Amundi Increases Holdings in Hewlett Packard Enterprise Company $HPE

Key Points

• Amundi increased its HPE position by 61% in the second quarter, adding 2.6 million shares to hold 6.88 million shares valued at approximately $310.1 million. Institutional investors collectively own 80.78% of the company.
• HPE reported quarterly earnings of $1.11 per share, beating estimates of $0.93, while revenue rose 33.7% year over year to $12.21 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $69.44.
• HPE shares opened at $51.96, well below their 52-week high of $64.25. The company also declared a quarterly dividend of $0.1425 per share, equivalent to an annualized yield of about 1.1%.

Amundi increased its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 61.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,875,028 shares of the technology company's stock after purchasing an additional 2,604,937 shares during the quarter. Amundi owned 0.52% of Hewlett Packard Enterprise worth $310,132,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. California State Teachers Retirement System boosted its holdings in shares of Hewlett Packard Enterprise by 4,299.0% in the 2nd quarter. California State Teachers Retirement System now owns 92,484,612 shares of the technology company's stock valued at $4,171,981,000 after acquiring an additional 90,382,225 shares during the last quarter. Capital World Investors acquired a new position in Hewlett Packard Enterprise during the fourth quarter valued at $901,751,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Hewlett Packard Enterprise during the second quarter valued at $1,027,139,000. Primecap Management Co. CA purchased a new stake in Hewlett Packard Enterprise in the second quarter valued at $773,225,000. Finally, Legal & General Group Plc purchased a new stake in Hewlett Packard Enterprise in the second quarter valued at $512,721,000. Hedge funds and other institutional investors own 80.78% of the company's stock.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Kirt Karros sold 18,785 shares of the firm's stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total value of $911,072.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.44% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on HPE shares. Weiss Ratings upgraded Hewlett Packard Enterprise from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday. JPMorgan Chase & Co. upped their target price on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 2nd. The Goldman Sachs Group raised their target price on Hewlett Packard Enterprise from $32.00 to $79.00 and gave the stock a "buy" rating in a report on Wednesday, June 3rd. Barclays lifted their price target on Hewlett Packard Enterprise from $67.00 to $79.00 and gave the company an "overweight" rating in a research report on Thursday, September 3rd. Finally, Sanford C. Bernstein boosted their price target on Hewlett Packard Enterprise from $35.00 to $62.00 and gave the company a "market perform" rating in a report on Tuesday, June 2nd. Twelve analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $69.44.

Hewlett Packard Enterprise Stock Down 0.1%

HPE opened at $51.96 on Tuesday. Hewlett Packard Enterprise Company has a fifty-two week low of $19.84 and a fifty-two week high of $64.25. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.72 and a current ratio of 1.11. The company has a fifty day moving average of $50.10 and a two-hundred day moving average of $38.10. The stock has a market capitalization of $68.97 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 0.51 and a beta of 1.43.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings data on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.18. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The business had revenue of $12.21 billion during the quarter, compared to the consensus estimate of $11.97 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The company's revenue was up 33.7% compared to the same quarter last year. Hewlett Packard Enterprise has set its Q4 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 3.750-3.850 EPS. On average, research analysts expect that Hewlett Packard Enterprise Company will post 3.03 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, September 17th will be given a dividend of $0.1425 per share. The ex-dividend date is Thursday, September 17th. This represents a $0.57 dividend on an annualized basis and a yield of 1.1%. Hewlett Packard Enterprise's dividend payout ratio is currently 29.69%.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE's product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.

A major focus for HPE is hybrid cloud and consumption-based IT.

Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise Company (NYSE:HPE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.