Synovus Financial Corp Acquires 116,155 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• Synovus Financial Corp increased its stake in Hewlett Packard Enterprise Company by 503.7% during the first quarter, holding 139,214 shares valued at approximately $2.15 million.
• Hewlett Packard Enterprise reported a quarterly EPS of $0.38, exceeding the consensus estimate by $0.05, with a year-over-year revenue increase of 5.9%.
• The company recently declared a quarterly dividend of $0.13 per share, representing an annual dividend yield of 2.3%.

Synovus Financial Corp raised its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 503.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,214 shares of the technology company's stock after acquiring an additional 116,155 shares during the quarter. Synovus Financial Corp's holdings in Hewlett Packard Enterprise were worth $2,148,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. National Bank of Canada FI grew its position in Hewlett Packard Enterprise by 1,369.1% during the first quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company's stock valued at $251,192,000 after purchasing an additional 15,171,314 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Hewlett Packard Enterprise by 24.7% during the 4th quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company's stock valued at $345,534,000 after acquiring an additional 3,208,424 shares in the last quarter. Worldquant Millennium Advisors LLC grew its holdings in shares of Hewlett Packard Enterprise by 1,382.5% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 3,299,615 shares of the technology company's stock valued at $70,447,000 after acquiring an additional 3,077,046 shares in the last quarter. Freestone Grove Partners LP purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $60,040,000. Finally, Vanguard Group Inc. grew its stake in Hewlett Packard Enterprise by 1.7% in the first quarter. Vanguard Group Inc. now owns 167,199,996 shares of the technology company's stock valued at $2,579,896,000 after purchasing an additional 2,779,446 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on HPE shares. Raymond James Financial boosted their target price on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the company a "strong-buy" rating in a research note on Wednesday, June 4th. Barclays boosted their price target on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. UBS Group boosted their target price on shares of 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 upped their price objective on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $23.27.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Phil Mottram sold 30,000 shares of the stock in a transaction on Monday, June 30th. The shares were 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 represents a 41.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Antonio F. Neri sold 83,334 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $23.01, for a total transaction of $1,917,515.34. Following the completion of the sale, the chief executive officer owned 1,835,726 shares of the company's stock, valued at approximately $42,240,055.26. The trade was a 4.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 378,590 shares of company stock valued at $8,106,833 in the last ninety days. Company insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Performance

HPE stock traded down $0.57 during mid-day trading on Friday, reaching $22.60. 19,959,663 shares of the stock traded hands, compared to its average volume of 16,311,152. 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 52 week low of $11.97 and a 52 week high of $24.66. The business has a 50-day moving average of $20.79 and a two-hundred day moving average of $18.33. The firm has a market capitalization of $29.65 billion, a PE ratio of 22.82, a P/E/G ratio of 3.28 and a beta of 1.37.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings results 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. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The company had revenue of $7.63 billion during the quarter, compared to analysts' expectations of $7.51 billion. During the same period in the prior year, the company earned $0.42 earnings per share. The business'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. As a group, equities analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.3%. Hewlett Packard Enterprise's dividend payout ratio is 52.53%.

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.