Stoneridge Investment Partners LLC Sells 96,480 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• Stoneridge Investment Partners LLC reduced its stake in Hewlett Packard Enterprise by 65.9%, selling 96,480 shares and retaining 49,967 shares valued at approximately $771,000.
• Hewlett Packard Enterprise reported earnings of $0.38 per share, surpassing consensus estimates, with revenue at $7.63 billion, a 5.9% increase year-over-year.
• The company announced a quarterly dividend of $0.13 per share, yielding approximately 2.4%, with a dividend payout ratio of 52.53%.

Stoneridge Investment Partners LLC lessened its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 65.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,967 shares of the technology company's stock after selling 96,480 shares during the quarter. Stoneridge Investment Partners LLC's holdings in Hewlett Packard Enterprise were worth $771,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Hewlett Packard Enterprise by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 167,199,996 shares of the technology company's stock worth $2,579,896,000 after buying an additional 2,779,446 shares in the last quarter. Northern Trust Corp boosted its position in Hewlett Packard Enterprise by 3.4% in the 1st quarter. Northern Trust Corp now owns 16,730,015 shares of the technology company's stock valued at $258,144,000 after buying an additional 545,775 shares during the last quarter. National Bank of Canada FI boosted its position in shares of Hewlett Packard Enterprise by 1,369.1% in 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. Slate Path Capital LP boosted its position in shares of Hewlett Packard Enterprise by 44.8% in the 4th quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company's stock worth $270,914,000 after purchasing an additional 3,924,039 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in Hewlett Packard Enterprise by 1.6% during the 1st quarter. Deutsche Bank AG now owns 10,249,122 shares of the technology company's stock worth $158,144,000 after buying an additional 165,316 shares during the period. Institutional investors and hedge funds own 80.78% of the company's stock.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 68,590 shares of the business'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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Phil Mottram sold 30,000 shares of the business's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $20.54, for a total transaction of $616,200.00. Following the sale, the executive vice president directly owned 42,427 shares in the company, valued at approximately $871,450.58. The trade was a 41.42% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,590 shares of company stock valued at $2,436,000. Company insiders own 0.36% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HPE. Barclays raised their price objective on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an "overweight" rating in a research note on Thursday, July 3rd. Wolfe Research initiated coverage on Hewlett Packard Enterprise in a research note on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Loop Capital lifted their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a research note on Monday, June 9th. KeyCorp initiated coverage on Hewlett Packard Enterprise in a research note on Thursday, June 26th. They issued a "sector weight" rating on the stock. Finally, UBS Group lifted their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "neutral" 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 currently has an average rating of "Moderate Buy" and an average target price of $23.27.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock traded up $0.6410 during midday trading on Friday, reaching $22.4610. 18,242,237 shares of the company's stock were exchanged, compared to its average volume of 14,960,326. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $24.66. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29. The firm has a market cap of $29.47 billion, a price-to-earnings ratio of 22.69, a P/E/G ratio of 3.14 and a beta of 1.37. The stock's 50-day simple moving average is $20.31 and its 200 day simple moving average is $18.30.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $7.51 billion. During the same quarter last year, the company posted $0.42 earnings per share. Hewlett Packard Enterprise's quarterly 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, 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 company also recently disclosed 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. This represents a $0.52 annualized dividend and a yield of 2.3%. The ex-dividend date was Wednesday, June 18th. Hewlett Packard Enterprise's payout ratio is currently 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.