LSV Asset Management Has $259.01 Million Position in Hewlett Packard Enterprise Company $HPE

LSV Asset Management cut its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 8.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,665,341 shares of the technology company’s stock after selling 1,111,194 shares during the quarter. LSV Asset Management owned approximately 0.97% of Hewlett Packard Enterprise worth $259,006,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. CVA Family Office LLC grew its stake in Hewlett Packard Enterprise by 126.7% in the second quarter. CVA Family Office LLC now owns 1,437 shares of the technology company’s stock valued at $29,000 after purchasing an additional 803 shares in the last quarter. Hantz Financial Services Inc. lifted 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 valued at $33,000 after buying an additional 687 shares during the last quarter. Hilltop National Bank bought a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter valued at approximately $35,000. Zions Bancorporation National Association UT acquired a new position in Hewlett Packard Enterprise in the first quarter worth approximately $27,000. Finally, SouthState Corp acquired a new stake in Hewlett Packard Enterprise in the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

HPE has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Zacks Research lowered Hewlett Packard Enterprise from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Raymond James Financial boosted their price target on Hewlett Packard Enterprise from $29.00 to $30.00 and gave the stock a “strong-buy” rating in a research report on Thursday, September 4th. 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 report on Thursday, September 4th. Finally, UBS Group boosted their price objective on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $25.24.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP Maeve C. Culloty sold 3,738 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The stock was 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary M. Reiner sold 40,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, September 15th. The stock was sold at an average price of $24.58, for a total transaction of $983,200.00. Following the sale, the director owned 83,869 shares in the company, valued at $2,061,500.02. This represents a 32.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 543,738 shares of company stock worth $12,922,932. 0.36% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Trading Down 0.5%

Shares of HPE stock opened at $22.82 on Monday. The firm has a market capitalization of $30.10 billion, a P/E ratio of 27.82, a price-to-earnings-growth ratio of 1.28 and a beta of 1.43. Hewlett Packard Enterprise Company has a 1 year low of $11.97 and a 1 year high of $26.44. The firm’s fifty day simple moving average is $24.19 and its 200 day simple moving average is $21.23. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.09). The company had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $8.77 billion. Hewlett Packard Enterprise had a net margin of 3.77% and a return on equity of 9.01%. Hewlett Packard Enterprise’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same period last year, the company earned $0.50 earnings per share. 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, sell-side analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, September 18th were given a dividend of $0.13 per share. The ex-dividend date 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%.

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.