Lbp Am Sa Sells 396,824 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• Lbp Am Sa decreased its holdings in Hewlett Packard Enterprise by 77.1% during Q2, selling 396,824 shares and reducing its ownership to 117,848 shares, worth $2.41 million.
• The company announced a quarterly dividend of $0.13 per share, with an annualized dividend yield of 2.1%, scheduled for payment on October 17, 2023.
• Various analysts have recently upgraded their price targets for HPE, with Bank of America raising its target from $24.00 to $25.00, indicating a positive outlook for the stock.

Lbp Am Sa lessened its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 77.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117,848 shares of the technology company's stock after selling 396,824 shares during the quarter. Lbp Am Sa's holdings in Hewlett Packard Enterprise were worth $2,410,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Alpine Bank Wealth Management purchased a new position in shares of Hewlett Packard Enterprise during the 1st quarter valued at about $25,000. Bruce G. Allen Investments LLC raised its holdings in shares of Hewlett Packard Enterprise by 345.0% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock valued at $26,000 after buying an additional 1,318 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Hewlett Packard Enterprise during the 1st quarter valued at about $27,000. MorganRosel Wealth Management LLC purchased a new position in shares of Hewlett Packard Enterprise during the 1st quarter valued at about $31,000. Finally, Financial Freedom LLC raised its holdings in shares of Hewlett Packard Enterprise by 76.7% during the 1st quarter. Financial Freedom LLC now owns 2,197 shares of the technology company's stock valued at $34,000 after buying an additional 954 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Price Performance

HPE opened at $24.49 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $25.36. The stock has a market capitalization of $32.32 billion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 2.60 and a beta of 1.45. The stock's 50 day moving average price is $22.68 and its 200-day moving average price is $19.22.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.1%. Hewlett Packard Enterprise's payout ratio is 63.41%.

Insider Activity

In other news, Director Gary M. Reiner sold 40,000 shares of the business's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $24.58, for a total transaction of $983,200.00. Following the transaction, the director directly owned 83,869 shares of the company's stock, valued at approximately $2,061,500.02. The trade was a 32.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Antonio F. Neri sold 166,666 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $22.52, for a total value of $3,753,318.32. Following the transaction, the chief executive officer directly owned 1,919,060 shares in the company, valued at $43,217,231.20. This trade represents a 7.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 543,738 shares of company stock valued at $12,922,932. Company insiders own 0.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HPE shares. KeyCorp started coverage on Hewlett Packard Enterprise in a report on Thursday, June 26th. They set a "sector weight" rating on the stock. UBS Group raised their price objective on Hewlett Packard Enterprise from $18.00 to $23.00 and gave the company a "neutral" rating in a report on Thursday, September 4th. Bank of America lifted their price target on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Tuesday, September 2nd. Wolfe Research started coverage on Hewlett Packard Enterprise in a research note on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Finally, Susquehanna lifted their price target on Hewlett Packard Enterprise from $16.00 to $21.00 and gave the stock a "neutral" rating in a research note on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of "Moderate Buy" and a consensus price target of $24.94.

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.

Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise Company (NYSE:HPE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.