Hsbc Holdings PLC Decreases Stock Holdings in Hewlett Packard Enterprise Company $HPE

Key Points

• Hsbc Holdings PLC has reduced its stake in Hewlett Packard Enterprise by 10.9%, now holding about 7.84 million shares worth $121 million as of the latest reporting period.
• Hewlett Packard Enterprise's most recent earnings showed an EPS of $0.38, exceeding expectations and reflecting a 5.9% increase in revenue year-over-year.
• Analysts have set a target price range for HPE with updates from several firms, highlighting a potential upside with price targets reaching as high as $26.

Hsbc Holdings PLC reduced its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 10.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,843,775 shares of the technology company's stock after selling 957,090 shares during the period. Hsbc Holdings PLC owned about 0.60% of Hewlett Packard Enterprise worth $121,033,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HPE. National Bank of Canada FI lifted its position in shares of Hewlett Packard Enterprise by 1,369.1% during the 1st quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company's stock worth $251,192,000 after purchasing an additional 15,171,314 shares during the last quarter. Slate Path Capital LP lifted its position in shares of Hewlett Packard Enterprise by 44.8% during the 4th quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company's stock worth $270,914,000 after purchasing an additional 3,924,039 shares during the last quarter. Northern Trust Corp lifted its position in shares of Hewlett Packard Enterprise by 24.7% during the 4th quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company's stock worth $345,534,000 after purchasing an additional 3,208,424 shares during the last quarter. Worldquant Millennium Advisors LLC lifted its position in Hewlett Packard Enterprise by 1,382.5% in the fourth quarter. Worldquant Millennium Advisors LLC now owns 3,299,615 shares of the technology company's stock valued at $70,447,000 after acquiring an additional 3,077,046 shares during the last quarter. Finally, Freestone Grove Partners LP purchased a new stake in Hewlett Packard Enterprise in the fourth quarter valued at $60,040,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Down 1.4%

Shares of NYSE HPE opened at $21.3280 on Wednesday. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $24.66. The company has a market capitalization of $27.99 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 3.12 and a beta of 1.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96. The firm's 50-day moving average is $20.08 and its two-hundred day moving average is $18.26.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings results 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. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The company had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.51 billion. During the same quarter in the prior year, the firm earned $0.42 earnings per share. The company's revenue for the quarter was up 5.9% compared to the same quarter last year. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.780-1.900 EPS. Q3 2025 guidance at 0.400-0.450 EPS. Equities analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio is 52.53%.

Analyst Upgrades and Downgrades

HPE has been the subject of a number of research reports. Wells Fargo & Company boosted their price target on shares of Hewlett Packard Enterprise from $20.00 to $22.00 and gave the company an "equal weight" rating in a research report on Thursday, July 3rd. Citigroup initiated coverage on shares of Hewlett Packard Enterprise in a research report on Friday, July 25th. They issued a "buy" rating and a $25.00 price target for the company. Bank of America boosted their price target on shares of Hewlett Packard Enterprise from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Friday, July 11th. KeyCorp assumed coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, June 26th. They issued a "sector weight" rating for the company. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $22.87.

Insider Activity

In related news, 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 transaction of $1,264,799.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Phil Mottram sold 30,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $20.54, for a total transaction of $616,200.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 128,590 shares of company stock worth $2,436,000 in the last ninety days. Insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Company 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.

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