State of New Jersey Common Pension Fund D Sells 1,495 Shares of Hewlett Packard Enterprise Company $HPE

State of New Jersey Common Pension Fund D trimmed its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 0.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 436,896 shares of the technology company’s stock after selling 1,495 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Hewlett Packard Enterprise were worth $8,935,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Hewlett Packard Enterprise by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 167,199,996 shares of the technology company’s stock worth $2,579,896,000 after buying an additional 2,779,446 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Hewlett Packard Enterprise by 15.6% in 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 purchasing an additional 2,373,850 shares during the period. Northern Trust Corp raised its position in shares of Hewlett Packard Enterprise by 3.4% during the 1st quarter. Northern Trust Corp now owns 16,730,015 shares of the technology company’s stock valued at $258,144,000 after buying an additional 545,775 shares during the period. National Bank of Canada FI grew its holdings in shares of Hewlett Packard Enterprise by 1,369.1% during the 1st 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. Finally, AQR Capital Management LLC raised its position 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 valued at $193,078,000 after purchasing an additional 3,922,516 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Up 1.4%

Shares of HPE opened at $23.51 on Friday. The stock has a market cap of $31.01 billion, a price-to-earnings ratio of 28.67, a price-to-earnings-growth ratio of 1.74 and a beta of 1.45. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $26.44. The firm has a 50 day simple moving average of $23.81 and a 200-day simple moving average of $20.25.

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 business had revenue of $9.14 billion for the quarter, compared to analysts’ expectations of $8.77 billion. Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.The company’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the prior year, the company 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. Equities analysts forecast that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, September 18th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, September 18th. Hewlett Packard Enterprise’s payout ratio is currently 63.41%.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP Maeve C. Culloty sold 3,738 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were 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 is available through the SEC website. Also, Director Gary M. Reiner sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $24.58, for a total value of $983,200.00. Following the completion of the transaction, the director directly owned 83,869 shares in the company, valued at $2,061,500.02. This trade represents a 32.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 543,738 shares of company stock worth $12,922,932. 0.36% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HPE has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Raymond James Financial boosted their price objective on shares of 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. The Goldman Sachs Group increased their target price on shares of Hewlett Packard Enterprise from $27.00 to $31.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Piper Sandler began coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday. They issued a “neutral” rating and a $24.00 price target for the company. Finally, Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $22.00 to $28.00 in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Hold” and an average price target of $25.41.

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.