1832 Asset Management L.P. Raises Stock Holdings in Hewlett Packard Enterprise Company $HPE

Key Points

• 1832 Asset Management L.P. increased its stake in Hewlett Packard Enterprise (HPE) by 27.9%, owning 134,138 shares valued at approximately $2.07 million as of their latest SEC filing.
• Insider selling activity included EVP Phil Mottram selling 30,000 shares and SVP Jeremy Cox selling 68,590 shares, indicating a notable shift in ownership for company executives.
• Hewlett Packard Enterprise recently reported strong quarterly results with a net revenue of $7.63 billion, surpassing analysts' expectations, and announced a quarterly dividend of $0.13.

1832 Asset Management L.P. increased its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 27.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 134,138 shares of the technology company's stock after purchasing an additional 29,267 shares during the quarter. 1832 Asset Management L.P.'s holdings in Hewlett Packard Enterprise were worth $2,070,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in HPE. Putney Financial Group LLC purchased a new stake in Hewlett Packard Enterprise during the fourth quarter worth approximately $25,000. Alpine Bank Wealth Management acquired a new position in Hewlett Packard Enterprise during the first quarter worth approximately $25,000. Bruce G. Allen Investments LLC increased its position in Hewlett Packard Enterprise by 345.0% during the first quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock worth $26,000 after buying an additional 1,318 shares during the period. Zions Bancorporation National Association UT acquired a new position in Hewlett Packard Enterprise during the first quarter worth approximately $27,000. Finally, Hara Capital LLC acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth approximately $28,000. Hedge funds and other institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Price Performance

HPE stock traded down $0.57 on Friday, reaching $22.60. 19,959,663 shares of the company's stock were exchanged, compared to its average volume of 16,311,152. The stock has a fifty day moving average of $20.79 and a 200-day moving average of $18.35. Hewlett Packard Enterprise Company has a twelve month low of $11.97 and a twelve month high of $24.66. The firm has a market cap of $29.65 billion, a PE ratio of 22.82, a P/E/G ratio of 3.37 and a beta of 1.37. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.05. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%.The firm had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. Hewlett Packard Enterprise's quarterly revenue was up 5.9% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.780-1.900 EPS. Q3 2025 guidance at 0.400-0.450 EPS. As a group, equities analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Wednesday, June 18th. Hewlett Packard Enterprise's payout ratio is presently 52.53%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. KeyCorp assumed coverage on Hewlett Packard Enterprise in a research report on Thursday, June 26th. They set a "sector weight" rating on the stock. Bank of America lifted their price target on Hewlett Packard Enterprise from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Citigroup started coverage on Hewlett Packard Enterprise in a report on Friday, July 25th. They issued a "buy" rating and a $25.00 target price on the stock. JPMorgan Chase & Co. started coverage on Hewlett Packard Enterprise in a report on Thursday, July 17th. They issued an "overweight" rating and a $30.00 target price on the stock. Finally, Barclays boosted their target price on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.27.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 68,590 shares of the business's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $18.44, for a total transaction of $1,264,799.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Phil Mottram sold 30,000 shares of the business's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $20.54, for a total value of $616,200.00. Following the sale, the executive vice president owned 42,427 shares in the company, valued at approximately $871,450.58. The trade was a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 378,590 shares of company stock worth $8,106,833. 0.36% of the stock is owned by corporate insiders.

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.