Hewlett Packard Enterprise Company $HPE Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in Hewlett Packard Enterprise by 41.1%, now owning 210,760 shares valued at approximately $3.25 million.
• Several institutional investors increased their stakes in HPE, with National Bank of Canada FI raising its position by 1,369.1%, now holding over 16 million shares valued at $251 million.
• Hewlett Packard Enterprise recently reported earnings of $0.38 per share, exceeding analyst estimates, with quarterly revenue growing 5.9% year-over-year to $7.63 billion.

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its holdings in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 41.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,760 shares of the technology company's stock after selling 147,300 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Hewlett Packard Enterprise were worth $3,252,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Putney Financial Group LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth $25,000. Alpine Bank Wealth Management acquired a new stake in shares of Hewlett Packard Enterprise in the 1st quarter worth $25,000. Bruce G. Allen Investments LLC boosted its position in shares of 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 worth $26,000 after purchasing an additional 1,318 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Hewlett Packard Enterprise in the 1st quarter worth $27,000. Finally, Hara Capital LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth $28,000. Institutional investors and hedge funds own 80.78% of the company's stock.

Insider Activity

In related news, EVP Phil Mottram sold 30,000 shares of Hewlett Packard Enterprise stock in a transaction dated 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. The trade was a 41.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeremy Cox sold 68,590 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was 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 sold 128,590 shares of company stock valued at $2,436,000. 0.36% of the stock is owned by company insiders.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock traded down $0.2850 on Wednesday, hitting $21.0550. The company had a trading volume of 16,996,366 shares, compared to its average volume of 18,750,041. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52. Hewlett Packard Enterprise Company has a twelve month low of $11.97 and a twelve month high of $24.66. The company has a 50-day moving average price of $20.08 and a 200-day moving average price of $18.26. The firm has a market cap of $27.63 billion, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 3.12 and a beta of 1.37.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%.The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same quarter in the previous year, the business earned $0.42 EPS. Hewlett Packard Enterprise's revenue for the quarter was up 5.9% compared to the same quarter last year. 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, equities research analysts predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on HPE. Loop Capital lifted their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a research report on Monday, June 9th. The Goldman Sachs Group began coverage on Hewlett Packard Enterprise in a research report on Thursday, July 24th. They set a "neutral" rating and a $22.00 price target for the company. Barclays lifted their price target on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an "overweight" rating in a research report on Thursday, July 3rd. Citigroup began coverage on Hewlett Packard Enterprise in a research report on Friday, July 25th. They set a "buy" rating and a $25.00 price target for the company. Finally, UBS Group lifted their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Two 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. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.87.

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.