Marathon Trading Investment Management LLC Invests $262,000 in Hewlett Packard Enterprise Company $HPE

Key Points

• Marathon Trading Investment Management LLC acquired 17,000 shares of Hewlett Packard Enterprise, valued at approximately $262,000, during the first quarter.
• Hewlett Packard Enterprise's recent earnings showed a beat on EPS estimates, reporting $0.38 compared to analysts' expectations of $0.33, with a revenue increase of 5.9% year-over-year.
• The company announced a quarterly dividend of $0.13 per share, with a yield of 2.4%, maintaining a payout ratio of 52.53% as of the latest announcement.

Marathon Trading Investment Management LLC bought a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,000 shares of the technology company's stock, valued at approximately $262,000.

A number of other large investors have also recently bought and sold shares of HPE. Horizon Investments LLC boosted its holdings in shares of Hewlett Packard Enterprise by 3.7% in the 1st quarter. Horizon Investments LLC now owns 35,494 shares of the technology company's stock valued at $548,000 after buying an additional 1,250 shares during the last quarter. Providence Capital Advisors LLC increased its position in shares of Hewlett Packard Enterprise by 15.4% in the first quarter. Providence Capital Advisors LLC now owns 352,900 shares of the technology company's stock worth $5,445,000 after purchasing an additional 47,000 shares during the period. KLCM Advisors Inc. grew its position in Hewlett Packard Enterprise by 3.8% in the first quarter. KLCM Advisors Inc. now owns 27,242 shares of the technology company's stock valued at $420,000 after acquiring an additional 1,000 shares during the last quarter. Kovitz Investment Group Partners LLC grew its position in Hewlett Packard Enterprise by 199.9% in the first quarter. Kovitz Investment Group Partners LLC now owns 302,149 shares of the technology company's stock valued at $4,662,000 after acquiring an additional 201,384 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Hewlett Packard Enterprise by 10.1% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 45,021 shares of the technology company's stock worth $695,000 after purchasing an additional 4,132 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Hewlett Packard Enterprise Price Performance

HPE traded down $0.3380 during trading on Wednesday, reaching $21.0020. 5,941,559 shares of the company were exchanged, compared to its average volume of 18,673,686. The company's 50-day moving average is $20.08 and its two-hundred day moving average is $18.26. The company has a market cap of $27.56 billion, a price-to-earnings ratio of 21.24, a P/E/G ratio of 3.12 and a beta of 1.37. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.05. The business had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%.The firm's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 EPS. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.780-1.900 EPS. Q3 2025 guidance at 0.400-0.450 EPS. Research analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

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. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.5%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 52.53%.

Insider Activity

In other news, EVP Phil Mottram sold 30,000 shares of the stock in a transaction dated Monday, June 30th. The stock was 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 approximately $871,450.58. This represents a 41.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeremy Cox sold 68,590 shares of the stock in a transaction dated 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 a total of 128,590 shares of company stock worth $2,436,000 over the last quarter. Corporate insiders own 0.36% of the company's stock.

Analyst Upgrades and Downgrades

HPE has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Wolfe Research started coverage on Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They set a "peer perform" rating on the stock. Bank of America upped their price target on Hewlett Packard Enterprise from $23.00 to $24.00 and gave the stock a "buy" rating in a report on Friday, July 11th. The Goldman Sachs Group started coverage on Hewlett Packard Enterprise in a report on Thursday, July 24th. They set a "neutral" rating and a $22.00 price target for the company. Finally, Raymond James Financial upped their price target on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the stock a "strong-buy" rating in a report on Wednesday, June 4th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.87.

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.