Intech Investment Management LLC Has $2.81 Million Position in Hewlett Packard Enterprise Company $HPE

Intech Investment Management LLC cut its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 88.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 137,572 shares of the technology company’s stock after selling 1,074,202 shares during the quarter. Intech Investment Management LLC’s holdings in Hewlett Packard Enterprise were worth $2,813,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HPE. Vanguard Group Inc. raised its stake in Hewlett Packard Enterprise by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 167,199,996 shares of the technology company’s stock worth $2,579,896,000 after buying an additional 2,779,446 shares during the period. Geode Capital Management LLC increased its holdings in shares of Hewlett Packard Enterprise by 2.2% in the second quarter. Geode Capital Management LLC now owns 34,421,976 shares of the technology company’s stock worth $701,864,000 after acquiring an additional 724,974 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Hewlett Packard Enterprise by 15.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,584,742 shares of the technology company’s stock worth $271,333,000 after purchasing an additional 2,373,850 shares during the period. Northern Trust Corp lifted its holdings in shares of Hewlett Packard Enterprise by 3.4% during the 1st quarter. Northern Trust Corp now owns 16,730,015 shares of the technology company’s stock valued at $258,144,000 after purchasing an additional 545,775 shares in the last quarter. Finally, National Bank of Canada FI grew its position in shares of Hewlett Packard Enterprise by 1,369.1% in the 1st quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company’s stock valued at $251,192,000 after purchasing an additional 15,171,314 shares during the period. 80.78% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Gary M. Reiner sold 40,000 shares of the firm’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 completion of the sale, the director directly owned 83,869 shares in the company, valued at approximately $2,061,500.02. This trade represents a 32.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Antonio F. Neri sold 166,666 shares of Hewlett Packard Enterprise stock in a transaction dated 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 transaction, the chief executive officer owned 1,585,726 shares of the company’s stock, valued at $39,690,721.78. The trade was a 9.51% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 543,738 shares of company stock valued at $12,922,932. 0.36% of the stock is owned by company insiders.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $20.61 on Thursday. 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 business has a 50-day moving average of $24.01 and a 200-day moving average of $21.28. The stock has a market capitalization of $27.19 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 0.81 and a beta of 1.43. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results 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 net margin of 3.77% and a return on equity of 9.01%. The company had revenue of $9.14 billion for the quarter, compared to analyst estimates of $8.77 billion. During the same period last year, the company posted $0.50 earnings per share. The business’s revenue for the quarter 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 predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, September 18th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, September 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.5%. Hewlett Packard Enterprise’s payout ratio is currently 63.41%.

Analysts Set New Price Targets

Several brokerages have commented on HPE. Raymond James Financial raised their target price on shares of Hewlett Packard Enterprise from $29.00 to $30.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 4th. Evercore ISI raised their price objective on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Citigroup upped their target price on shares of Hewlett Packard Enterprise from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. UBS Group increased 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, October 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of “Hold” and an average price target of $25.24.

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.