Hewlett Packard Enterprise Company $HPE Shares Sold by Erste Asset Management GmbH

Key Points

• Erste Asset Management GmbH significantly reduced its stake in Hewlett Packard Enterprise, selling 120,465 shares, which is a decrease of 92.7%, leaving it with only 9,500 shares valued at approximately $150,000.
• Various institutional investors, including Banco Bilbao Vizcaya Argentaria and Wellington Management Group, have increased their holdings in Hewlett Packard Enterprise, with combined increases ranging from 2.1% to 47.2% during the same period.
• Analysts have maintained a generally positive outlook on Hewlett Packard Enterprise, with multiple firms, including Raymond James and Bank of America, raising target prices and assigning buy ratings, contributing to a consensus rating of "Moderate Buy."

Erste Asset Management GmbH lessened its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 92.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,500 shares of the technology company's stock after selling 120,465 shares during the quarter. Erste Asset Management GmbH's holdings in Hewlett Packard Enterprise were worth $150,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of Hewlett Packard Enterprise by 2.1% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 684,689 shares of the technology company's stock worth $10,574,000 after purchasing an additional 13,820 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Hewlett Packard Enterprise by 12.1% during the first quarter. Wellington Management Group LLP now owns 167,137 shares of the technology company's stock worth $2,579,000 after purchasing an additional 18,010 shares in the last quarter. Cornerstone Select Advisors LLC lifted its stake in shares of 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 purchasing an additional 1,774 shares in the last quarter. Korea Investment CORP lifted its stake in shares of 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 purchasing an additional 83,856 shares in the last quarter. Finally, Qtron Investments LLC increased its position in shares of 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 acquiring an additional 7,935 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Raymond James Financial lifted their target price on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, June 4th. Citigroup assumed coverage on Hewlett Packard Enterprise in a research report on Friday, July 25th. They set a "buy" rating and a $25.00 target price on the stock. Wall Street Zen raised Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. The Goldman Sachs Group assumed coverage on Hewlett Packard Enterprise in a research report on Thursday, July 24th. They set a "neutral" rating and a $22.00 target price on the stock. Finally, Bank of America lifted their target price 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. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $23.27.

Insider Activity at Hewlett Packard Enterprise

In other news, EVP Phil Mottram sold 30,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $20.54, for a total transaction of $616,200.00. Following the completion of the transaction, the executive vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeremy Cox sold 68,590 shares of the company's stock in a transaction that occurred on Friday, June 27th. The shares were 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. Insiders have sold 128,590 shares of company stock valued at $2,436,000 over the last ninety days. Corporate insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Up 2.9%

Shares of Hewlett Packard Enterprise stock opened at $22.4610 on Friday. 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 cap 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. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $24.66. The business has a 50-day moving average price of $20.31 and a 200 day moving average price of $18.30.

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 for the quarter, beating the consensus estimate of $0.33 by $0.05. The firm had revenue of $7.63 billion during 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 period in the previous year, the company earned $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, sell-side analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share 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. Stockholders of record on Wednesday, June 18th were issued 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 52.53%.

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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