APG Asset Management N.V. Has $8.83 Million Position in Hewlett Packard Enterprise Company $HPE

Key Points

• APG Asset Management N.V. reduced its stake in Hewlett Packard Enterprise (HPE) by 13.9%, holding 617,851 shares worth approximately $8.83 million after selling 99,599 shares in the first quarter.
• Institutional investors control 80.78% of HPE's stock, with the National Bank of Canada FI drastically increasing its holdings by 1,369.1% to over 16 million shares valued at $251 million.
• Hewlett Packard Enterprise reported a 5.9% year-over-year revenue increase to $7.63 billion and beat the earnings per share estimate with a report of $0.38 for the last quarter.

APG Asset Management N.V. lowered its holdings in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 13.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 617,851 shares of the technology company's stock after selling 99,599 shares during the quarter. APG Asset Management N.V.'s holdings in Hewlett Packard Enterprise were worth $8,826,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of HPE. National Bank of Canada FI grew its position in 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. Northern Trust Corp lifted its stake in Hewlett Packard Enterprise by 24.7% during the 4th quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company's stock valued at $345,534,000 after acquiring an additional 3,208,424 shares in the last quarter. Worldquant Millennium Advisors LLC boosted its holdings in Hewlett Packard Enterprise by 1,382.5% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 3,299,615 shares of the technology company's stock worth $70,447,000 after acquiring an additional 3,077,046 shares during the last quarter. Freestone Grove Partners LP purchased a new position in Hewlett Packard Enterprise during the 4th quarter worth $60,040,000. Finally, Vanguard Group Inc. boosted its holdings 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 acquiring an additional 2,779,446 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Insider Activity

In other news, EVP Phil Mottram sold 30,000 shares of the company's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $20.54, for a total transaction of $616,200.00. Following the sale, the executive vice president directly owned 42,427 shares in the company, valued at $871,450.58. This represents a 41.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jeremy Cox sold 68,590 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $18.44, for a total value of $1,264,799.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 128,590 shares of company stock worth $2,436,000. Company insiders own 0.36% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HPE. JPMorgan Chase & Co. began coverage on shares of Hewlett Packard Enterprise in a report on Thursday, July 17th. They issued an "overweight" rating and a $30.00 price target on the stock. KeyCorp began coverage on shares of Hewlett Packard Enterprise in a report on Thursday, June 26th. They issued a "sector weight" rating on the stock. Wall Street Zen raised shares of Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. Wells Fargo & Company boosted their price target on shares of Hewlett Packard Enterprise from $20.00 to $22.00 and gave the stock an "equal weight" rating in a report on Thursday, July 3rd. Finally, Citigroup began coverage on shares of Hewlett Packard Enterprise in a report on Friday, July 25th. They issued a "buy" rating and a $25.00 price target on the stock. Two research 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 company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $23.27.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $22.60 on Tuesday. The company has a market cap of $29.66 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 3.23 and a beta of 1.37. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $24.66. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52. The firm's 50-day simple moving average is $20.39 and its two-hundred day simple moving average is $18.27.

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

Hewlett Packard Enterprise Dividend Announcement

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

Hewlett Packard Enterprise Company 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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