Hewlett Packard Enterprise Company $HPE Shares Sold by Groupe la Francaise

Key Points

• Groupe la Francaise significantly reduced its stake in Hewlett Packard Enterprise (HPE) by 83.7%, owning 6,515 shares after selling 33,485 shares in the first quarter.
• Hewlett Packard Enterprise announced a quarterly dividend of $0.13 per share, resulting in a 2.3% dividend yield.
• Research analysts maintain a consensus rating of "Moderate Buy" for HPE, with a target price averaging $23.27.

Groupe la Francaise lessened its stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 83.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,515 shares of the technology company's stock after selling 33,485 shares during the quarter. Groupe la Francaise's holdings in Hewlett Packard Enterprise were worth $104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of HPE. Putney Financial Group LLC purchased a new position in Hewlett Packard Enterprise in the 4th quarter worth about $25,000. Alpine Bank Wealth Management bought a new position in shares of Hewlett Packard Enterprise during the 1st quarter valued at approximately $25,000. Bruce G. Allen Investments LLC boosted its stake 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 worth $26,000 after purchasing an additional 1,318 shares during the period. Zions Bancorporation National Association UT bought a new position in Hewlett Packard Enterprise in the 1st quarter worth approximately $27,000. Finally, Hara Capital LLC bought a new position in Hewlett Packard Enterprise in the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 80.78% of the company's stock.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 68,590 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $18.44, for a total transaction of $1,264,799.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Phil Mottram sold 30,000 shares of the 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 transaction, the executive vice president directly owned 42,427 shares in the company, valued at approximately $871,450.58. The trade was a 41.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 378,590 shares of company stock worth $8,106,833 in the last three months. 0.36% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE traded down $0.57 during trading hours on Friday, reaching $22.60. The company had a trading volume of 19,959,663 shares, compared to its average volume of 16,311,152. 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 firm has a market cap of $29.65 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 3.37 and a beta of 1.37. The business's 50 day moving average price is $20.79 and its 200-day moving average price is $18.35. 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 announced its earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.05. The business 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 quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company 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. Research analysts forecast that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Wednesday, June 18th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Wednesday, June 18th. Hewlett Packard Enterprise's payout ratio is presently 52.53%.

Wall Street Analyst Weigh In

HPE has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on Hewlett Packard Enterprise from $20.00 to $22.00 and gave the stock an "equal weight" rating in a report on Thursday, July 3rd. Wolfe Research assumed coverage on Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They set a "peer perform" rating for the company. UBS Group lifted their target price 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. Evercore ISI lifted their price objective on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Finally, The Goldman Sachs Group initiated coverage on Hewlett Packard Enterprise in a report on Thursday, July 24th. They issued a "neutral" rating and a $22.00 price objective for the company. Two equities research 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, Hewlett Packard Enterprise currently has an average rating of "Moderate Buy" and an average price target of $23.27.

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.