11,246 Shares in Hewlett Packard Enterprise Company $HPE Bought by Pinkerton Wealth LLC

Pinkerton Wealth LLC bought a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 11,246 shares of the technology company’s stock, valued at approximately $719,000.

A number of other hedge funds have also modified their holdings of the company. Delos Wealth Advisors LLC acquired a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at approximately $27,000. First Bancorp Inc ME bought a new position in Hewlett Packard Enterprise in the second quarter valued at $30,000. Triumph Capital Management grew its holdings in shares of Hewlett Packard Enterprise by 208.6% in the 3rd quarter. Triumph Capital Management now owns 466 shares of the technology company’s stock valued at $30,000 after acquiring an additional 315 shares in the last quarter. Ramsey Quantitative Systems acquired a new position in shares of Hewlett Packard Enterprise during the 3rd quarter worth approximately $31,000. Finally, Transamerica Financial Advisors LLC acquired a new position in Hewlett Packard Enterprise during the second quarter worth $37,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on HPE shares. Raymond James Financial increased their price target on Hewlett Packard Enterprise from $74.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, September 3rd. Citigroup lifted their price objective on shares of Hewlett Packard Enterprise from $76.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 1st. JPMorgan Chase & Co. upped their price objective on shares of Hewlett Packard Enterprise from $68.00 to $70.00 in a report on Tuesday, August 25th. The Goldman Sachs Group upped their price objective on shares of Hewlett Packard Enterprise from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, October 6th. Finally, Zacks Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $65.44.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, CEO Antonio Neri sold 250,000 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $60.44, for a total value of $15,110,000.00. Following the completion of the transaction, the chief executive officer owned 1,432,393 shares of the company’s stock, valued at $86,573,832.92. This represents a 14.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary M. Reiner sold 17,000 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $56.91, for a total value of $967,470.00. Following the completion of the transaction, the director owned 65,072 shares of the company’s stock, valued at $3,703,247.52. This represents a 20.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 585,899 shares of company stock valued at $37,270,329 in the last 90 days. Corporate insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $55.22 on Monday. The stock has a market cap of $73.31 billion, a price-to-earnings ratio of 28.76, a P/E/G ratio of 0.46 and a beta of 1.39. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.11 and a quick ratio of 0.72. The company has a 50 day simple moving average of $59.71 and a 200 day simple moving average of $40.71. Hewlett Packard Enterprise Company has a 1 year low of $19.84 and a 1 year high of $73.56.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.18. The firm had revenue of $12.21 billion for the quarter, compared to analysts’ expectations of $11.97 billion. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The company’s revenue was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 earnings per share. Hewlett Packard Enterprise has set its Q4 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 3.750-3.850 EPS. Research analysts anticipate that Hewlett Packard Enterprise Company will post 3.34 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, September 17th were given a dividend of $0.1425 per share. The ex-dividend date was Thursday, September 17th. This represents a $0.57 dividend on an annualized basis and a yield of 1.0%. Hewlett Packard Enterprise’s payout ratio is currently 29.69%.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company (NYSE:HPE) is a global technology company that provides information technology solutions for businesses, governments and other organizations. Its offerings are designed to help customers build, manage and modernize data centers, hybrid cloud environments and edge computing operations.

HPE’s portfolio includes enterprise servers and compute systems, data storage, networking products, high-performance computing and artificial intelligence infrastructure.