Hodges Capital Management Inc. Trims Holdings in Hewlett Packard Enterprise Company $HPE

Hodges Capital Management Inc. lowered its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 1.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 533,852 shares of the technology company’s stock after selling 8,170 shares during the quarter. Hewlett Packard Enterprise makes up about 1.0% of Hodges Capital Management Inc.’s investment portfolio, making the stock its 26th largest holding. Hodges Capital Management Inc.’s holdings in Hewlett Packard Enterprise were worth $10,917,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Shell Asset Management Co. increased its position in shares of Hewlett Packard Enterprise by 42.4% in the 2nd quarter. Shell Asset Management Co. now owns 116,797 shares of the technology company’s stock worth $2,388,000 after purchasing an additional 34,801 shares during the last quarter. Strs Ohio bought a new position in shares of Hewlett Packard Enterprise during the first quarter worth about $15,663,000. Y Intercept Hong Kong Ltd acquired a new position in Hewlett Packard Enterprise in the second quarter worth about $2,522,000. Forum Financial Management LP grew its stake 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 worth $682,000 after purchasing an additional 10,864 shares in the last quarter. Finally, Signal Advisors Wealth LLC bought a new stake in Hewlett Packard Enterprise in the second quarter valued at about $300,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Antonio F. Neri sold 166,666 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $25.03, for a total transaction of $4,171,649.98. Following the completion of the transaction, the chief executive officer directly owned 1,585,726 shares in the company, valued at approximately $39,690,721.78. The trade was a 9.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gary M. Reiner sold 40,000 shares of the stock in a transaction that occurred on 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 directly owned 83,869 shares of the company’s stock, valued at $2,061,500.02. This trade represents a 32.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 543,738 shares of company stock valued at $12,922,932. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $23.45 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69. The company has a market cap of $30.94 billion, a P/E ratio of 28.60, a PEG ratio of 1.31 and a beta of 1.43. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $26.44. The stock has a fifty day moving average price of $24.17 and a 200 day moving average price of $20.98.

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). Hewlett Packard Enterprise had a net margin of 3.77% and a return on equity of 9.01%. The firm had revenue of $9.14 billion for the quarter, compared to analyst estimates of $8.77 billion. During the same period last year, the firm posted $0.50 EPS. The business’s revenue was up 19.8% compared to the same quarter last year. 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, research analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 18th were given a $0.13 dividend. The ex-dividend date was Thursday, September 18th. This represents a $0.52 annualized dividend and a yield of 2.2%. Hewlett Packard Enterprise’s dividend payout ratio is 63.41%.

Analysts Set New Price Targets

A number of research analysts have commented on HPE shares. Sanford C. Bernstein started coverage on Hewlett Packard Enterprise in a report on Tuesday, September 16th. They set a “market perform” rating and a $24.00 target price on the stock. Wall Street Zen raised Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research report on Sunday, July 13th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $22.00 to $28.00 in a report on Thursday, August 21st. Evercore ISI boosted their target price on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Finally, JPMorgan Chase & Co. started coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, July 17th. They issued an “overweight” rating and a $30.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.