Dimensional Fund Advisors LP Cuts Stock Position in Hewlett Packard Enterprise Company $HPE

Key Points

• Dimensional Fund Advisors LP reduced its stake in Hewlett Packard Enterprise by 2.6%, holding approximately 17.3 million shares valued at $267.4 million as of the latest SEC filing.
• Other institutional investors, including National Bank of Canada FI and Slate Path Capital LP, have significantly increased their positions in Hewlett Packard Enterprise, indicating strong investor interest in the company.
• Hewlett Packard Enterprise reported a quarterly revenue of $7.63 billion, exceeding analysts' expectations, alongside a dividend yield of 2.5%, reflecting a solid financial performance despite insider selling activity.

Dimensional Fund Advisors LP lowered its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 2.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,329,239 shares of the technology company's stock after selling 465,952 shares during the period. Dimensional Fund Advisors LP owned about 1.32% of Hewlett Packard Enterprise worth $267,407,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Forum Financial Management LP boosted its holdings in Hewlett Packard Enterprise by 2.2% during the fourth quarter. Forum Financial Management LP now owns 23,639 shares of the technology company's stock worth $505,000 after buying an additional 515 shares in the last quarter. Colonial Trust Co SC boosted its holdings in Hewlett Packard Enterprise by 16.4% during the fourth quarter. Colonial Trust Co SC now owns 4,420 shares of the technology company's stock worth $94,000 after buying an additional 622 shares in the last quarter. Lido Advisors LLC boosted its holdings in Hewlett Packard Enterprise by 1.0% during the fourth quarter. Lido Advisors LLC now owns 71,024 shares of the technology company's stock worth $1,526,000 after buying an additional 691 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Hewlett Packard Enterprise by 2.3% in the first quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company's stock valued at $492,000 after purchasing an additional 699 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of Hewlett Packard Enterprise by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 70,600 shares of the technology company's stock valued at $1,089,000 after purchasing an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HPE. Barclays upped their price target on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Raymond James Financial upped their price target on shares of Hewlett Packard Enterprise from $23.00 to $26.00 and gave the company a "strong-buy" rating in a report on Wednesday, June 4th. Citigroup assumed coverage on shares of Hewlett Packard Enterprise in a report on Friday, July 25th. They issued a "buy" rating and a $25.00 price target on the stock. Bank of America lifted their price objective on Hewlett Packard Enterprise from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, Morgan Stanley upgraded Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $22.00 to $28.00 in a research report on Thursday. Two investment 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $23.27.

Hewlett Packard Enterprise Trading Up 2.9%

Shares of HPE traded up $0.6410 on Friday, hitting $22.4610. 18,242,237 shares of the stock traded hands, compared to its average volume of 14,960,326. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $29.47 billion, a P/E ratio of 22.69, a P/E/G ratio of 3.14 and a beta of 1.37. The stock's 50 day moving average is $20.31 and its two-hundred day moving average is $18.30. 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 announced its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (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 the consensus estimate of $7.51 billion. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The company's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter 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. As a group, sell-side analysts predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Wednesday, June 18th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.3%. Hewlett Packard Enterprise's dividend payout ratio is presently 52.53%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, EVP Phil Mottram sold 30,000 shares of Hewlett Packard Enterprise 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 transaction, the executive vice president owned 42,427 shares in the company, valued at $871,450.58. This trade represents a 41.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeremy Cox sold 68,590 shares of the company'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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 128,590 shares of company stock worth $2,436,000. 0.36% of the stock is currently owned by insiders.

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.