Allspring Global Investments Holdings LLC decreased its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 23.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,184 shares of the technology company's stock after selling 20,031 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Hewlett Packard Enterprise were worth $1,355,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management acquired a new stake in Hewlett Packard Enterprise in the first quarter valued at approximately $25,000. Zions Bancorporation National Association UT acquired a new stake in Hewlett Packard Enterprise in the first quarter valued at approximately $27,000. MorganRosel Wealth Management LLC acquired a new stake in Hewlett Packard Enterprise in the first quarter valued at approximately $31,000. Hilltop National Bank acquired a new stake in Hewlett Packard Enterprise in the second quarter valued at approximately $35,000. Finally, Transce3nd LLC increased its stake in Hewlett Packard Enterprise by 2,937.2% in the first quarter. Transce3nd LLC now owns 2,369 shares of the technology company's stock valued at $37,000 after purchasing an additional 2,291 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.
Insider Activity at Hewlett Packard Enterprise
In related news, EVP Maeve C. Culloty sold 3,738 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total value of $93,898.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Antonio F. Neri sold 166,666 shares of Hewlett Packard Enterprise stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $22.52, for a total transaction of $3,753,318.32. Following the completion of the transaction, the chief executive officer owned 1,919,060 shares in the company, valued at approximately $43,217,231.20. This trade represents a 7.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 543,738 shares of company stock worth $12,922,932 in the last three months. Insiders own 0.36% of the company's stock.
Hewlett Packard Enterprise Stock Performance
Shares of HPE opened at $23.10 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. The firm has a market cap of $30.47 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 1.73 and a beta of 1.45. The company's 50 day simple moving average is $23.72 and its 200-day simple moving average is $20.05. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $26.44.
Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.09). Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.The business had revenue of $9.14 billion for the quarter, compared to analysts' expectations of $8.77 billion. During the same quarter last year, the business posted $0.50 earnings per share. The business's revenue was up 19.8% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. As a group, equities analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.
Hewlett Packard Enterprise Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 18th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Thursday, September 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 63.41%.
Analysts Set New Price Targets
Several equities analysts have commented on HPE shares. Barclays increased their price target on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company an "overweight" rating in a research note on Thursday, October 16th. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. Zacks Research lowered shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. UBS Group increased their price target on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, October 16th. Finally, Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $22.00 to $28.00 in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat, Hewlett Packard Enterprise presently has an average rating of "Hold" and an average target price of $25.41.
Check Out Our Latest Stock Analysis on HPE
Hewlett Packard Enterprise Profile
(
Free Report)
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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