Candriam S.C.A. Acquires 6,366 Shares of Hewlett Packard Enterprise Company $HPE

Candriam S.C.A. increased its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 7.2% in the second quarter, Holdings Channel reports. The institutional investor owned 94,500 shares of the technology company’s stock after buying an additional 6,366 shares during the period. Candriam S.C.A.’s holdings in Hewlett Packard Enterprise were worth $1,933,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HPE. CVA Family Office LLC increased its stake in Hewlett Packard Enterprise by 126.7% during the 2nd quarter. CVA Family Office LLC now owns 1,437 shares of the technology company’s stock worth $29,000 after acquiring an additional 803 shares during the period. Hantz Financial Services Inc. grew its holdings in shares of Hewlett Packard Enterprise by 74.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,611 shares of the technology company’s stock worth $33,000 after purchasing an additional 687 shares in the last quarter. Hilltop National Bank bought a new position in shares of Hewlett Packard Enterprise in the second quarter worth $35,000. Zions Bancorporation National Association UT acquired a new position in Hewlett Packard Enterprise in the first quarter valued at about $27,000. Finally, SouthState Corp bought a new stake in Hewlett Packard Enterprise during the first quarter worth about $42,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Activity

In related news, EVP Maeve C. Culloty sold 3,738 shares of the business’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total value of $93,898.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Antonio F. Neri sold 166,666 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $22.52, for a total value of $3,753,318.32. Following the completion of the sale, the chief executive officer owned 1,919,060 shares of the company’s stock, valued at $43,217,231.20. The trade was a 7.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 543,738 shares of company stock valued at $12,922,932. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $22.82 on Monday. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. The stock has a market cap of $30.10 billion, a PE ratio of 27.82, a PEG ratio of 1.28 and a beta of 1.43. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $26.44. The business has a 50-day simple moving average of $24.19 and a two-hundred day simple moving average of $21.23.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share 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 firm had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.77 billion. During the same quarter last year, the firm posted $0.50 earnings per share. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. 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 firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 18th were given a $0.13 dividend. 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 63.41%.

Analyst Ratings Changes

Several equities analysts have recently commented on HPE shares. Evercore ISI boosted 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 report on Wednesday, August 6th. Piper Sandler began coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 22nd. They set a “neutral” rating and a $24.00 price objective for the company. Wells Fargo & Company upped their target price on Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 4th. Zacks Research downgraded Hewlett Packard Enterprise from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently 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.