Wellington Management Group LLP Has $2.58 Million Position in Hewlett Packard Enterprise Company $HPE

Key Points

• Wellington Management Group LLP increased its stake in Hewlett Packard Enterprise by 12.1%, owning 167,137 shares worth $2,579,000 as of their latest SEC filing.
• Hewlett Packard Enterprise reported EPS of $0.38 for the last quarter, exceeding estimates, and set FY 2025 EPS guidance at 1.780-1.900.
• Institutional investors control 80.78% of Hewlett Packard Enterprise's stock, reflecting significant confidence in the company's prospects.

Wellington Management Group LLP grew its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 12.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 167,137 shares of the technology company's stock after purchasing an additional 18,010 shares during the period. Wellington Management Group LLP's holdings in Hewlett Packard Enterprise were worth $2,579,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of HPE. Putney Financial Group LLC acquired a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $25,000. Alpine Bank Wealth Management purchased a new stake in shares of Hewlett Packard Enterprise during the 1st quarter worth about $25,000. Bruce G. Allen Investments LLC raised its stake in shares of Hewlett Packard Enterprise by 345.0% during 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 in the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Hewlett Packard Enterprise during the 1st quarter worth about $27,000. Finally, Hara Capital LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 80.78% of the company's stock.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 68,590 shares of the business's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $18.44, for a total value of $1,264,799.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Phil Mottram sold 30,000 shares of the business's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $20.54, for a total value 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. The trade was a 41.42% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 378,590 shares of company stock valued at $8,106,833. 0.36% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on HPE shares. The Goldman Sachs Group initiated coverage on Hewlett Packard Enterprise in a research note on Thursday, July 24th. They set a "neutral" rating and a $22.00 price target for the company. Susquehanna raised their price objective on Hewlett Packard Enterprise from $16.00 to $21.00 and gave the company a "neutral" rating in a research note on Thursday. Barclays raised their price objective 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. KeyCorp started coverage on Hewlett Packard Enterprise in a research report on Thursday, June 26th. They issued a "sector weight" rating on the stock. Finally, Citigroup lifted their price target on Hewlett Packard Enterprise from $25.00 to $26.00 and gave the stock a "buy" rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $24.67.

Hewlett Packard Enterprise Price Performance

HPE stock traded up $0.58 during trading on Thursday, hitting $23.40. The company had a trading volume of 38,369,479 shares, compared to its average volume of 19,069,383. The company has a fifty day moving average price of $21.06 and a two-hundred day moving average price of $18.38. The company has a current ratio of 1.29, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The company has a market cap of $30.71 billion, a P/E ratio of 23.64, a P/E/G ratio of 3.28 and a beta of 1.43. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.33 by $0.05. The business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%.Hewlett Packard Enterprise's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 EPS. Equities research analysts expect that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 18th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.2%. Hewlett Packard Enterprise's dividend payout ratio is currently 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.