Concurrent Investment Advisors LLC Sells 61,976 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• Concurrent Investment Advisors LLC reduced its stake in Hewlett Packard Enterprise (HPE) by 58.2%, selling 61,976 shares and leaving it with 44,447 shares worth approximately $909,000.
• Several hedge funds made significant adjustments to their HPE holdings, with National Bank of Canada FI increasing its position by 1,369.1%, acquiring over 15 million additional shares in the last quarter.
• Hewlett Packard Enterprise announced a quarterly dividend of $0.13 per share, marking a yield of 2.3%, with the ex-dividend date on September 18th.

Concurrent Investment Advisors LLC lessened its stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 58.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,447 shares of the technology company's stock after selling 61,976 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Hewlett Packard Enterprise were worth $909,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of HPE. National Bank of Canada FI raised its position in shares of Hewlett Packard Enterprise by 1,369.1% during the first quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company's stock worth $251,192,000 after acquiring an additional 15,171,314 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Hewlett Packard Enterprise by 3,847.1% in the second quarter. Assenagon Asset Management S.A. now owns 8,831,262 shares of the technology company's stock worth $180,599,000 after purchasing an additional 8,607,523 shares during the period. AQR Capital Management LLC raised its holdings in Hewlett Packard Enterprise by 45.6% during the 1st quarter. AQR Capital Management LLC now owns 12,521,303 shares of the technology company's stock worth $193,078,000 after purchasing an additional 3,922,516 shares during the last quarter. Vanguard Group Inc. lifted its position in 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 during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Hewlett Packard Enterprise by 15.6% in 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 during the last quarter. 80.78% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Antonio F. Neri sold 166,666 shares of the stock in a transaction on Friday, August 22nd. The shares were 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 of the company's stock, valued at $43,217,231.20. This represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary M. Reiner sold 40,000 shares of the business's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $24.58, for a total transaction of $983,200.00. Following the completion of the sale, the director directly owned 83,869 shares in the company, valued at $2,061,500.02. This represents a 32.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 543,738 shares of company stock worth $12,922,932 over the last quarter. 0.36% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HPE. Sanford C. Bernstein started coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, September 16th. They set a "market perform" rating and a $24.00 price target for the company. Raymond James Financial upped their target price on shares of Hewlett Packard Enterprise from $29.00 to $30.00 and gave the company a "strong-buy" rating in a research report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft raised their price target on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Evercore ISI upped their price objective on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Finally, Bank of America increased their target price on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a "buy" rating in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $25.50.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $22.55 on Friday. The stock's fifty day simple moving average is $23.56 and its 200 day simple moving average is $19.82. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $29.75 billion, a PE ratio of 27.50, a PEG ratio of 1.86 and a beta of 1.45. 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 announced its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.09). Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.The business had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $8.77 billion. During the same quarter last year, the company earned $0.50 earnings per share. The firm's revenue was up 19.8% compared to the same quarter last year. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. On average, research analysts predict 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 will be paid on Friday, October 17th. Shareholders of record on Thursday, September 18th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.3%. Hewlett Packard Enterprise's payout ratio is presently 63.41%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.