TD Asset Management Inc Sells 272,715 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• TD Asset Management Inc reduced its stake in Hewlett Packard Enterprise by 17.3%, selling 272,715 shares and retaining 1,305,875 shares valued at approximately $26.7 million.
• Recent insider trading saw Director Gary M. Reiner sell 40,000 shares for nearly $983,200, while overall insider sales for the last quarter totaled $12.9 million.
• Hewlett Packard Enterprise reported Q3 earnings of $0.35 per share, which was below analysts’ expectations, even as its revenue grew 19.8% year-over-year to $9.14 billion.

TD Asset Management Inc reduced its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 17.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,305,875 shares of the technology company's stock after selling 272,715 shares during the period. TD Asset Management Inc owned 0.10% of Hewlett Packard Enterprise worth $26,705,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Alpine Bank Wealth Management purchased a new stake in shares of Hewlett Packard Enterprise during the 1st quarter worth approximately $25,000. Zions Bancorporation National Association UT purchased a new stake in Hewlett Packard Enterprise during the first quarter valued at $27,000. MorganRosel Wealth Management LLC bought a new position in Hewlett Packard Enterprise during the first quarter valued at $31,000. Hilltop National Bank bought a new position in Hewlett Packard Enterprise during the second quarter valued at $35,000. Finally, Transce3nd LLC grew its stake in shares of 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 buying an additional 2,291 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 40,000 shares of the business's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $24.58, for a total value of $983,200.00. Following the completion of the sale, the director owned 83,869 shares in the company, valued at approximately $2,061,500.02. The trade was a 32.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maeve C. Culloty sold 3,738 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total transaction of $93,898.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 543,738 shares of company stock valued at $12,922,932. Company insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Price Performance

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

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.09). The firm had revenue of $9.14 billion during the quarter, compared to analysts' expectations of $8.77 billion. Hewlett Packard Enterprise had a net margin of 3.77% and a return on equity of 9.01%. The firm's revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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, equities analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 18th were issued 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 Thursday, September 18th. Hewlett Packard Enterprise's dividend payout ratio is presently 63.41%.

Analyst Ratings Changes

A number of brokerages recently commented on HPE. Citigroup increased their price target on shares of Hewlett Packard Enterprise from $26.00 to $28.00 and gave the company a "buy" rating in a report on Monday, October 6th. KeyCorp initiated coverage on Hewlett Packard Enterprise in a research report on Thursday, June 26th. They set a "sector weight" rating on the stock. Morgan Stanley upgraded Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $22.00 to $28.00 in a research report on Thursday, August 21st. UBS Group boosted their price objective on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Raymond James Financial lifted their price target on shares of Hewlett Packard Enterprise from $29.00 to $30.00 and gave the stock a "strong-buy" rating in a research note on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $25.50.

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.

Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise Company (NYSE:HPE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.