4% during the second 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 last quarter. Hilltop National Bank acquired a new position in Hewlett Packard Enterprise in the second quarter valued at approximately $35,000. Zions Bancorporation National Association UT bought a new position in Hewlett Packard Enterprise in the first quarter valued at approximately $27,000. Finally, Transce3nd LLC grew its holdings in Hewlett Packard Enterprise by 2,937.2% during the 1st quarter. Transce3nd LLC now owns 2,369 shares of the technology company’s stock worth $37,000 after acquiring an additional 2,291 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on HPE. Weiss Ratings reiterated a “hold (c)” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 8th. Bank of America increased their target price on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. Wolfe Research began coverage on Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They set a “peer perform” rating for the company. Wells Fargo & Company upped their price target on Hewlett Packard Enterprise from $22.00 to $26.00 and gave the company an “equal weight” rating in a research note on Thursday, September 4th. Finally, Barclays increased their price target on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $25.41.

Insider Buying and Selling

In other news, CEO Antonio F. Neri sold 166,666 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $22.52, for a total value of $3,753,318.32. Following the sale, the chief executive officer directly owned 1,919,060 shares in the company, valued at $43,217,231.20. The trade was a 7.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gary M. Reiner sold 40,000 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $24.58, for a total value of $983,200.00. Following the transaction, the director owned 83,869 shares of the company’s stock, valued at approximately $2,061,500.02. The trade was a 32.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 543,738 shares of company stock valued at $12,922,932. Company insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Trading Up 0.1%

NYSE:HPE opened at $24.42 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69. The business’s 50-day simple moving average is $24.07 and its 200-day simple moving average is $20.68. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $26.44. The stock has a market capitalization of $32.22 billion, a PE ratio of 29.78, a price-to-earnings-growth ratio of 1.81 and a beta of 1.45.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.09). The business had revenue of $9.14 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the company posted $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. Sell-side analysts expect that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 18th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, September 18th. Hewlett Packard Enterprise’s payout ratio is currently 63.41%.

About Hewlett Packard Enterprise

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.