Caitong International Asset Management Co. Ltd Purchases 64,012 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• Caitong International Asset Management Co. Ltd significantly increased its stake in Hewlett Packard Enterprise (HPE) by purchasing 64,012 shares, bringing its total holdings to 64,077 shares, valued at $1.31 million.
• Hewlett Packard Enterprise's stock has received multiple analyst upgrades, with price targets being raised by firms such as Susquehanna and UBS Group, reflecting increased confidence in the company's performance.
• The company declared a quarterly dividend of $0.13 per share, translating to an annualized dividend yield of 2.2%, which indicates a commitment to returning value to shareholders.

Caitong International Asset Management Co. Ltd lifted its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 98,480.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,077 shares of the technology company's stock after purchasing an additional 64,012 shares during the quarter. Hewlett Packard Enterprise comprises 0.9% of Caitong International Asset Management Co. Ltd's investment portfolio, making the stock its 20th biggest holding. Caitong International Asset Management Co. Ltd's holdings in Hewlett Packard Enterprise were worth $1,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. National Bank of Canada FI lifted its position in shares of Hewlett Packard Enterprise by 1,369.1% during the 1st quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company's stock worth $251,192,000 after buying an additional 15,171,314 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Hewlett Packard Enterprise by 3,847.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 8,831,262 shares of the technology company's stock valued at $180,599,000 after buying an additional 8,607,523 shares in the last quarter. AQR Capital Management LLC grew its stake in Hewlett Packard Enterprise by 45.6% in the 1st quarter. AQR Capital Management LLC now owns 12,521,303 shares of the technology company's stock valued at $193,078,000 after buying an additional 3,922,516 shares in the last quarter. Vanguard Group Inc. grew its position in shares of 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 valued at $2,579,896,000 after purchasing an additional 2,779,446 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Hewlett Packard Enterprise by 15.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,584,742 shares of the technology company's stock valued at $271,333,000 after purchasing an additional 2,373,850 shares in the last quarter. Institutional investors own 80.78% of the company's stock.

Analyst Ratings Changes

HPE has been the subject of a number of recent analyst reports. Susquehanna boosted their price target on shares of Hewlett Packard Enterprise from $16.00 to $21.00 and gave the company a "neutral" rating in a research report on Thursday, September 4th. UBS Group lifted their price objective on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, October 16th. Evercore ISI lifted their price objective on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $22.00 to $28.00 in a report on Thursday, August 21st. Finally, Citigroup lifted their price objective on shares of Hewlett Packard Enterprise from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of "Hold" and a consensus price target of $25.41.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE:HPE opened at $23.18 on Friday. The company has a market cap of $30.58 billion, a price-to-earnings ratio of 28.26, a price-to-earnings-growth ratio of 1.71 and a beta of 1.45. The company has a 50-day moving average price of $23.76 and a 200-day moving average price of $20.12. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings data on Wednesday, September 3rd. The technology company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.09). Hewlett Packard Enterprise had a net margin of 3.77% and a return on equity of 9.01%. The firm had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.77 billion. During the same period last year, the company posted $0.50 earnings per share. The business's revenue was up 19.8% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. As a group, equities analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 18th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, September 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.2%. Hewlett Packard Enterprise's payout ratio is currently 63.41%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 40,000 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $24.58, for a total value of $983,200.00. Following the sale, the director owned 83,869 shares in the company, valued at approximately $2,061,500.02. This represents a 32.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Antonio F. Neri sold 166,666 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $22.52, for a total transaction of $3,753,318.32. Following the completion of the sale, the chief executive officer owned 1,919,060 shares in the company, 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. Insiders have sold 543,738 shares of company stock worth $12,922,932 over the last 90 days. 0.36% of the stock is owned by company insiders.

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.

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