Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 29,000 Shares of Hewlett Packard Enterprise Company $HPE

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 13.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 239,760 shares of the technology company’s stock after purchasing an additional 29,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Hewlett Packard Enterprise were worth $4,903,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Shell Asset Management Co. boosted its holdings in Hewlett Packard Enterprise by 42.4% in the second quarter. Shell Asset Management Co. now owns 116,797 shares of the technology company’s stock valued at $2,388,000 after acquiring an additional 34,801 shares in the last quarter. Strs Ohio bought a new stake in Hewlett Packard Enterprise in the first quarter valued at $15,663,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Hewlett Packard Enterprise by 22.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,320 shares of the technology company’s stock valued at $2,421,000 after acquiring an additional 28,123 shares in the last quarter. Signal Advisors Wealth LLC bought a new stake in Hewlett Packard Enterprise in the second quarter valued at $300,000. Finally, Forum Financial Management LP boosted its holdings in Hewlett Packard Enterprise by 48.3% in the second quarter. Forum Financial Management LP now owns 33,357 shares of the technology company’s stock valued at $682,000 after acquiring an additional 10,864 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Insider Transactions at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 40,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $24.58, for a total value of $983,200.00. Following the completion of the transaction, the director owned 83,869 shares of the company’s stock, valued at $2,061,500.02. The trade was a 32.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maeve C. Culloty sold 3,738 shares of Hewlett Packard Enterprise stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total value of $93,898.56. The SEC filing for this sale provides additional information. Insiders sold a total of 543,738 shares of company stock valued at $12,922,932 in the last quarter. 0.36% of the stock is owned by insiders.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $24.39 on Friday. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $26.44. The stock has a market cap of $32.18 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 1.80 and a beta of 1.45. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. The company’s fifty day moving average price is $24.03 and its 200-day moving average price is $20.53.

Hewlett Packard Enterprise (NYSE:HPE) last posted 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 during the quarter, compared to analysts’ expectations of $8.77 billion. Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.Hewlett Packard Enterprise’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 EPS. 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 expect that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, September 18th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, September 18th. Hewlett Packard Enterprise’s payout ratio is currently 63.41%.

Wall Street Analyst Weigh In

HPE has been the topic of several recent analyst reports. Piper Sandler initiated coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, October 22nd. They issued a “neutral” rating and a $24.00 price target on the stock. The Goldman Sachs Group lifted their price target on shares of Hewlett Packard Enterprise from $27.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Raymond James Financial lifted their price target on shares of Hewlett Packard Enterprise from $29.00 to $30.00 and gave the company a “strong-buy” rating in a report on Thursday, September 4th. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Sunday, July 13th. Finally, JPMorgan Chase & Co. began coverage on shares of Hewlett Packard Enterprise in a report on Thursday, July 17th. They set an “overweight” rating and a $30.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $25.41.

About Hewlett Packard Enterprise

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.