Dodge & Cox Sells 11,792 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• Dodge & Cox has sold 11,792 shares of Hewlett Packard Enterprise, reducing its holdings by 8.7% to now own a total of 123,883 shares valued at approximately $1.91 million.
• Hewlett Packard Enterprise reported a quarterly EPS of $0.38, exceeding estimates, with revenue of $7.63 billion, showcasing a year-over-year increase of 5.9%.
• The company declared a dividend of $0.13 per share, translating to an annualized dividend of $0.52, resulting in a dividend yield of 2.3%.

Dodge & Cox reduced its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 8.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 123,883 shares of the technology company's stock after selling 11,792 shares during the quarter. Dodge & Cox's holdings in Hewlett Packard Enterprise were worth $1,912,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HPE. Jump Financial LLC bought a new stake in Hewlett Packard Enterprise during the 4th quarter valued at $303,000. MML Investors Services LLC raised its holdings in Hewlett Packard Enterprise by 5.0% during the 4th quarter. MML Investors Services LLC now owns 124,536 shares of the technology company's stock valued at $2,659,000 after buying an additional 5,876 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in Hewlett Packard Enterprise by 130.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 4,071 shares of the technology company's stock valued at $87,000 after buying an additional 2,307 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Hewlett Packard Enterprise by 0.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,846,366 shares of the technology company's stock valued at $39,421,000 after buying an additional 17,355 shares during the last quarter. Finally, MGO One Seven LLC bought a new stake in Hewlett Packard Enterprise during the 4th quarter valued at $424,000. 80.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HPE has been the subject of a number of recent analyst reports. KeyCorp initiated coverage on Hewlett Packard Enterprise in a report on Thursday, June 26th. They set a "sector weight" rating for the company. Loop Capital upped their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Monday, June 9th. Wells Fargo & Company upped their target price on shares of Hewlett Packard Enterprise from $20.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 3rd. Citigroup began coverage on shares of Hewlett Packard Enterprise in a research report on Friday, July 25th. They set a "buy" rating and a $25.00 price objective on the stock. Finally, Morgan Stanley raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $22.00 to $28.00 in a report on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of "Moderate Buy" and an average target price of $23.27.

Insider Activity

In other news, EVP Phil Mottram sold 30,000 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $20.54, for a total transaction of $616,200.00. Following the completion of the sale, the executive vice president directly owned 42,427 shares of the company's stock, valued at approximately $871,450.58. The trade was a 41.42% 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 business's 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 sale, the chief executive officer directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 295,256 shares of company stock valued at $6,189,318. 0.36% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Trading Up 2.0%

NYSE HPE traded up $0.45 on Thursday, hitting $23.18. 24,871,120 shares of the stock were exchanged, compared to its average volume of 18,804,764. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29. The stock has a fifty day moving average price of $20.59 and a two-hundred day moving average price of $18.33. The firm has a market capitalization of $30.41 billion, a P/E ratio of 23.41, a P/E/G ratio of 3.27 and a beta of 1.37. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $24.66.

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

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.2%. 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.