Allianz Asset Management GmbH Decreases Stock Holdings in Hewlett Packard Enterprise Company $HPE

Allianz Asset Management GmbH trimmed its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 12.8% in the 2nd quarter, Holdings Channel reports. The firm owned 4,949,330 shares of the technology company’s stock after selling 728,198 shares during the period. Allianz Asset Management GmbH’s holdings in Hewlett Packard Enterprise were worth $101,214,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Alpine Bank Wealth Management purchased a new position in shares of Hewlett Packard Enterprise during the first quarter valued at approximately $25,000. Hilltop National Bank purchased a new position in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $35,000. Zions Bancorporation National Association UT bought a new stake in Hewlett Packard Enterprise during the first quarter valued at approximately $27,000. MorganRosel Wealth Management LLC bought a new stake in Hewlett Packard Enterprise during the first quarter valued at approximately $31,000. Finally, Transce3nd LLC grew its position in Hewlett Packard Enterprise by 2,937.2% during the first quarter. Transce3nd LLC now owns 2,369 shares of the technology company’s stock valued at $37,000 after buying an additional 2,291 shares during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on HPE. Bank of America boosted their target price on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft increased their price objective 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 cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Sanford C. Bernstein initiated coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, September 16th. They issued a “market perform” rating and a $24.00 price objective for the company. Finally, Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $22.00 to $28.00 in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Hold” and an average price target of $25.50.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $22.55 on Friday. 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 firm has a fifty day moving average price of $23.56 and a 200 day moving average price of $19.82. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $26.44. The firm has a market cap of $29.75 billion, a price-to-earnings ratio of 27.50, a P/E/G ratio of 1.86 and a beta of 1.45.

Hewlett Packard Enterprise (NYSE:HPE) last issued its 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). Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.The company had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.77 billion. During the same quarter in the prior year, the company posted $0.50 EPS. Hewlett Packard Enterprise’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. As a group, sell-side analysts expect that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, September 18th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.3%. Hewlett Packard Enterprise’s dividend payout ratio is presently 63.41%.

Insider Activity at Hewlett Packard Enterprise

In related news, CEO Antonio F. Neri sold 166,666 shares of the company’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $25.03, for a total transaction of $4,171,649.98. Following the sale, the chief executive officer owned 1,585,726 shares of the company’s stock, valued at $39,690,721.78. This represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gary M. Reiner sold 40,000 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $24.58, for a total transaction of $983,200.00. Following the sale, the director directly owned 83,869 shares in the company, valued at approximately $2,061,500.02. The trade was a 32.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 543,738 shares of company stock valued at $12,922,932 over the last 90 days. 0.36% of the stock is owned by corporate insiders.

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.