Rafferty Asset Management LLC Sells 86,205 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• Rafferty Asset Management LLC sold 86,205 shares of Hewlett Packard Enterprise, reducing its stake by 19.1% to 365,465 shares, valued at approximately $5.64 million.
• Hewlett Packard Enterprise reported a quarterly earnings EPS of $0.38, surpassing analysts' expectations of $0.33, while revenue increased by 5.9% year-over-year, totaling $7.63 billion.
• The company announced a quarterly dividend of $0.13 per share, with a current yield of 2.2% and a payout ratio of 52.53%.

Rafferty Asset Management LLC reduced its holdings in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 19.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 365,465 shares of the technology company's stock after selling 86,205 shares during the quarter. Rafferty Asset Management LLC's holdings in Hewlett Packard Enterprise were worth $5,639,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. National Bank of Canada FI raised its position in Hewlett Packard Enterprise by 1,369.1% during the 1st quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company's stock worth $251,192,000 after purchasing an additional 15,171,314 shares during the last quarter. Northern Trust Corp increased its stake in shares of Hewlett Packard Enterprise by 24.7% in the fourth quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company's stock valued at $345,534,000 after buying an additional 3,208,424 shares during the period. Worldquant Millennium Advisors LLC raised its position in shares of Hewlett Packard Enterprise by 1,382.5% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 3,299,615 shares of the technology company's stock worth $70,447,000 after acquiring an additional 3,077,046 shares during the last quarter. Freestone Grove Partners LP acquired a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth approximately $60,040,000. Finally, Vanguard Group Inc. lifted its stake in shares of Hewlett Packard Enterprise by 1.7% in the first quarter. Vanguard Group Inc. now owns 167,199,996 shares of the technology company's stock worth $2,579,896,000 after acquiring an additional 2,779,446 shares during the period. Institutional investors and hedge funds own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Down 2.4%

HPE traded down $0.57 during midday trading on Monday, hitting $22.60. The company had a trading volume of 19,959,663 shares, compared to its average volume of 16,573,066. The stock's 50 day moving average price is $20.79 and its 200 day moving average price is $18.31. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $24.66. The company has a market capitalization of $29.65 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 3.28 and a beta of 1.43. 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 (NYSE:HPE - Get Free Report) last released 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. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The company had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.51 billion. During the same quarter in the prior year, the firm earned $0.42 EPS. The business'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. On average, research analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

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

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 166,666 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $22.52, for a total transaction of $3,753,318.32. Following the transaction, the chief executive officer owned 1,919,060 shares in the company, valued at approximately $43,217,231.20. This represents a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Jeremy Cox sold 68,590 shares of the firm's stock in a transaction on Friday, June 27th. The shares were 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. Insiders have sold 378,590 shares of company stock valued at $8,106,833 over the last ninety days. 0.36% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wells Fargo & Company increased their target price on shares of Hewlett Packard Enterprise from $20.00 to $22.00 and gave the company an "equal weight" rating in a research report on Thursday, July 3rd. Bank of America lifted their target price on shares of Hewlett Packard Enterprise from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. JPMorgan Chase & Co. started coverage on shares of Hewlett Packard Enterprise in a report on Thursday, July 17th. They issued an "overweight" rating and a $30.00 target price on the stock. Raymond James Financial increased 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. Finally, Citigroup began coverage on Hewlett Packard Enterprise in a research note on Friday, July 25th. They issued a "buy" rating and a $25.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Hewlett Packard Enterprise currently has a consensus 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.