Fjarde AP Fonden Fourth Swedish National Pension Fund Grows Position in Hewlett Packard Enterprise Company $HPE

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 13.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 239,760 shares of the technology company’s stock after purchasing an additional 29,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Hewlett Packard Enterprise were worth $4,903,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings 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 buying an additional 2,779,446 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Hewlett Packard Enterprise by 15.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,584,742 shares of the technology company’s stock worth $271,333,000 after buying an additional 2,373,850 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Hewlett Packard Enterprise by 3.4% in the first quarter. Northern Trust Corp now owns 16,730,015 shares of the technology company’s stock worth $258,144,000 after buying an additional 545,775 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of Hewlett Packard Enterprise by 1,369.1% in the first quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company’s stock worth $251,192,000 after buying an additional 15,171,314 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Hewlett Packard Enterprise by 45.6% in the first quarter. AQR Capital Management LLC now owns 12,521,303 shares of the technology company’s stock worth $193,078,000 after buying an additional 3,922,516 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Trading Up 0.5%

Shares of HPE opened at $24.39 on Friday. The firm’s 50 day simple moving average is $24.03 and its 200 day simple moving average is $20.53. The company has a market capitalization of $32.18 billion, a P/E ratio of 29.74, a P/E/G ratio of 1.80 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 Company has a 1-year low of $11.97 and a 1-year high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.09). Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.The business had revenue of $9.14 billion for the quarter, compared to analysts’ expectations of $8.77 billion. During the same period last year, the business posted $0.50 earnings per share. The company’s revenue 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. Sell-side analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 18th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.1%. The ex-dividend date was Thursday, September 18th. Hewlett Packard Enterprise’s dividend payout ratio is presently 63.41%.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 40,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $24.58, for a total value of $983,200.00. Following the transaction, the director directly owned 83,869 shares of the company’s stock, valued at $2,061,500.02. The trade was a 32.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $93,898.56. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 543,738 shares of company stock worth $12,922,932. Company insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HPE shares. The Goldman Sachs Group boosted their target price on Hewlett Packard Enterprise from $27.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Piper Sandler began coverage on Hewlett Packard Enterprise in a research report on Wednesday, October 22nd. They set a “neutral” rating and a $24.00 target price for the company. Wells Fargo & Company raised their target price on shares of Hewlett Packard Enterprise from $22.00 to $26.00 and gave the company an “equal weight” rating in a research note on Thursday, September 4th. UBS Group raised their target price on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Finally, Evercore ISI raised their target price on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $25.41.

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.