Banco Bilbao Vizcaya Argentaria S.A. Acquires 13,820 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Hewlett Packard Enterprise by 2.1%, owning 684,689 shares valued at approximately $10.57 million.
• Hewlett Packard Enterprise reported a quarterly earnings increase, achieving $0.38 EPS, surpassing analysts' expectations of $0.33.
• The company announced a quarterly dividend of $0.13 per share, representing an annualized yield of 2.4% with a payout ratio of 52.53%.

Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 684,689 shares of the technology company's stock after buying an additional 13,820 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A. owned approximately 0.05% of Hewlett Packard Enterprise worth $10,574,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HPE. Wellington Management Group LLP grew its holdings in Hewlett Packard Enterprise by 12.1% in the 1st quarter. Wellington Management Group LLP now owns 167,137 shares of the technology company's stock valued at $2,579,000 after buying an additional 18,010 shares in the last quarter. Cornerstone Select Advisors LLC raised its position in Hewlett Packard Enterprise by 5.0% in the 1st quarter. Cornerstone Select Advisors LLC now owns 37,489 shares of the technology company's stock valued at $578,000 after purchasing an additional 1,774 shares in the last quarter. Korea Investment CORP raised its holdings in Hewlett Packard Enterprise by 8.4% in the first quarter. Korea Investment CORP now owns 1,087,777 shares of the technology company's stock valued at $16,784,000 after acquiring an additional 83,856 shares in the last quarter. Qtron Investments LLC raised its holdings in Hewlett Packard Enterprise by 47.2% in the first quarter. Qtron Investments LLC now owns 24,752 shares of the technology company's stock valued at $382,000 after acquiring an additional 7,935 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Hewlett Packard Enterprise by 3.4% in the first quarter. Northern Trust Corp now owns 16,730,015 shares of the technology company's stock valued at $258,144,000 after acquiring an additional 545,775 shares in the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Hewlett Packard Enterprise news, 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 transaction of $1,264,799.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Phil Mottram sold 30,000 shares of the company's stock in a transaction dated Monday, June 30th. The shares were 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 of the company's stock, valued at $871,450.58. This represents a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 128,590 shares of company stock valued at $2,436,000 in the last ninety days. Corporate insiders own 0.36% of the company's stock.

Analyst Ratings Changes

HPE has been the subject of several recent analyst reports. Loop Capital boosted their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a research report on Monday, June 9th. UBS Group boosted their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $22.00 to $28.00 in a research report on Thursday. Evercore ISI boosted their target price on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Finally, Barclays increased their price objective on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. Two 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, Hewlett Packard Enterprise presently has an average rating of "Moderate Buy" and a consensus target price of $23.27.

Hewlett Packard Enterprise Stock Up 2.9%

Shares of HPE traded up $0.6410 during mid-day trading on Friday, reaching $22.4610. 18,242,237 shares of the stock traded hands, compared to its average volume of 14,960,326. The firm has a market cap of $29.47 billion, a price-to-earnings ratio of 22.69, a P/E/G ratio of 3.14 and a beta of 1.37. The stock has a fifty day simple moving average of $20.31 and a 200 day simple moving average of $18.30. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month 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.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.05. The business had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.51 billion. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The business's revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous 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. Sell-side analysts expect that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

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

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.