Hewlett Packard Enterprise Company $HPE Shares Newly Bought by True Freedom Investing LLC

True Freedom Investing LLC bought a new position in Hewlett Packard Enterprise Company (NYSE:HPE) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 20,038 shares of the technology company’s stock, valued at approximately $1,280,000.

Several other hedge funds and other institutional investors have also bought and sold shares of HPE. Foster Group Inc. grew its position in Hewlett Packard Enterprise by 2.8% during the third quarter. Foster Group Inc. now owns 5,341 shares of the technology company’s stock valued at $341,000 after acquiring an additional 146 shares during the last quarter. Financial Insights Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 3.3% in the 3rd quarter. Financial Insights Inc. now owns 5,429 shares of the technology company’s stock worth $347,000 after acquiring an additional 175 shares during the last quarter. Oakworth Capital Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 2.3% in the 3rd quarter. Oakworth Capital Inc. now owns 8,159 shares of the technology company’s stock worth $521,000 after acquiring an additional 181 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of Hewlett Packard Enterprise by 1.4% in the 2nd quarter. Baird Financial Group Inc. now owns 15,727 shares of the technology company’s stock valued at $709,000 after purchasing an additional 212 shares in the last quarter. Finally, CHICAGO TRUST Co NA boosted its stake in shares of Hewlett Packard Enterprise by 4.0% in the 3rd quarter. CHICAGO TRUST Co NA now owns 5,535 shares of the technology company’s stock valued at $354,000 after purchasing an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, Director Gary Reiner sold 17,000 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $56.91, for a total transaction of $967,470.00. Following the completion of the transaction, the director directly owned 65,072 shares of the company’s stock, valued at approximately $3,703,247.52. This represents a 20.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Antonio F. Neri sold 250,000 shares of the stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $68.31, for a total transaction of $17,077,500.00. Following the sale, the chief executive officer owned 1,182,393 shares of the company’s stock, valued at approximately $80,769,265.83. This represents a 17.45% decrease in their ownership of the stock. 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 sold 585,899 shares of company stock valued at $37,270,329 in the last quarter. Company insiders own 0.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Morgan Stanley increased their target price on shares of Hewlett Packard Enterprise from $67.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday, October 1st. The Goldman Sachs Group boosted their price target on shares of Hewlett Packard Enterprise from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, October 6th. Barclays downgraded shares of Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $83.00 to $77.00 in a research note on Wednesday, October 14th. Truist Financial reaffirmed a “buy” rating and set a $75.00 price objective (up from $70.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, October 1st. Finally, JPMorgan Chase & Co. raised their price objective on Hewlett Packard Enterprise from $68.00 to $70.00 in a research note on Tuesday, August 25th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $65.44.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $55.22 on Monday. The company has a market capitalization of $73.31 billion, a P/E ratio of 28.76, a PEG ratio of 0.46 and a beta of 1.39. Hewlett Packard Enterprise Company has a fifty-two week low of $19.84 and a fifty-two week high of $73.56. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.72 and a current ratio of 1.11. The stock has a 50 day moving average price of $59.71 and a two-hundred day moving average price of $40.71.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.18. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The firm had revenue of $12.21 billion for the quarter, compared to analysts’ expectations of $11.97 billion. During the same quarter last year, the business earned $0.44 earnings per share. The business’s revenue was up 33.7% on a year-over-year basis. 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. Analysts expect that Hewlett Packard Enterprise Company will post 3.34 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

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

Hewlett Packard Enterprise Company Profile

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.