Allianz Asset Management GmbH Lowers Holdings in Hewlett Packard Enterprise Company $HPE

Key Points

• Allianz Asset Management GmbH reduced its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 12.8%, now owning approximately 4.9 million shares valued at $101.2 million.
• Hewlett Packard Enterprise reported Q3 earnings of $0.35 EPS, missing estimates, while revenue increased by 19.8% year-over-year to $9.14 billion.
• The company declared a quarterly dividend of $0.13 per share with a yield of 2.3%, payable on October 17th to shareholders of record on September 18th.

Allianz Asset Management GmbH cut its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 12.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,949,330 shares of the technology company's stock after selling 728,198 shares during the quarter. Allianz Asset Management GmbH owned about 0.38% of Hewlett Packard Enterprise worth $101,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of HPE. Alpine Bank Wealth Management purchased a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at $25,000. Zions Bancorporation National Association UT purchased a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at $27,000. MorganRosel Wealth Management LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at $31,000. Hilltop National Bank purchased a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter valued at $35,000. Finally, Transce3nd LLC raised its position in shares of Hewlett Packard Enterprise by 2,937.2% during the 1st 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 in the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Price Performance

Shares of Hewlett Packard Enterprise stock opened at $22.55 on Friday. The firm has a market cap of $29.75 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 1.86 and a beta of 1.45. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $26.44. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. The company's fifty day simple moving average is $23.56 and its two-hundred day simple moving average is $19.82.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.09). The firm had revenue of $9.14 billion during the quarter, compared to the consensus estimate 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 was up 19.8% on a year-over-year basis. During the same period last year, the business 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. As a group, equities analysts expect that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 18th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 63.41%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HPE. Wells Fargo & Company raised their price objective on shares of Hewlett Packard Enterprise from $22.00 to $26.00 and gave the company an "equal weight" rating in a research report on Thursday, September 4th. JPMorgan Chase & Co. assumed coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, July 17th. They set an "overweight" rating and a $30.00 price objective on the stock. Barclays lifted their target price on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock an "overweight" rating in a research report on Thursday. UBS Group lifted their target price on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Bank of America lifted their target price on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of "Hold" and an average target price of $25.50.

Insiders Place Their Bets

In other news, EVP Maeve C. Culloty sold 3,738 shares of Hewlett Packard Enterprise stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total transaction of $93,898.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gary M. Reiner sold 40,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $24.58, for a total transaction of $983,200.00. Following the sale, the director directly owned 83,869 shares in the company, valued at $2,061,500.02. The trade was a 32.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 543,738 shares of company stock valued at $12,922,932 in the last quarter. Insiders own 0.36% of the company's stock.

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.

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