Tag: HPE

Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Kestra Advisory Services LLC

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Kestra Advisory Services LLC decreased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE – Free Report) by 6.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,084 shares of the technology company’s stock after selling 1,305 shares during the quarter. Kestra Advisory Services LLC’s holdings in Hewlett Packard Enterprise were worth $331,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of Hewlett Packard Enterprise by 10.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 74,736 shares of the technology company’s stock valued at $1,249,000 after buying an additional 7,285 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of Hewlett Packard Enterprise by 12.6% in the first quarter. D.A. Davidson & CO. now owns 16,151 shares of the technology company’s stock valued at $270,000 after buying an additional 1,809 shares in the last quarter. Raymond James Trust N.A. grew its stake in shares of Hewlett Packard Enterprise by 46.4% in the first quarter. Raymond James Trust N.A. now owns 16,080 shares of the technology company’s stock valued at $269,000 after buying an additional 5,095 shares in the last quarter. Blair William & Co. IL grew its stake in shares of Hewlett Packard Enterprise by 9.8% in the first quarter. Blair William & Co. IL now owns 332,584 shares of the technology company’s stock valued at $5,557,000 after buying an additional 29,819 shares in the last quarter. Finally, Aviva PLC grew its stake in shares of Hewlett Packard Enterprise by 45.8% in the first quarter. Aviva PLC now owns 634,757 shares of the technology company’s stock valued at $10,607,000 after buying an additional 199,382 shares in the last quarter. Institutional investors and hedge funds own 81.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus dropped their price objective on Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Friday. Morgan Stanley lifted their target price on Hewlett Packard Enterprise from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Wednesday, November 29th. Barclays decreased their target price on Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Friday. Wells Fargo & Company reiterated an “equal weight” rating and issued a $17.00 target price (down from $21.00) on shares of Hewlett Packard Enterprise in a report on Friday. Finally, Sanford C. Bernstein lowered Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $20.00 to $17.00 in a report on Tuesday, January 16th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $17.25.

Read Our Latest Stock Report on Hewlett Packard Enterprise

Insider Activity

In other news, CFO Jeremy Cox sold 1,773 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $16.93, for a total value of $30,016.89. Following the completion of the sale, the chief financial officer now directly owns 14,374 shares of the company’s stock, valued at approximately $243,351.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Jeremy Cox sold 1,773 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $16.93, for a total value of $30,016.89. Following the transaction, the chief financial officer now owns 14,374 shares in the company, valued at approximately $243,351.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Justin Hotard sold 10,612 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $16.37, for a total value of $173,718.44. Following the completion of the transaction, the executive vice president now owns 47,737 shares in the company, valued at approximately $781,454.69. The disclosure for this sale can be found here. In the last three months, insiders sold 303,575 shares of company stock valued at $4,989,141. Insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Stock Up 2.2 %

Shares of NYSE HPE opened at $15.56 on Friday. The company has a market capitalization of $20.23 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 2.62 and a beta of 1.19. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.87 and a quick ratio of 0.66. The business has a 50-day moving average of $15.79 and a two-hundred day moving average of $16.29. Hewlett Packard Enterprise has a 1 year low of $13.65 and a 1 year high of $18.14.

Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Hewlett Packard Enterprise had a return on equity of 9.20% and a net margin of 6.81%. The company had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $7.09 billion. During the same period in the previous year, the business earned $0.38 EPS. Hewlett Packard Enterprise’s revenue for the quarter was down 13.5% on a year-over-year basis. On average, analysts forecast that Hewlett Packard Enterprise will post 1.6 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 15th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Thursday, March 14th. Hewlett Packard Enterprise’s payout ratio is currently 35.86%.

Hewlett Packard Enterprise Company Profile

(Free Report)

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.

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March 3, 2024
Hewlett Packard Enterprises to buy Juniper Networks in $14 billion deal

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In an effort to keep up in the accelerating AI arms race, cloud-services provider Hewlett Packard Enterprise Co. on Tuesday agreed to buy Juniper Networks, Inc. in a deal worth around $14 billion.

Under the terms of the deal, Hewlett Packard Enterprises
HPE,
-8.92%
will acquire Juniper
JNPR,
+21.81%
— which makes communications-networking products and also has an AI segment called Mist AI — for $40 a share. The companies expect the deal to close late this year or in early 2025.

“The acquisition is expected to double HPE’s networking business, creating a new networking leader with a comprehensive portfolio that presents customers and partners with a compelling new choice to drive business value,” the companies said in a release.

After the deal is completed, Juniper Chief Executive Rami Rahim will lead the combined HPE networking business, and report to HPE CEO Antonio Neri.

“This transaction will strengthen HPE’s position at the nexus of accelerating macro-AI trends, expand our total addressable market, and drive further innovation for customers as we help bridge the AI-native and cloud-native worlds, while also generating significant value for shareholders,” Neri said in a statement.

HPE said the addition of Juniper will boost margins and result in up to $450 million in annual cost savings within three years of the deal’s completion, as well as accelerate growth. HPE’s networking segment was the company’s top source of quarterly earnings before taxes, $401 million, on $1.4 billion in revenue.

HPE’s deeper plunge into networking closes a chapter of sorts. Then-Hewlett-Packard Co. acquired Aruba Networks for about $3 billion in March 2015, months before Silicon Valley’s original garage startup split in half, resulting in the formation of HPE, which sells servers and other equipment for data centers, and HP Inc.
HPQ,
-2.71%,
which makes PCs and printers.

The Wall Street Journal reported the possibility of a deal on Monday, sending shares of Juniper higher.

Shares of Juniper
JNPR,
+21.81%
rose 0.5% after hours, after jumping 21.8% during regular trading hours. Hewlett Packard
HPE,
-8.92%
shares were down 0.4% after hours, after falling 8.9% during the day.

As of Tuesday’s close, Juniper had a market cap of $9.64 billion, while HPE’s was $23.04 billion.

The companies hope the deal can provide a much-needed jolt after a series of lackluster quarterly earnings. Juniper shares have gained 15.7% over the past 12 months, while HPE shares are down 5.4% over that span. The S&P 500
SPX,
in comparison, is up about 21.4% over the past year.

For decades, Juniper has lagged rival Cisco Systems Inc.
CSCO,
-1.09%
in the networking-equipment market. In its most recent quarter, Juniper reported net income of $76 million on revenue of $1.4 billion, down 1% from the same quarter a year earlier.

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January 9, 2024
WSJ News Exclusive | Hewlett Packard Enterprise Near Deal to Buy Juniper Networks

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Updated Jan. 8, 2024 6:31 pm ET

Hewlett Packard Enterprise is in advanced talks to buy Juniper Networks for about $13 billion, in a bid to better position the nearly 100-year-old technology company in the era of artificial intelligence.

A deal between the two companies could be announced as soon as this week, according to people familiar with the matter, assuming the talks don’t fall apart.

Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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January 8, 2024
HP Enterprise stock drops following disappointing 2024 earnings forecast

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Hewlett Packard Enterprise Co. shares fell in the extended session Thursday after the company’s forecast for fiscal 2024 fell short of expectations.

HPE
HPE,
-2.28%
shares dropped as much as 4% after hours, following a 2.3% decline to close Thursday’s regular session at $16.30.

For fiscal 2024, HPE said it expects adjusted earnings of $1.82 to $2.02 a share, while analysts surveyed by FactSet had forecast, on average, $2.15 a share.

The company also forecast revenue growth of 2% to 4% in 2024, while analysts expect $29.63 billion, or 1.6% above their current consensus estimate for 2023 of $29.15 billion.

For the current fiscal year, HPE forecasts revenue to growth 4% to 6%, and adjusted earnings of $2.11 to $2.15 a share. Analysts expect $2.14 a share.

In August, HPE’s third-quarter earnings results came in slightly above expectations.

As of Thursday’s close, HPE shares were up 2.1% for the year, while the S&P 500 index
SPX
is up 11.4% over the same period.

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October 19, 2023
HPE Stock Price | Hewlett Packard Enterprise Co. Stock Quote (U.S.: NYSE) | MarketWatch

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Hewlett Packard Enterprise Co. is a global edge-to-cloud company, which engages in the provision of information technology, technology and enterprise products, solutions, and services. It operates through the following segments: Compute, High Performance Computing & Artificial Intelligence (HPC and AI), Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other. The Compute segment includes both general purpose servers for multi-workload computing and workload optimized servers to offer the best performance and value for demanding applications. The HPC and AI segment offers standard and custom hardware and software solutions designed to support specific use cases. The Storage segment provides workload optimized storage product and service offerings, which include an intelligent hyperconverged infrastructure with HPE Nimble Storage dHCI and HPE SimpliVity. The Intelligent Edge segment offers wired and wireless local area network, campus and data center switching, software-defined wide-area-network, network security, and associated services to enable secure connectivity for businesses of any size. The Financial Services segment provides flexible investment solutions, such as leasing, financing, IT consumption, utility programs, and asset management services for customers that facilitate technology deployment models and the acquisition of complete IT solutions, including hardware, software, and services from Hewlett Packard Enterprise and others. The Corporate Investments and Other segment includes the A & PS business that primarily offers consultative-led services, HPE and partner technology expertise and advice, implementation services as well as complex solution engagement capabilities, the Communications and Media Solutions business, the HPE Software business, and Hewlett Packard Labs. The company was founded on July 2, 1939 and is headquartered in Spring, TX.

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August 7, 2023
Barclays PLC Purchases 118,138 Shares of Hewlett Packard Enterprise (NYSE:HPE)

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Barclays PLC increased its position in shares of Hewlett Packard Enterprise (NYSE:HPE – Get Rating) by 5.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,223,322 shares of the technology company’s stock after acquiring an additional 118,138 shares during the period. Barclays PLC owned about 0.17% of Hewlett Packard Enterprise worth $35,483,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of HPE. BlackRock Inc. increased its stake in shares of Hewlett Packard Enterprise by 3.2% in the third quarter. BlackRock Inc. now owns 129,262,655 shares of the technology company’s stock valued at $1,548,566,000 after buying an additional 4,029,860 shares during the period. Cowa LLC raised its stake in shares of Hewlett Packard Enterprise by 14,778.9% during the first quarter. Cowa LLC now owns 2,594,739 shares of the technology company’s stock valued at $434,000 after acquiring an additional 2,577,300 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 20.9% during the third quarter. UBS Asset Management Americas Inc. now owns 12,362,348 shares of the technology company’s stock worth $148,101,000 after purchasing an additional 2,134,643 shares during the period. Bank of America Corp DE lifted its holdings in shares of Hewlett Packard Enterprise by 4.1% during the fourth quarter. Bank of America Corp DE now owns 52,716,520 shares of the technology company’s stock worth $841,356,000 after purchasing an additional 2,092,725 shares during the period. Finally, State Street Corp grew its stake in shares of Hewlett Packard Enterprise by 2.9% in the first quarter. State Street Corp now owns 70,328,694 shares of the technology company’s stock worth $1,183,418,000 after purchasing an additional 1,959,250 shares during the last quarter. Institutional investors and hedge funds own 81.36% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on HPE. Barclays cut their target price on Hewlett Packard Enterprise from $18.00 to $16.00 in a report on Wednesday, May 31st. The Goldman Sachs Group began coverage on Hewlett Packard Enterprise in a report on Monday, March 20th. They issued a “neutral” rating and a $15.00 target price on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Hewlett Packard Enterprise from $16.00 to $15.00 in a report on Wednesday, May 31st. StockNews.com raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Tuesday, May 23rd. Finally, Citigroup lifted their target price on shares of Hewlett Packard Enterprise from $13.00 to $14.00 in a research note on Friday, March 3rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $16.62.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $15.34 on Wednesday. The business has a 50-day simple moving average of $14.89 and a 200 day simple moving average of $15.48. The firm has a market capitalization of $19.88 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 2.37 and a beta of 1.23. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.87 and a quick ratio of 0.65. Hewlett Packard Enterprise has a one year low of $11.90 and a one year high of $17.25.

Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last issued its earnings results on Tuesday, May 30th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $6.97 billion for the quarter, compared to analyst estimates of $7.30 billion. Hewlett Packard Enterprise had a return on equity of 5.05% and a net margin of 3.46%. Hewlett Packard Enterprise’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 earnings per share. On average, research analysts anticipate that Hewlett Packard Enterprise will post 1.34 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Thursday, June 15th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, June 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.13%. Hewlett Packard Enterprise’s dividend payout ratio is presently 61.54%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Thomas E. Black, Jr. sold 34,088 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $15.05, for a total transaction of $513,024.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.53% of the stock is owned by insiders.

Hewlett Packard Enterprise Company Profile

(Get Rating)

Hewlett Packard Enterprise Co is a global edge-to-cloud company, which engages in the provision of information technology, technology and enterprise products, solutions, and services. It operates through the following segments: Compute, High Performance Computing & Artificial Intelligence (HPC & AI), Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.

Featured Articles

Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise (NYSE:HPE – Get Rating).

Receive News & Ratings for Hewlett Packard Enterprise Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com’s FREE daily email newsletter.

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June 7, 2023