Boston Partners Cuts Stock Holdings in Hewlett Packard Enterprise Company $HPE

Key Points

• Boston Partners significantly reduced its stake in Hewlett Packard Enterprise by 85.9% during the first quarter, now holding 1,813,362 shares after selling over 11 million shares.
• Several institutional investors have altered their positions in Hewlett Packard Enterprise, with Mirae Asset Global Investments increasing its stake by 22.5% during the same period.
• The company's recent earnings report indicated a quarterly EPS of $0.38, exceeding analysts' expectations, and revenue of $7.63 billion, which was also above forecasts of $7.51 billion.

Boston Partners lessened its stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 85.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,813,362 shares of the technology company's stock after selling 11,034,974 shares during the quarter. Boston Partners owned approximately 0.14% of Hewlett Packard Enterprise worth $27,978,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Sowell Financial Services LLC bought a new stake in shares of Hewlett Packard Enterprise in the 1st quarter worth approximately $301,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Hewlett Packard Enterprise by 22.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,320 shares of the technology company's stock worth $2,421,000 after purchasing an additional 28,123 shares during the period. OneDigital Investment Advisors LLC bought a new stake in shares of Hewlett Packard Enterprise in the 1st quarter worth approximately $164,000. Farther Finance Advisors LLC raised its holdings in shares of Hewlett Packard Enterprise by 2.3% in the 1st quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company's stock worth $492,000 after purchasing an additional 699 shares during the period. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Hewlett Packard Enterprise by 21.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 14,108 shares of the technology company's stock worth $218,000 after purchasing an additional 2,466 shares during the period. Institutional investors own 80.78% of the company's stock.

Insiders Place Their Bets

In related news, SVP Jeremy Cox sold 68,590 shares of the company's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $18.44, for a total value of $1,264,799.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Phil Mottram sold 30,000 shares of the company's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $20.54, for a total transaction of $616,200.00. Following the completion of the transaction, the executive vice president owned 42,427 shares of the company's stock, valued at $871,450.58. This trade represents a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 128,590 shares of company stock valued at $2,436,000 over the last 90 days. Company insiders own 0.36% of the company's stock.

Analyst Upgrades and Downgrades

HPE has been the topic of a number of research reports. The Goldman Sachs Group initiated coverage on shares of Hewlett Packard Enterprise in a report on Thursday, July 24th. They issued a "neutral" rating and a $22.00 price target on the stock. Barclays boosted their target price on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. UBS Group boosted their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. started coverage on shares of Hewlett Packard Enterprise in a report on Thursday, July 17th. They set an "overweight" rating and a $30.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $22.87.

Hewlett Packard Enterprise Price Performance

Shares of HPE traded down $0.7070 during mid-day trading on Wednesday, reaching $20.6330. 3,909,297 shares of the stock traded hands, compared to its average volume of 18,654,748. The firm has a fifty day moving average price of $20.08 and a 200 day moving average price of $18.26. The company has a market cap of $27.08 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 3.12 and a beta of 1.37. The company has a current ratio of 1.29, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. Hewlett Packard Enterprise Company has a 1 year low of $11.97 and a 1 year high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.05. The firm 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 for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 EPS. 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 research analysts predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current 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 given 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 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.