Hewlett Packard Enterprise Company $HPE Holdings Decreased by Credit Agricole S A

Key Points

• Credit Agricole S A reduced its stake in Hewlett Packard Enterprise by 4.3%, owning 1,465,603 shares valued at approximately $22.6 million after selling shares in the first quarter.
• Hewlett Packard Enterprise reported earnings of $0.38 per share for the latest quarter, surpassing estimates, and had revenue of $7.63 billion.
• The company declared a quarterly dividend of $0.13 per share, resulting in a 2.4% dividend yield, with a payout ratio of 52.53%.

Credit Agricole S A cut its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 4.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,465,603 shares of the technology company's stock after selling 65,288 shares during the period. Credit Agricole S A owned about 0.11% of Hewlett Packard Enterprise worth $22,614,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of Hewlett Packard Enterprise by 2.1% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 684,689 shares of the technology company's stock valued at $10,574,000 after buying an additional 13,820 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Hewlett Packard Enterprise by 12.1% in the first quarter. Wellington Management Group LLP now owns 167,137 shares of the technology company's stock valued at $2,579,000 after purchasing an additional 18,010 shares during the period. Cornerstone Select Advisors LLC boosted its stake in Hewlett Packard Enterprise by 5.0% during the first quarter. Cornerstone Select Advisors LLC now owns 37,489 shares of the technology company's stock worth $578,000 after buying an additional 1,774 shares during the period. Korea Investment CORP boosted its stake in Hewlett Packard Enterprise by 8.4% during the first quarter. Korea Investment CORP now owns 1,087,777 shares of the technology company's stock worth $16,784,000 after buying an additional 83,856 shares during the period. Finally, Qtron Investments LLC boosted its stake in Hewlett Packard Enterprise by 47.2% during the first quarter. Qtron Investments LLC now owns 24,752 shares of the technology company's stock worth $382,000 after buying an additional 7,935 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hewlett Packard Enterprise

In related news, 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 directly owned 42,427 shares in the company, valued at $871,450.58. The trade was a 41.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeremy Cox sold 68,590 shares of Hewlett Packard Enterprise 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,590 shares of company stock worth $2,436,000. Company insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Up 2.9%

Shares of HPE traded up $0.6410 during mid-day trading on Friday, reaching $22.4610. 18,242,237 shares of the stock traded hands, compared to its average volume of 14,960,326. The firm has a market cap of $29.47 billion, a price-to-earnings ratio of 22.69, a P/E/G ratio of 3.14 and a beta of 1.37. The stock has a fifty day simple moving average of $20.31 and a 200 day simple moving average of $18.30. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $24.66. 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 (NYSE:HPE - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.51 billion. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The business's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last 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. Sell-side analysts expect that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th were paid 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 Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 52.53%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on HPE shares. Wells Fargo & Company raised their price objective on shares of Hewlett Packard Enterprise from $20.00 to $22.00 and gave the company an "equal weight" rating in a research note on Thursday, July 3rd. Wolfe Research initiated coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Barclays increased their price objective on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. Deutsche Bank Aktiengesellschaft upped their target price 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. Finally, Evercore ISI upped their target price on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of "Moderate Buy" and a consensus target price of $23.27.

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.