Gulf International Bank UK Ltd Sells 28,179 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• Gulf International Bank UK Ltd reduced its stake in Hewlett Packard Enterprise by 27.9%, selling 28,179 shares and now holding 72,802 shares valued at approximately $1.12 million.
• Hewlett Packard Enterprise reported a quarterly earnings per share of $0.38, exceeding analysts' estimates of $0.33, along with a revenue increase of 5.9% year-over-year.
• The company recently declared a quarterly dividend of $0.13 per share, yielding an annualized dividend of 2.5% with a payout ratio of 52.53%.

Gulf International Bank UK Ltd trimmed its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 27.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,802 shares of the technology company's stock after selling 28,179 shares during the period. Gulf International Bank UK Ltd's holdings in Hewlett Packard Enterprise were worth $1,123,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Forum Financial Management LP raised its holdings in shares of Hewlett Packard Enterprise by 2.2% during the fourth quarter. Forum Financial Management LP now owns 23,639 shares of the technology company's stock valued at $505,000 after buying an additional 515 shares during the last quarter. Colonial Trust Co SC raised its holdings in shares of Hewlett Packard Enterprise by 16.4% during the fourth quarter. Colonial Trust Co SC now owns 4,420 shares of the technology company's stock valued at $94,000 after buying an additional 622 shares during the last quarter. Lido Advisors LLC raised its holdings in shares of Hewlett Packard Enterprise by 1.0% during the fourth quarter. Lido Advisors LLC now owns 71,024 shares of the technology company's stock valued at $1,526,000 after buying an additional 691 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Hewlett Packard Enterprise by 2.3% during the first quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company's stock valued at $492,000 after buying an additional 699 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in shares of Hewlett Packard Enterprise by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 70,600 shares of the technology company's stock valued at $1,089,000 after buying an additional 700 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HPE has been the topic of several recent analyst reports. Citigroup initiated coverage on Hewlett Packard Enterprise in a report on Friday, July 25th. They set a "buy" rating and a $25.00 target price on the stock. Barclays boosted their target price on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an "overweight" rating in a report on Thursday, July 3rd. Wall Street Zen raised Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. The Goldman Sachs Group initiated coverage on Hewlett Packard Enterprise in a report on Thursday, July 24th. They set a "neutral" rating and a $22.00 target price on the stock. Finally, Wolfe Research initiated coverage on Hewlett Packard Enterprise in a report on Tuesday, July 8th. They set a "peer perform" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $22.87.

Insider Activity at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 68,590 shares of the business's stock in a transaction on Friday, June 27th. The shares were 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 SEC, which can be accessed through this link. Also, 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 transaction, the executive vice president owned 42,427 shares in the company, valued at approximately $871,450.58. This represents a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 128,590 shares of company stock worth $2,436,000. Corporate insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Trading Down 1.9%

NYSE HPE traded down $0.3950 on Wednesday, hitting $20.9450. 10,690,039 shares of the stock were exchanged, compared to its average volume of 18,708,367. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $24.66. 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 company has a market capitalization of $27.48 billion, a price-to-earnings ratio of 21.15, a P/E/G ratio of 3.12 and a beta of 1.37. The company's 50-day moving average price is $20.08 and its two-hundred day moving average price is $18.26.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings data 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. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The firm had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.51 billion. During the same period in the previous year, the company posted $0.42 EPS. The company's quarterly revenue 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. Research analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

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

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.