D L Carlson Investment Group Inc. Sells 16,897 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• D L Carlson Investment Group Inc. reduced its holdings in Hewlett Packard Enterprise Company (HPE) by 4.9%, selling 16,897 shares, while retaining a total of 326,098 shares valued at approximately $5,032,000.
• Multiple institutional investors have recently adjusted their positions in HPE, with significant increases from Mirae Asset Global Investments, which boosted its stake by 22.5%, now owning 153,320 shares.
• Hewlett Packard Enterprise has received various analyst updates, with recommendations ranging from a "strong-buy" rating from Raymond James Financial to a "hold" rating by Wall Street Zen, reflecting a consensus rating of "Moderate Buy".

D L Carlson Investment Group Inc. lowered its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 326,098 shares of the technology company's stock after selling 16,897 shares during the quarter. Hewlett Packard Enterprise makes up about 1.0% of D L Carlson Investment Group Inc.'s portfolio, making the stock its 26th biggest position. D L Carlson Investment Group Inc.'s holdings in Hewlett Packard Enterprise were worth $5,032,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

HPE has been the topic of several recent research reports. KeyCorp initiated coverage on Hewlett Packard Enterprise in a research report on Thursday, June 26th. They set a "sector weight" rating on the stock. Loop Capital increased their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a research report on Monday, June 9th. Raymond James Financial increased their target price on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the company a "strong-buy" rating in a research report on Wednesday, June 4th. Bank of America increased their target price on Hewlett Packard Enterprise from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, Wall Street Zen upgraded Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $23.27.

Insider Buying and Selling

In related news, EVP Phil Mottram sold 30,000 shares of the firm's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $20.54, for a total value of $616,200.00. Following the completion of the transaction, the executive vice president owned 42,427 shares in the company, valued at $871,450.58. This trade represents a 41.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jeremy Cox sold 68,590 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $18.44, for a total value of $1,264,799.60. The disclosure for this sale can be found here. Insiders sold 295,256 shares of company stock worth $6,189,318 in the last 90 days. Insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $22.55 on Wednesday. The firm has a market capitalization of $29.58 billion, a price-to-earnings ratio of 22.77, a price-to-earnings-growth ratio of 3.28 and a beta of 1.37. 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 business has a fifty day moving average of $20.49 and a 200 day moving average of $18.30. 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 issued its earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.05. The company had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%.The firm's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $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, research analysts expect that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Wednesday, June 18th were paid a $0.13 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.3%. Hewlett Packard Enterprise's dividend payout ratio (DPR) 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.

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