Kesler Norman & Wride LLC Has $1.11 Million Position in Hewlett Packard Enterprise Company $HPE

Kesler Norman & Wride LLC raised its position in shares of Hewlett Packard Enterprise Company (NYSE:HPEFree Report) by 28.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,367 shares of the technology company’s stock after purchasing an additional 10,184 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Hewlett Packard Enterprise were worth $1,114,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HPE. Bleakley Financial Group LLC grew its holdings in shares of Hewlett Packard Enterprise by 1.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 42,532 shares of the technology company’s stock valued at $1,045,000 after acquiring an additional 439 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in Hewlett Packard Enterprise by 0.6% in the fourth quarter. TD Private Client Wealth LLC now owns 80,769 shares of the technology company’s stock worth $1,940,000 after purchasing an additional 448 shares in the last quarter. JFS Wealth Advisors LLC boosted its holdings in Hewlett Packard Enterprise by 40.5% in the fourth quarter. JFS Wealth Advisors LLC now owns 1,565 shares of the technology company’s stock worth $38,000 after purchasing an additional 451 shares in the last quarter. Western Wealth Management LLC boosted its holdings in Hewlett Packard Enterprise by 3.3% in the third quarter. Western Wealth Management LLC now owns 15,253 shares of the technology company’s stock worth $375,000 after purchasing an additional 489 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Hewlett Packard Enterprise by 1.6% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 35,130 shares of the technology company’s stock valued at $844,000 after acquiring an additional 539 shares during the period. 80.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HPE has been the subject of a number of recent analyst reports. Raymond James Financial upped their price target on shares of Hewlett Packard Enterprise from $29.00 to $74.00 and gave the company an “outperform” rating in a report on Tuesday. Barclays upped their price target on Hewlett Packard Enterprise from $28.00 to $67.00 and gave the company an “overweight” rating in a report on Tuesday. Piper Sandler reaffirmed a “neutral” rating and issued a $63.00 price target (up from $23.00) on shares of Hewlett Packard Enterprise in a report on Tuesday. Loop Capital upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and upped their price objective for the company from $23.00 to $75.00 in a research note on Tuesday. Finally, Sanford C. Bernstein upped their price objective on Hewlett Packard Enterprise from $35.00 to $62.00 and gave the company a “market perform” rating in a research note on Tuesday. Eleven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $59.47.

Get Our Latest Stock Report on Hewlett Packard Enterprise

Insider Buying and Selling

In related news, CEO Antonio F. Neri sold 264,432 shares of the company’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $25.18, for a total value of $6,658,397.76. Following the completion of the sale, the chief executive officer owned 1,837,329 shares in the company, valued at $46,263,944.22. This represents a 12.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bethany Mayer sold 6,482 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $29.10, for a total transaction of $188,626.20. Following the completion of the sale, the director owned 8,018 shares of the company’s stock, valued at approximately $233,323.80. This represents a 44.70% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 702,402 shares of company stock worth $18,440,171 over the last ninety days. Insiders own 0.44% of the company’s stock.

Key Stories Impacting Hewlett Packard Enterprise

Here are the key news stories impacting Hewlett Packard Enterprise this week:

Hewlett Packard Enterprise Stock Performance

HPE stock opened at $56.05 on Wednesday. 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 company has a 50 day moving average price of $29.23 and a 200 day moving average price of $24.80. Hewlett Packard Enterprise Company has a fifty-two week low of $17.16 and a fifty-two week high of $64.25. The stock has a market capitalization of $74.37 billion, a PE ratio of 52.39, a price-to-earnings-growth ratio of 1.20 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last posted its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.25. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.99%. The firm had revenue of $10.68 billion during the quarter, compared to analysts’ expectations of $9.78 billion. During the same quarter in the previous year, the company posted ($0.82) EPS. Hewlett Packard Enterprise’s revenue was up 40.0% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2026 guidance at 3.350-3.450 EPS and its Q3 2026 guidance at 0.880-0.930 EPS. Analysts forecast that Hewlett Packard Enterprise Company will post 1.97 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th will be issued a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, June 16th. Hewlett Packard Enterprise’s payout ratio is currently -300.00%.

About Hewlett Packard Enterprise

(Free Report)

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.

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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