BI Asset Management Fondsmaeglerselskab A S Has $3.32 Million Stake in Hewlett Packard Enterprise Company $HPE

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its stake in Hewlett Packard Enterprise by 52.5%, holding shares worth $3.32 million after selling 237,888 shares.
• Wall Street analysts have a consensus rating of "Moderate Buy" for HPE, with a consensus price target of $22.87, supported by several firms upgrading their price targets on the stock.
• Insiders have sold a total of 128,590 shares of HPE stock in recent months, representing a total value of $2.43 million, with insider ownership now at just 0.36%.

BI Asset Management Fondsmaeglerselskab A S lowered its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 52.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 215,382 shares of the technology company's stock after selling 237,888 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Hewlett Packard Enterprise were worth $3,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. Putney Financial Group LLC bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $25,000. Alpine Bank Wealth Management bought a new stake in Hewlett Packard Enterprise in the first quarter valued at approximately $25,000. Bruce G. Allen Investments LLC increased its position in Hewlett Packard Enterprise by 345.0% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock valued at $26,000 after purchasing an additional 1,318 shares during the period. Zions Bancorporation National Association UT bought a new position in Hewlett Packard Enterprise during the 1st quarter worth approximately $27,000. Finally, Hara Capital LLC acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth approximately $28,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HPE. Morgan Stanley boosted their target price on shares of Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an "equal weight" rating in a report on Tuesday, May 20th. Citigroup initiated coverage on Hewlett Packard Enterprise in a research note on Friday, July 25th. They issued a "buy" rating and a $25.00 price objective on the stock. Wall Street Zen upgraded Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Raymond James Financial lifted their target price on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the stock a "strong-buy" rating in a report on Wednesday, June 4th. Finally, Loop Capital increased their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Monday, June 9th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.87.

Insider Transactions at Hewlett Packard Enterprise

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 filing with the SEC, which is available through the SEC website. Also, EVP Phil Mottram sold 30,000 shares of the company's stock in a transaction that occurred on 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 owned 42,427 shares in the company, valued at $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. Insiders sold a total of 128,590 shares of company stock worth $2,436,000 over the last three months. 0.36% of the stock is owned by insiders.

Hewlett Packard Enterprise Trading Down 1.3%

Shares of Hewlett Packard Enterprise stock opened at $21.0550 on Thursday. The stock has a market capitalization of $27.63 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 3.07 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 stock has a 50 day moving average price of $20.14 and a two-hundred day moving average price of $18.28. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.05. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The firm had revenue of $7.63 billion during the quarter, compared to analysts' expectations of $7.51 billion. During the same period last year, the company earned $0.42 earnings per share. The business's 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 anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Wednesday, June 18th. Hewlett Packard Enterprise's payout ratio is presently 52.53%.

About Hewlett Packard Enterprise

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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