DekaBank Deutsche Girozentrale Purchases 26,395 Shares of Hewlett Packard Enterprise Company $HPE

DekaBank Deutsche Girozentrale raised its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 2.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,032,693 shares of the technology company’s stock after buying an additional 26,395 shares during the period. DekaBank Deutsche Girozentrale owned about 0.08% of Hewlett Packard Enterprise worth $21,918,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of HPE. Sentry Investment Management LLC acquired a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at $80,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Hewlett Packard Enterprise during the 2nd quarter worth $2,419,000. Chevy Chase Trust Holdings LLC raised its stake in Hewlett Packard Enterprise by 0.7% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 696,075 shares of the technology company’s stock worth $14,235,000 after buying an additional 5,002 shares during the period. Nordea Investment Management AB raised its stake in Hewlett Packard Enterprise by 2.1% during the 2nd quarter. Nordea Investment Management AB now owns 7,945,771 shares of the technology company’s stock worth $166,027,000 after buying an additional 162,903 shares during the period. Finally, Werba Rubin Papier Wealth Management raised its stake in Hewlett Packard Enterprise by 8.3% during the 2nd quarter. Werba Rubin Papier Wealth Management now owns 23,950 shares of the technology company’s stock worth $490,000 after buying an additional 1,842 shares during the period. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Stock Performance

HPE opened at $23.10 on Thursday. The business’s 50-day moving average price is $23.72 and its two-hundred day moving average price is $20.05. Hewlett Packard Enterprise Company has a 1 year low of $11.97 and a 1 year high of $26.44. The company has a market capitalization of $30.47 billion, a price-to-earnings ratio of 28.16, a P/E/G ratio of 1.73 and a beta of 1.45. 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) last released its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.09). Hewlett Packard Enterprise had a net margin of 3.77% and a return on equity of 9.01%. The firm had revenue of $9.14 billion during the quarter, compared to analyst estimates of $8.77 billion. During the same period in the prior year, the business earned $0.50 EPS. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. Equities analysts expect that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 18th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.3%. Hewlett Packard Enterprise’s payout ratio is currently 63.41%.

Analyst Ratings Changes

Several analysts recently commented on the company. Bank of America raised their price objective on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. Raymond James Financial raised their price objective on 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. Wolfe Research assumed coverage on Hewlett Packard Enterprise in a research note on Tuesday, July 8th. They set a “peer perform” rating on the stock. Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $22.00 to $28.00 in a research note on Thursday, August 21st. Finally, Susquehanna raised their price objective on Hewlett Packard Enterprise from $16.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $25.41.

Insider Activity at Hewlett Packard Enterprise

In related news, Director Gary M. Reiner sold 40,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $24.58, for a total value of $983,200.00. Following the sale, the director owned 83,869 shares of the company’s stock, valued at approximately $2,061,500.02. The trade was a 32.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Antonio F. Neri sold 166,666 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $25.03, for a total value of $4,171,649.98. Following the completion of the sale, the chief executive officer directly owned 1,585,726 shares in the company, valued at approximately $39,690,721.78. This represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 543,738 shares of company stock valued at $12,922,932. 0.36% of the stock is owned by insiders.

About Hewlett Packard Enterprise

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.