Hewlett Packard Enterprise Company $HPE Shares Purchased by Korea Investment CORP

Key Points

• Korea Investment CORP increased its stake in Hewlett Packard Enterprise by 8.4%, owning over 1 million shares valued at approximately $16.78 million.
• The company's latest earnings report showed a quarterly profit of $0.38 EPS, exceeding analyst estimates, with revenues reaching $7.63 billion, a 5.9% increase year-over-year.
• Hewlett Packard Enterprise's stock has recently faced a 1.3% drop, currently trading at around $21.05 per share, amidst various analyst upgrades and target price modifications.

Korea Investment CORP raised its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 8.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,087,777 shares of the technology company's stock after buying an additional 83,856 shares during the period. Korea Investment CORP owned about 0.08% of Hewlett Packard Enterprise worth $16,784,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Qtron Investments LLC lifted its position in shares of Hewlett Packard Enterprise by 47.2% in the first quarter. Qtron Investments LLC now owns 24,752 shares of the technology company's stock valued at $382,000 after acquiring an additional 7,935 shares in the last quarter. Northern Trust Corp raised its stake in Hewlett Packard Enterprise by 3.4% in the 1st quarter. Northern Trust Corp now owns 16,730,015 shares of the technology company's stock valued at $258,144,000 after purchasing an additional 545,775 shares during the last quarter. Brooklyn Investment Group lifted its holdings in Hewlett Packard Enterprise by 7.3% in the 1st quarter. Brooklyn Investment Group now owns 19,478 shares of the technology company's stock valued at $301,000 after purchasing an additional 1,323 shares in the last quarter. Freestone Capital Holdings LLC lifted its holdings in Hewlett Packard Enterprise by 127.2% in the 1st quarter. Freestone Capital Holdings LLC now owns 26,395 shares of the technology company's stock valued at $407,000 after purchasing an additional 14,779 shares in the last quarter. Finally, Affinity Investment Advisors LLC boosted its stake in Hewlett Packard Enterprise by 19.0% during the 1st quarter. Affinity Investment Advisors LLC now owns 54,770 shares of the technology company's stock worth $845,000 after purchasing an additional 8,740 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Down 1.3%

Shares of NYSE HPE opened at $21.0550 on Thursday. The company has a market capitalization of $27.63 billion, a P/E ratio of 21.27, a P/E/G ratio of 3.07 and a beta of 1.37. 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 50 day simple moving average of $20.14 and a 200-day simple moving average of $18.28. 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 released its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.05. The firm had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%.The firm's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 earnings per share. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.780-1.900 EPS. Q3 2025 guidance at 0.400-0.450 EPS. On average, equities research analysts predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Wednesday, June 18th were issued a $0.13 dividend. 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 52.53%.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 68,590 shares of the stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $18.44, for a total transaction of $1,264,799.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Phil Mottram sold 30,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $20.54, for a total transaction of $616,200.00. Following the sale, the executive vice president owned 42,427 shares of the company's stock, 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. Insiders sold 128,590 shares of company stock worth $2,436,000 in the last ninety days. 0.36% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

HPE has been the subject of a number of recent research reports. Loop Capital increased their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a research report on Monday, June 9th. Wall Street Zen raised shares of Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Wells Fargo & Company boosted their target price 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. Finally, Evercore ISI increased their price target on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $22.87.

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.

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