Nisa Investment Advisors LLC Lowers Holdings in Hewlett Packard Enterprise Company $HPE

Nisa Investment Advisors LLC decreased its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 41.1% in the second quarter, Holdings Channel reports. The institutional investor owned 1,018,736 shares of the technology company’s stock after selling 711,698 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $20,965,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Benson Investment Management Company Inc. raised its stake in Hewlett Packard Enterprise by 0.3% during the second quarter. Benson Investment Management Company Inc. now owns 227,291 shares of the technology company’s stock valued at $4,648,000 after buying an additional 650 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Hewlett Packard Enterprise by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 70,600 shares of the technology company’s stock worth $1,089,000 after purchasing an additional 700 shares in the last quarter. Pinnacle Financial Partners Inc increased its holdings in shares of Hewlett Packard Enterprise by 6.9% in the 1st quarter. Pinnacle Financial Partners Inc now owns 11,541 shares of the technology company’s stock worth $178,000 after purchasing an additional 746 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of Hewlett Packard Enterprise by 16.7% in the 1st quarter. Larson Financial Group LLC now owns 5,370 shares of the technology company’s stock worth $83,000 after purchasing an additional 769 shares in the last quarter. Finally, CVA Family Office LLC increased its holdings in shares of Hewlett Packard Enterprise by 126.7% in 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 in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

HPE has been the subject of a number of research analyst reports. Raymond James Financial lifted their target price on Hewlett Packard Enterprise from $29.00 to $30.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 4th. Weiss Ratings restated a “hold (c)” rating on shares of Hewlett Packard Enterprise in a research report on Saturday. Citigroup increased their price objective on shares of Hewlett Packard Enterprise from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Sanford C. Bernstein assumed 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 objective on the stock. Finally, Wolfe Research began coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They set a “peer perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $25.41.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $23.51 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 one year low of $11.97 and a one year high of $26.44. The firm has a market capitalization of $31.01 billion, a P/E ratio of 28.67, a PEG ratio of 1.74 and a beta of 1.45. The business has a fifty day moving average of $23.81 and a 200 day moving average of $20.29.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.09). Hewlett Packard Enterprise had a net margin of 3.77% and a return on equity of 9.01%. The company had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.77 billion. During the same period in the prior year, the firm posted $0.50 EPS. The business’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, sell-side analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, September 18th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Thursday, September 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 63.41%.

Insider Activity

In other news, EVP Maeve C. Culloty sold 3,738 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total transaction of $93,898.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Antonio F. Neri sold 166,666 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $25.03, for a total transaction of $4,171,649.98. Following the sale, the chief executive officer owned 1,585,726 shares in the company, valued at $39,690,721.78. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 543,738 shares of company stock worth $12,922,932 in the last three months. Company insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Company 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.