Oliver Luxxe Assets LLC Sells 221,448 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• Oliver Luxxe Assets LLC drastically reduced its position in Hewlett Packard Enterprise, lowering its holdings by 95.5% and now owning 10,314 shares valued at approximately $159,000.
• Several other institutional investors have increased their stakes in Hewlett Packard Enterprise, with Colonial Trust Co SC raising its position by 16.4% and now owning 4,420 shares valued at $94,000.
• Wall Street analysts have generally positive outlooks for HPE, with firms like Morgan Stanley and Barclays upgrading their ratings and increasing price targets, suggesting a consensus target price of approximately $23.27.

Oliver Luxxe Assets LLC trimmed its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 95.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,314 shares of the technology company's stock after selling 221,448 shares during the period. Oliver Luxxe Assets LLC's holdings in Hewlett Packard Enterprise were worth $159,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC increased its stake in shares of Hewlett Packard Enterprise by 21.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 30,125 shares of the technology company's stock valued at $476,000 after buying an additional 5,380 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Hewlett Packard Enterprise by 5.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 27,905 shares of the technology company's stock valued at $431,000 after buying an additional 1,333 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Hewlett Packard Enterprise by 1.2% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 251,546 shares of the technology company's stock valued at $3,881,000 after buying an additional 2,900 shares during the period. Kestra Advisory Services LLC increased its stake in shares of Hewlett Packard Enterprise by 1.1% in the 1st quarter. Kestra Advisory Services LLC now owns 126,393 shares of the technology company's stock valued at $1,950,000 after buying an additional 1,395 shares during the period. Finally, 1832 Asset Management L.P. increased its stake in shares of Hewlett Packard Enterprise by 27.9% in the 1st quarter. 1832 Asset Management L.P. now owns 134,138 shares of the technology company's stock valued at $2,070,000 after buying an additional 29,267 shares during the period. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Down 2.4%

Shares of Hewlett Packard Enterprise stock traded down $0.57 during trading on Friday, reaching $22.60. The stock had a trading volume of 13,147,792 shares, compared to its average volume of 18,760,717. The company has a market capitalization of $29.65 billion, a price-to-earnings ratio of 22.82, a P/E/G ratio of 3.31 and a beta of 1.37. The stock has a fifty day moving average price of $20.69 and a two-hundred day moving average price of $18.34. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $24.66. 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 (NYSE:HPE - Get Free Report) last released its earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.05. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%.The business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. Hewlett Packard Enterprise's revenue 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. Sell-side analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th were paid a dividend of $0.13 per share. The ex-dividend date was Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.3%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 52.53%.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 68,590 shares of the stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Antonio F. Neri sold 166,666 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $22.52, for a total value of $3,753,318.32. Following the sale, the chief executive officer directly owned 1,919,060 shares in the company, valued at $43,217,231.20. This represents a 7.99% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 295,256 shares of company stock worth $6,189,318. Company insiders own 0.36% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Citigroup assumed coverage on Hewlett Packard Enterprise in a research note on Friday, July 25th. They issued a "buy" rating and a $25.00 target price for the company. Bank of America lifted their price objective on Hewlett Packard Enterprise from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Evercore ISI lifted their price objective on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Finally, Raymond James Financial lifted their price objective on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, June 4th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $23.27.

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.