Generali Asset Management SPA SGR Sells 203,359 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• Generali Asset Management SPA SGR significantly reduced its stake in Hewlett Packard Enterprise by 99% during the second quarter, selling 203,359 shares, leaving them with only 2,113 shares valued at $43,000.
• Several institutional investors increased their holdings in Hewlett Packard Enterprise, with Sagespring Wealth Partners LLC upping their stake by 18.8% and Sequoia Financial Advisors LLC nearly doubling their position by 97.4%.
• Analysts have increased price targets for Hewlett Packard Enterprise, with notable upgrades from Wells Fargo (from $22.00 to $26.00) and Morgan Stanley (from $22.00 to $28.00), with a consensus target price of $25.50.

Generali Asset Management SPA SGR cut its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 99.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,113 shares of the technology company's stock after selling 203,359 shares during the quarter. Generali Asset Management SPA SGR's holdings in Hewlett Packard Enterprise were worth $43,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Ritholtz Wealth Management increased its position in shares of Hewlett Packard Enterprise by 14.8% during the 2nd quarter. Ritholtz Wealth Management now owns 108,843 shares of the technology company's stock valued at $2,226,000 after purchasing an additional 14,062 shares during the last quarter. Sagespring Wealth Partners LLC increased its position in shares of Hewlett Packard Enterprise by 18.8% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 12,612 shares of the technology company's stock valued at $258,000 after purchasing an additional 1,995 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in shares of Hewlett Packard Enterprise by 25.3% during the 2nd quarter. Wilmington Savings Fund Society FSB now owns 28,305 shares of the technology company's stock valued at $579,000 after purchasing an additional 5,708 shares during the last quarter. Morningstar Investment Management LLC bought a new position in shares of Hewlett Packard Enterprise during the 2nd quarter valued at about $227,000. Finally, Sequoia Financial Advisors LLC increased its position in shares of Hewlett Packard Enterprise by 97.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 42,508 shares of the technology company's stock valued at $869,000 after purchasing an additional 20,971 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on HPE shares. Wells Fargo & Company raised their price target on Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 4th. Morgan Stanley upgraded Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $22.00 to $28.00 in a research report on Thursday, August 21st. 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. Zacks Research lowered Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 29th. Finally, Raymond James Financial raised their price target on Hewlett Packard Enterprise from $29.00 to $30.00 and gave the stock a "strong-buy" rating in a research report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $25.50.

Hewlett Packard Enterprise Trading Up 2.3%

NYSE HPE opened at $23.01 on Friday. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $26.44. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. The stock has a 50 day simple moving average of $23.61 and a two-hundred day simple moving average of $19.90. The stock has a market cap of $30.36 billion, a P/E ratio of 28.06, a price-to-earnings-growth ratio of 1.70 and a beta of 1.45.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings data on Wednesday, September 3rd. The technology company reported $0.35 earnings per share 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 analysts' expectations of $8.77 billion. During the same quarter last year, the business posted $0.50 EPS. The company's quarterly 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, analysts forecast 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 Friday, October 17th. Stockholders of record on Thursday, September 18th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Thursday, September 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 63.41%.

Insider Activity

In other news, EVP Maeve C. Culloty sold 3,738 shares of the firm's stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total value of $93,898.56. The transaction 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 firm's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $24.58, for a total value of $983,200.00. Following the completion of the transaction, the director owned 83,869 shares of the company's stock, valued at approximately $2,061,500.02. The trade was a 32.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 543,738 shares of company stock worth $12,922,932 in the last quarter. 0.36% of the stock is 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.

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