Northern Trust Corp Has $258.14 Million Stock Holdings in Hewlett Packard Enterprise Company $HPE

Key Points

• Northern Trust Corp increased its shares in Hewlett Packard Enterprise Company (NYSE:HPE) by 3.4%, owning a total of 16,730,015 shares valued at $258.14 million following a purchase of 545,775 additional shares.
• Insider transactions revealed that EVP Phil Mottram sold 30,000 shares at an average price of $20.54, highlighting a 41.42% decrease in their position.
• Hewlett Packard Enterprise reported better-than-expected quarterly earnings with $7.63 billion in revenue and $0.38 earnings per share, surpassing analysts' predictions.

Northern Trust Corp increased its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,730,015 shares of the technology company's stock after buying an additional 545,775 shares during the period. Northern Trust Corp owned 1.27% of Hewlett Packard Enterprise worth $258,144,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Putney Financial Group LLC bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth about $25,000. Alpine Bank Wealth Management acquired a new stake in shares of Hewlett Packard Enterprise in the first quarter valued at approximately $25,000. Bruce G. Allen Investments LLC raised its position in Hewlett Packard Enterprise by 345.0% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock worth $26,000 after purchasing an additional 1,318 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in Hewlett Packard Enterprise in the 1st quarter worth approximately $27,000. Finally, Hara Capital LLC acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth $28,000. Institutional investors own 80.78% of the company's stock.

Insider Buying and Selling

In other news, EVP Phil Mottram sold 30,000 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $20.54, for a total value of $616,200.00. Following the completion of the sale, the executive vice president owned 42,427 shares of the company's stock, valued at approximately $871,450.58. This represents a 41.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jeremy Cox sold 68,590 shares of the business's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $18.44, for a total transaction of $1,264,799.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 128,590 shares of company stock worth $2,436,000. Company insiders own 0.36% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wall Street Zen raised Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. JPMorgan Chase & Co. began coverage on Hewlett Packard Enterprise in a report on Thursday, July 17th. They issued an "overweight" rating and a $30.00 price target on the stock. Bank of America boosted their price objective on Hewlett Packard Enterprise from $23.00 to $24.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Wolfe Research began coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They set a "peer perform" rating on the stock. Finally, Barclays lifted their price target on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an "overweight" rating in a research report on Thursday, July 3rd. 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 data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.87.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $21.0550 on Thursday. The firm has a market capitalization of $27.63 billion, a P/E ratio of 21.27, a PEG ratio of 3.07 and a beta of 1.37. The business has a 50-day moving average of $20.14 and a 200-day moving average of $18.28. The company has a current ratio of 1.29, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. Hewlett Packard Enterprise Company has a 1 year low of $11.97 and a 1 year 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, beating analysts' consensus estimates 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 firm had revenue of $7.63 billion during the quarter, compared to analysts' expectations of $7.51 billion. During the same quarter in the previous year, the company earned $0.42 earnings per share. The business's revenue for the quarter was up 5.9% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.780-1.900 EPS. Q3 2025 guidance at 0.400-0.450 EPS. On average, equities analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.13 per share. 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 payout ratio is 52.53%.

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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