OLD Point Trust & Financial Services N A Decreases Stock Position in Hewlett Packard Enterprise Company $HPE

OLD Point Trust & Financial Services N A lessened its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 7.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 91,518 shares of the technology company’s stock after selling 7,362 shares during the period. OLD Point Trust & Financial Services N A’s holdings in Hewlett Packard Enterprise were worth $1,872,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of HPE. National Bank of Canada FI increased its stake in 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 purchasing an additional 15,171,314 shares during the period. Assenagon Asset Management S.A. increased its stake in Hewlett Packard Enterprise by 3,847.1% in the second quarter. Assenagon Asset Management S.A. now owns 8,831,262 shares of the technology company’s stock worth $180,599,000 after purchasing an additional 8,607,523 shares during the period. AQR Capital Management LLC increased its stake in 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 purchasing an additional 3,922,516 shares during the period. Vanguard Group Inc. increased its stake in shares of Hewlett Packard Enterprise by 1.7% during the first quarter. Vanguard Group Inc. now owns 167,199,996 shares of the technology company’s stock valued at $2,579,896,000 after buying an additional 2,779,446 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Hewlett Packard Enterprise by 15.6% during 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 valued at $271,333,000 after buying an additional 2,373,850 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on HPE. Deutsche Bank Aktiengesellschaft raised their price target on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Barclays raised their price target on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Wells Fargo & Company raised their price target on 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Hold” and a consensus price target of $25.41.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP Maeve C. Culloty sold 3,738 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total transaction of $93,898.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary M. Reiner sold 40,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $24.58, for a total value of $983,200.00. Following the transaction, the director owned 83,869 shares of the company’s stock, valued at approximately $2,061,500.02. This represents a 32.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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 0.8%

Shares of NYSE:HPE opened at $23.10 on Thursday. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $26.44. The stock has a market cap of $30.47 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 1.73 and a beta of 1.45. 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 business has a 50-day moving average price of $23.72 and a 200-day moving average price of $20.05.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data 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). 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 during the quarter, compared to analysts’ expectations of $8.77 billion. During the same quarter in the previous year, the business earned $0.50 earnings per share. The company’s revenue for the quarter 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. Equities analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors 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 2.3%. The ex-dividend date was Thursday, September 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) 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.