Ethic Inc. Trims Stock Holdings in Hewlett Packard Enterprise Company $HPE

Key Points

• Ethic Inc. has reduced its holdings in Hewlett Packard Enterprise Company (HPE) by 11.1%, now owning 218,079 shares worth approximately $3.41 million.
• Several hedge funds have also established new stakes in HPE recently, with notable purchases ranging from $25,000 to $31,000 during the fourth quarter.
• Brokerages have raised their price targets for HPE, with Morgan Stanley increasing it from $14.00 to $22.00 and UBS from $16.00 to $18.00, reflecting a generally positive sentiment towards the stock.

Ethic Inc. cut its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 11.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,079 shares of the technology company's stock after selling 27,279 shares during the period. Ethic Inc.'s holdings in Hewlett Packard Enterprise were worth $3,411,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HPE. Putney Financial Group LLC acquired a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $25,000. Alpine Bank Wealth Management bought a new position in shares of Hewlett Packard Enterprise in the 1st quarter worth $25,000. Bruce G. Allen Investments LLC grew its position in Hewlett Packard Enterprise by 345.0% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock valued at $26,000 after purchasing an additional 1,318 shares during the period. Zions Bancorporation National Association UT acquired a new stake in Hewlett Packard Enterprise in the 1st quarter valued at $27,000. Finally, Hara Capital LLC bought a new stake in Hewlett Packard Enterprise during the 4th quarter valued at $28,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Performance

Shares of HPE traded down $0.2850 on Wednesday, reaching $21.0550. 16,996,372 shares of the company's stock traded hands, compared to its average volume of 18,750,041. The stock's 50 day simple moving average is $20.08 and its two-hundred day simple moving average is $18.26. The stock has a market cap of $27.63 billion, a PE ratio of 21.27, a PEG ratio of 3.12 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. The company has a current ratio of 1.29, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.05. The firm had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%.The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. On average, analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th were given a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.52 annualized dividend and a yield of 2.5%. Hewlett Packard Enterprise's payout ratio is currently 52.53%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Citigroup assumed coverage on shares of Hewlett Packard Enterprise in a report on Friday, July 25th. They set a "buy" rating and a $25.00 price objective for the company. Wolfe Research assumed coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. initiated coverage on Hewlett Packard Enterprise in a report on Thursday, July 17th. They issued an "overweight" rating and a $30.00 target price on the stock. Finally, UBS Group lifted their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $22.87.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise 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 sale, the executive vice president directly owned 42,427 shares of the company's stock, valued at $871,450.58. This trade represents a 41.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Jeremy Cox sold 68,590 shares of the company's stock in a transaction on 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. In the last 90 days, insiders have sold 128,590 shares of company stock valued at $2,436,000. 0.36% of the stock is currently owned by company insiders.

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.