Aberdeen Group plc Has $38.52 Million Holdings in Hewlett Packard Enterprise Company $HPE

Aberdeen Group plc lifted its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 14.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,843,404 shares of the technology company’s stock after purchasing an additional 231,177 shares during the period. Aberdeen Group plc owned 0.14% of Hewlett Packard Enterprise worth $38,518,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Alpine Bank Wealth Management acquired a new position in shares of Hewlett Packard Enterprise during the first quarter worth $25,000. Hilltop National Bank acquired a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at about $35,000. Zions Bancorporation National Association UT acquired a new position in shares of Hewlett Packard Enterprise in the 1st quarter valued at about $27,000. MorganRosel Wealth Management LLC acquired a new position in shares of Hewlett Packard Enterprise in the 1st quarter valued at about $31,000. Finally, Financial Freedom LLC lifted its stake in shares of Hewlett Packard Enterprise by 76.7% in the 1st quarter. Financial Freedom LLC now owns 2,197 shares of the technology company’s stock valued at $34,000 after purchasing an additional 954 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HPE. Sanford C. Bernstein began coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, September 16th. They set a “market perform” rating and a $24.00 price objective on the stock. Bank of America upped their price objective on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, September 2nd. Wolfe Research began coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, July 8th. They set a “peer perform” rating on the stock. Raymond James Financial upped their price objective on shares of Hewlett Packard Enterprise from $29.00 to $30.00 and gave the company a “strong-buy” rating in a report on Thursday, September 4th. Finally, The Goldman Sachs Group upped their price objective on shares of Hewlett Packard Enterprise from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Hold” and a consensus target price of $25.06.

Hewlett Packard Enterprise Trading Down 7.0%

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. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $26.44. The firm has a market capitalization of $32.23 billion, a PE ratio of 29.79, a P/E/G ratio of 2.55 and a beta of 1.45. The company’s 50-day moving average is $23.22 and its 200 day moving average is $19.64.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data 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). Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.The firm had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $8.77 billion. During the same period in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 19.8% on a year-over-year basis. 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, research analysts predict 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 announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 18th. Hewlett Packard Enterprise’s dividend payout ratio is currently 63.41%.

Insider Activity

In other news, EVP Maeve C. Culloty sold 3,738 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total transaction of $93,898.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Antonio F. Neri sold 166,666 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $22.52, for a total transaction of $3,753,318.32. Following the sale, the chief executive officer 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 disclosure for this sale can be found here. Insiders sold 543,738 shares of company stock valued at $12,922,932 in the last three months. Company insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise 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.