Generali Asset Management SPA SGR Lowers Holdings in Hewlett Packard Enterprise Company $HPE

Generali Asset Management SPA SGR decreased its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 99.0% in the second quarter, Holdings Channel reports. The institutional investor owned 2,113 shares of the technology company’s stock after selling 203,359 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Hewlett Packard Enterprise were worth $43,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HPE. GAMMA Investing LLC raised its stake in Hewlett Packard Enterprise by 14.4% during the first quarter. GAMMA Investing LLC now owns 17,760 shares of the technology company’s stock valued at $274,000 after buying an additional 2,239 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Hewlett Packard Enterprise by 21.2% during the first quarter. Exchange Traded Concepts LLC now owns 14,108 shares of the technology company’s stock valued at $218,000 after buying an additional 2,466 shares during the last quarter. Sowell Financial Services LLC purchased a new position in Hewlett Packard Enterprise during the first quarter valued at $301,000. Johnson Investment Counsel Inc. purchased a new position in Hewlett Packard Enterprise during the first quarter valued at $157,000. Finally, Blue Trust Inc. raised its stake in Hewlett Packard Enterprise by 75.3% during the first quarter. Blue Trust Inc. now owns 26,187 shares of the technology company’s stock valued at $404,000 after buying an additional 11,245 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, EVP Maeve C. Culloty sold 3,738 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total transaction of $93,898.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gary M. Reiner sold 40,000 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $24.58, for a total value of $983,200.00. Following the sale, the director directly owned 83,869 shares of the company’s stock, valued at $2,061,500.02. This represents a 32.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 543,738 shares of company stock valued at $12,922,932 over the last 90 days. Company insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $23.01 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $26.44. The firm has a market capitalization of $30.36 billion, a P/E ratio of 28.06, a PEG ratio of 1.70 and a beta of 1.45. The business has a fifty day moving average of $23.61 and a 200 day moving average of $19.90.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Wednesday, September 3rd. The technology company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.09). Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.The firm had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $8.77 billion. During the same period in the previous year, the firm earned $0.50 EPS. The business’s revenue was up 19.8% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. As a group, sell-side analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 18th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.3%. Hewlett Packard Enterprise’s payout ratio is presently 63.41%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HPE shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, October 8th. The Goldman Sachs Group lifted their target price on Hewlett Packard Enterprise from $27.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday. Susquehanna lifted their target price on Hewlett Packard Enterprise from $16.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, September 4th. Finally, UBS Group lifted their target price on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $25.50.

Hewlett Packard Enterprise Profile

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.