Hewlett Packard Enterprise Company $HPE Stock: CenterBook Partners LP Reduces Position

CenterBook Partners LP cut its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 66.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 19,997 shares of the technology company's stock after selling 38,910 shares during the period. CenterBook Partners LP's holdings in Hewlett Packard Enterprise were worth $1,278,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Hewlett Packard Enterprise in the 2nd quarter valued at about $1,027,139,000. Primecap Management Co. CA purchased a new stake in shares of Hewlett Packard Enterprise during the second quarter worth about $773,225,000. Elliott Investment Management L.P. increased its position in shares of Hewlett Packard Enterprise by 47.2% during the first quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company's stock worth $652,912,000 after acquiring an additional 8,790,757 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Hewlett Packard Enterprise by 6.1% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,088,774 shares of the technology company's stock worth $590,435,000 after acquiring an additional 756,972 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of Hewlett Packard Enterprise in the second quarter worth about $512,721,000. Hedge funds and other institutional investors own 80.78% of the company's stock.

Insider Activity at Hewlett Packard Enterprise

In related news, CEO Antonio Neri sold 250,000 shares of the stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $68.31, for a total transaction of $17,077,500.00. Following the sale, the chief executive officer owned 1,182,393 shares in the company, valued at $80,769,265.83. This represents a 17.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rami Rahim sold 34,443 shares of the firm's stock in a transaction dated Wednesday, October 21st. The stock was sold at an average price of $58.04, for a total transaction of $1,999,071.72. Following the completion of the transaction, the executive vice president directly owned 840,690 shares in the company, valued at $48,793,647.60. This represents a 3.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 585,899 shares of company stock valued at $37,270,329 in the last quarter. Insiders own 0.44% of the company's stock.

Hewlett Packard Enterprise Trading Up 6.3%

NYSE:HPE opened at $47.59 on Tuesday. The company has a market cap of $63.17 billion, a PE ratio of 18.08, a P/E/G ratio of 0.32 and a beta of 1.46. The business's 50 day moving average is $59.10 and its two-hundred day moving average is $41.52. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 0.65. Hewlett Packard Enterprise Company has a 52 week low of $19.84 and a 52 week high of $73.56.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.18. The business had revenue of $12.21 billion during the quarter, compared to the consensus estimate of $11.97 billion. Hewlett Packard Enterprise had a return on equity of 15.50% and a net margin of 6.60%. The business's quarterly revenue was up 33.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 EPS. Hewlett Packard Enterprise has set its Q4 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 3.750-3.850 EPS. On average, analysts predict that Hewlett Packard Enterprise Company will post 3.35 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, September 17th were issued a $0.1425 dividend. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $0.57 annualized dividend and a dividend yield of 1.2%. Hewlett Packard Enterprise's payout ratio is 29.69%.

Analyst Ratings Changes

A number of research analysts recently commented on HPE shares. Truist Financial reissued a "buy" rating and issued a $75.00 price target (up from $70.00) on shares of Hewlett Packard Enterprise in a report on Thursday, October 1st. Zacks Research raised Hewlett Packard Enterprise from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 4th. Deutsche Bank Aktiengesellschaft assumed coverage on Hewlett Packard Enterprise in a research note on Tuesday, September 1st. They set a "buy" rating and a $62.00 target price for the company. Daiwa Securities Group raised shares of Hewlett Packard Enterprise from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $65.00 to $75.00 in a research report on Friday, October 2nd. Finally, Morgan Stanley lifted their price target on shares of Hewlett Packard Enterprise from $67.00 to $72.00 and gave the stock an "overweight" rating in a research note on Thursday, October 1st. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $65.44.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise (HPE) is a global information technology company that provides products and services for businesses, governments and other organizations. Its offerings span servers and computing systems, data storage, networking, hybrid cloud, artificial intelligence and edge computing.

HPE sells systems such as HPE ProLiant servers and HPE Alletra storage, along with networking products through HPE Aruba Networking. Its HPE GreenLake platform provides cloud and IT services through a flexible, consumption-based model.

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