Intech Investment Management LLC Sells 1,074,202 Shares of Hewlett Packard Enterprise Company $HPE

Intech Investment Management LLC lessened its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 88.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 137,572 shares of the technology company’s stock after selling 1,074,202 shares during the quarter. Intech Investment Management LLC’s holdings in Hewlett Packard Enterprise were worth $2,813,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Kingsview Wealth Management LLC bought a new position in Hewlett Packard Enterprise during the first quarter worth about $214,000. Private Advisor Group LLC raised its holdings in shares of Hewlett Packard Enterprise by 20.0% in the 1st quarter. Private Advisor Group LLC now owns 70,450 shares of the technology company’s stock worth $1,087,000 after buying an additional 11,749 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in Hewlett Packard Enterprise by 6.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 40,760 shares of the technology company’s stock valued at $629,000 after buying an additional 2,352 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in Hewlett Packard Enterprise by 4.3% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 100,306 shares of the technology company’s stock valued at $1,547,000 after buying an additional 4,101 shares in the last quarter. Finally, Lindbrook Capital LLC grew its position in Hewlett Packard Enterprise by 42.4% in the first quarter. Lindbrook Capital LLC now owns 13,831 shares of the technology company’s stock valued at $213,000 after acquiring an additional 4,121 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Maeve C. Culloty sold 3,738 shares of the firm’s 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. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Antonio F. Neri sold 166,666 shares of Hewlett Packard Enterprise stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $22.52, for a total transaction of $3,753,318.32. Following the sale, the chief executive officer directly owned 1,919,060 shares of the company’s stock, valued at $43,217,231.20. This represents a 7.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 543,738 shares of company stock worth $12,922,932 over the last ninety days. Company insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Down 1.4%

NYSE HPE opened at $20.61 on Thursday. The stock has a market capitalization of $27.19 billion, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 0.81 and a beta of 1.43. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $26.44. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. The stock has a fifty day moving average of $24.01 and a 200-day moving average of $21.28.

Hewlett Packard Enterprise (NYSE:HPE) last posted 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). The firm 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 was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. On average, equities research analysts forecast that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 18th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, September 18th. Hewlett Packard Enterprise’s payout ratio is 63.41%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HPE. Barclays boosted their target price on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Evercore ISI boosted their price target 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. Bank of America raised their price objective on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Susquehanna lifted their target price on shares of Hewlett Packard Enterprise from $16.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, September 4th. Finally, Sanford C. Bernstein assumed coverage on Hewlett Packard Enterprise in a research report on Tuesday, September 16th. They set a “market perform” rating and a $24.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $25.24.

Hewlett Packard Enterprise Company 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.