Nordea Investment Management AB Has $166.03 Million Holdings in Hewlett Packard Enterprise Company $HPE

Key Points

• Nordea Investment Management AB increased its stake in Hewlett Packard Enterprise by 2.1%, resulting in ownership of 7,945,771 shares valued at approximately $166 million.
• Hewlett Packard Enterprise reported a 19.8% year-over-year revenue growth with quarterly revenue of $9.14 billion, but earnings per share missed analyst estimates by $0.09.
• The company declared a quarterly dividend of $0.13 per share, contributing to an annualized yield of 2.3% with a current dividend payout ratio of 63.41%.

Nordea Investment Management AB increased its stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 2.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,945,771 shares of the technology company's stock after purchasing an additional 162,903 shares during the period. Nordea Investment Management AB owned approximately 0.61% of Hewlett Packard Enterprise worth $166,027,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management acquired a new position in Hewlett Packard Enterprise in the 1st quarter worth $25,000. Hilltop National Bank acquired a new position in Hewlett Packard Enterprise in the 2nd quarter worth $35,000. Zions Bancorporation National Association UT acquired a new position in Hewlett Packard Enterprise in the 1st quarter worth $27,000. MorganRosel Wealth Management LLC acquired a new position in Hewlett Packard Enterprise in the 1st quarter worth $31,000. Finally, Transce3nd LLC boosted its stake in Hewlett Packard Enterprise by 2,937.2% in the 1st quarter. Transce3nd LLC now owns 2,369 shares of the technology company's stock worth $37,000 after purchasing an additional 2,291 shares during the period. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $23.01 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $30.36 billion, a price-to-earnings ratio of 28.06, a P/E/G ratio of 1.67 and a beta of 1.45. The firm's 50 day simple moving average is $23.61 and its 200 day simple moving average is $19.87. Hewlett Packard Enterprise Company has a 1 year low of $11.97 and a 1 year high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.09). The company had revenue of $9.14 billion during the quarter, compared to analyst estimates of $8.77 billion. Hewlett Packard Enterprise had a net margin of 3.77% and a return on equity of 9.01%. The business's quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.50 EPS. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. As a group, research analysts expect 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 declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 18th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Thursday, September 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 63.41%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group increased their price objective on shares of Hewlett Packard Enterprise from $27.00 to $31.00 and gave the stock a "neutral" rating in a research note on Thursday. Bank of America increased their price objective on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Tuesday, September 2nd. JPMorgan Chase & Co. assumed coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, July 17th. They set an "overweight" rating and a $30.00 price objective for the company. Zacks Research downgraded shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. Finally, Wells Fargo & Company increased their price objective on shares of Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $25.50.

Insiders Place Their Bets

In other news, Director Gary M. Reiner sold 40,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $24.58, for a total transaction of $983,200.00. Following the completion of the transaction, the director directly owned 83,869 shares in the company, valued at $2,061,500.02. This trade represents a 32.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Antonio F. Neri sold 166,666 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $25.03, for a total transaction of $4,171,649.98. Following the transaction, the chief executive officer owned 1,585,726 shares of the company's stock, valued at $39,690,721.78. This represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 543,738 shares of company stock worth $12,922,932. 0.36% of the stock is currently owned by company insiders.

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.

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