Hewlett Packard Enterprise Insiders Offload 585,537 Shares While Donoghue Forlines Buys 88,852
Donoghue Forlines LLC acquired 88,852 HPE shares worth $2.18M in Q3; Sequoia Financial and Evergreen Capital increased stakes by 11.4% and 10.5%, respectively. Insiders sold 585,537 shares in past 90 days, including SVP Karros’s 36,460-share (66% stake) and CEO Neri’s 26,457-share (1.24%) reductions.
1. Institutional Stake Changes
In the third quarter, Donoghue Forlines LLC initiated a new position in Hewlett Packard Enterprise by acquiring 88,852 shares valued at approximately 2.18 million. Several other institutional investors also adjusted their holdings: Sequoia Financial Advisors LLC increased its stake by 11.4% to 47,369 shares (worth about 1.16 million); Evergreen Capital Management LLC added 2,414 shares, raising its total to 25,486 (629,000); Vectors Research Management LLC opened a new position valued at 221,000; Minneapolis Portfolio Management Group LLC boosted its holding by 1.9% to 740,165 shares (18.18 million); and Ritholtz Wealth Management grew its stake by 4.5% to 113,794 shares (2.80 million). Institutions now own roughly 80.8% of the company’s float.
2. Analyst Ratings and Consensus
In recent months, one firm initiated coverage with a Strong Buy recommendation, eight added the company to their Buy lists and thirteen maintained Hold ratings. Analysts have collectively adjusted upward their earnings forecasts and price expectations, resulting in a modest increase to the consensus target. Based on aggregated data, the average analyst opinion remains a Hold, reflecting balanced views on the company’s near-term growth prospects and margin recovery trajectory.
3. Insider Transactions
Senior vice president Kirt P. Karros sold 36,460 shares for proceeds of approximately 897,280, representing a 66% reduction in his holding; he now holds 18,785 shares. Chief executive officer Antonio F. Neri divested 26,457 shares for about 647,932, a 1.24% decrease, leaving him with 2,101,761 shares. Over the past 90 days, insiders have collectively sold 585,537 shares for roughly 14.26 million. Company officers currently own 0.36% of outstanding shares.
4. Recent Financial Results and Guidance
In its latest quarterly report, the company delivered adjusted earnings per share of 0.62, exceeding consensus by 0.03, on revenue of 9.68 billion—down slightly from expectations but up 14.7% year-over-year. Net margin stood at 0.17%, while return on equity reached 9.15%. Management set full-year guidance of 2.25 to 2.45 EPS and first-quarter projections of 0.57 to 0.61 EPS. Analysts currently forecast full-year EPS of 1.85. The board also raised the quarterly dividend from 0.13 to 0.1425, representing an annualized yield of approximately 2.7%.