Sumitomo Mitsui Trust Group Inc. Sells 523,418 Shares of Hewlett Packard Enterprise Company $HPE

Sumitomo Mitsui Trust Group Inc. reduced its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 14.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,147,019 shares of the technology company’s stock after selling 523,418 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of Hewlett Packard Enterprise worth $64,357,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in HPE. Zions Bancorporation National Association UT bought a new stake in shares of Hewlett Packard Enterprise in the first quarter valued at approximately $27,000. MorganRosel Wealth Management LLC bought a new stake in shares of Hewlett Packard Enterprise in the first quarter valued at approximately $31,000. Hilltop National Bank bought a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at approximately $35,000. Transce3nd LLC boosted its stake in shares of Hewlett Packard Enterprise by 2,937.2% in the first quarter. Transce3nd LLC now owns 2,369 shares of the technology company’s stock valued at $37,000 after buying an additional 2,291 shares during the period. Finally, Wayfinding Financial LLC bought a new stake in shares of Hewlett Packard Enterprise in the first quarter valued at approximately $41,000. 80.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HPE has been the subject of several recent research reports. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $22.00 to $28.00 in a research note on Thursday, August 21st. Weiss Ratings restated a “hold (c)” rating on shares of Hewlett Packard Enterprise in a research report on Saturday. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research report on Sunday, July 13th. The Goldman Sachs Group boosted their price objective on shares of Hewlett Packard Enterprise from $27.00 to $31.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Finally, Susquehanna boosted their price objective on shares of Hewlett Packard Enterprise from $16.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $25.41.

Insider Activity at Hewlett Packard Enterprise

In related news, CEO Antonio F. Neri sold 166,666 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $25.03, for a total value of $4,171,649.98. Following the completion of the sale, the chief executive officer directly owned 1,585,726 shares in the company, valued at $39,690,721.78. This represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Maeve C. Culloty sold 3,738 shares of the stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total value of $93,898.56. The disclosure for this sale can be found here. Insiders sold 543,738 shares of company stock worth $12,922,932 over the last three months. Company insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Up 1.4%

Shares of NYSE:HPE opened at $23.51 on Monday. The company has a fifty day moving average of $23.81 and a 200-day moving average of $20.29. The company has a market capitalization of $31.01 billion, a PE ratio of 28.67, a price-to-earnings-growth ratio of 1.74 and a beta of 1.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.09). The company had revenue of $9.14 billion for the quarter, compared to analyst estimates of $8.77 billion. Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.The firm’s quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter last year, the company posted $0.50 earnings per share. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. On average, equities analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business 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. This represents a $0.52 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Thursday, September 18th. Hewlett Packard Enterprise’s dividend payout ratio is presently 63.41%.

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.