Candriam S.C.A. Acquires 23,515 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• Candriam S.C.A. increased its HPE stake by 12.5% in the third quarter, adding 23,515 shares to bring its holdings to 211,476 shares, valued at about $13.6 million.
• Institutional investors own 80.78% of HPE shares. Meanwhile, company insiders sold about 585,900 shares worth $37.3 million over the past 90 days; the reported sales were made under pre-arranged trading plans.
• HPE beat quarterly earnings and revenue expectations, reporting EPS of $1.11 and revenue of $12.21 billion. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $65.44.

Candriam S.C.A. boosted its holdings in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 12.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 211,476 shares of the technology company's stock after acquiring an additional 23,515 shares during the period. Candriam S.C.A.'s holdings in Hewlett Packard Enterprise were worth $13,561,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in HPE. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Hewlett Packard Enterprise during the 2nd quarter worth approximately $1,027,139,000. Primecap Management Co. CA acquired a new position in shares of Hewlett Packard Enterprise during the 2nd quarter worth approximately $773,225,000. Elliott Investment Management L.P. lifted its stake in Hewlett Packard Enterprise by 47.2% in the 1st quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company's stock valued at $652,912,000 after buying an additional 8,790,757 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Hewlett Packard Enterprise by 6.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,088,774 shares of the technology company's stock valued at $590,435,000 after buying an additional 756,972 shares in the last quarter. Finally, Legal & General Group Plc purchased a new stake in Hewlett Packard Enterprise in the 2nd quarter valued at approximately $512,721,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Rami Rahim sold 34,443 shares of the business's stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $58.04, for a total value of $1,999,071.72. Following the sale, the executive vice president owned 840,690 shares of the company's stock, valued at approximately $48,793,647.60. The trade was a 3.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Antonio F. Neri sold 250,000 shares of the company's stock in a transaction on Monday, October 5th. The shares were sold at an average price of $68.31, for a total value of $17,077,500.00. Following the completion of the sale, the chief executive officer owned 1,182,393 shares of the company's stock, valued at approximately $80,769,265.83. This trade represents a 17.45% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 585,899 shares of company stock worth $37,270,329 over the last ninety days. Company insiders own 0.44% of the company's stock.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $47.59 on Tuesday. Hewlett Packard Enterprise Company has a 52 week low of $19.84 and a 52 week high of $73.56. The company has a 50-day moving average price of $59.10 and a two-hundred day moving average price of $41.52. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 0.65. The stock has a market cap of $63.17 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 0.32 and a beta of 1.46.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.18. The company had revenue of $12.21 billion during the quarter, compared to analyst estimates of $11.97 billion. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The business's revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 EPS. Hewlett Packard Enterprise has set its Q4 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 3.750-3.850 EPS. Analysts forecast that Hewlett Packard Enterprise Company will post 3.35 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, September 17th were given a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, September 17th. Hewlett Packard Enterprise's dividend payout ratio is 29.69%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on HPE shares. Truist Financial reissued a "buy" rating and set a $75.00 price target (up from $70.00) on shares of Hewlett Packard Enterprise in a research report on Thursday, October 1st. Zacks Research upgraded shares of Hewlett Packard Enterprise from a "hold" rating to a "strong-buy" rating in a report on Friday, September 4th. UBS Group raised their price objective on Hewlett Packard Enterprise from $59.00 to $66.00 and gave the stock a "neutral" rating in a report on Thursday, October 1st. Wall Street Zen raised Hewlett Packard Enterprise from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 30th. Finally, Morgan Stanley boosted their price objective on shares of Hewlett Packard Enterprise from $67.00 to $72.00 and gave the stock an "overweight" rating in a research note on Thursday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Hewlett Packard Enterprise has an average rating of "Moderate Buy" and a consensus price target of $65.44.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise (HPE) is a global information technology company that provides products and services for businesses, governments and other organizations. Its offerings span servers and computing systems, data storage, networking, hybrid cloud, artificial intelligence and edge computing.

HPE sells systems such as HPE ProLiant servers and HPE Alletra storage, along with networking products through HPE Aruba Networking. Its HPE GreenLake platform provides cloud and IT services through a flexible, consumption-based model.

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