Caisse DE Depot ET Placement DU Quebec Sells 433,855 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• Caisse DE Depot ET Placement DU Quebec has reduced its stake in Hewlett Packard Enterprise by 37.2%, selling 433,855 shares and owning approximately 0.06% of the company valued at $11.3 million.
• Several institutional investors, including Kayne Anderson Rudnick and Synovus Financial Corp, have increased their positions in Hewlett Packard Enterprise significantly, indicating growing investor confidence.
• Hewlett Packard Enterprise recently announced a quarterly dividend of $0.13 per share, representing an annualized yield of 2.3% with a payout ratio of 52.53%.

Caisse DE Depot ET Placement DU Quebec cut its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 37.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 730,982 shares of the technology company's stock after selling 433,855 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.06% of Hewlett Packard Enterprise worth $11,279,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sowell Financial Services LLC purchased a new position in shares of Hewlett Packard Enterprise during the first quarter valued at $301,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Hewlett Packard Enterprise by 22.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,320 shares of the technology company's stock valued at $2,421,000 after buying an additional 28,123 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new position in shares of Hewlett Packard Enterprise during the first quarter valued at $164,000. Farther Finance Advisors LLC grew its holdings in shares of Hewlett Packard Enterprise by 2.3% during the first quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company's stock valued at $492,000 after buying an additional 699 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Hewlett Packard Enterprise by 21.2% during the first quarter. Exchange Traded Concepts LLC now owns 14,108 shares of the technology company's stock valued at $218,000 after buying an additional 2,466 shares in the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 68,590 shares of the company's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $18.44, for a total value of $1,264,799.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Antonio F. Neri sold 166,666 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $22.52, for a total value of $3,753,318.32. Following the completion of the transaction, the chief executive officer directly owned 1,919,060 shares of the company's stock, valued at approximately $43,217,231.20. This trade represents a 7.99% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 378,590 shares of company stock valued at $8,106,833. Insiders own 0.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. started coverage on Hewlett Packard Enterprise in a report on Thursday, July 17th. They set an "overweight" rating and a $30.00 price target on the stock. Wall Street Zen upgraded Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. UBS Group boosted their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Deutsche Bank Aktiengesellschaft boosted their target price on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, Barclays boosted their target price on 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 investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $23.27.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE traded down $0.57 during trading hours on Monday, hitting $22.60. 19,959,663 shares of the company's stock were exchanged, compared to its average volume of 16,573,066. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $24.66. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96. The stock has a market capitalization of $29.65 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 3.28 and a beta of 1.43. The company's 50-day moving average price is $20.79 and its 200-day moving average price is $18.31.

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

Hewlett Packard Enterprise Announces Dividend

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