International Assets Investment Management LLC Trims Stake in Hewlett Packard Enterprise Company $HPE

International Assets Investment Management LLC trimmed its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 24.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,166 shares of the technology company’s stock after selling 8,266 shares during the quarter. International Assets Investment Management LLC’s holdings in Hewlett Packard Enterprise were worth $515,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in 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 worth $2,579,896,000 after buying an additional 2,779,446 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in 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 worth $271,333,000 after buying an additional 2,373,850 shares in the last quarter. Northern Trust Corp grew its position in Hewlett Packard Enterprise by 3.4% during the first quarter. Northern Trust Corp now owns 16,730,015 shares of the technology company’s stock worth $258,144,000 after buying an additional 545,775 shares in the last quarter. National Bank of Canada FI grew its position in Hewlett Packard Enterprise by 1,369.1% during 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 buying an additional 15,171,314 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Hewlett Packard Enterprise by 45.6% during the first quarter. AQR Capital Management LLC now owns 12,521,303 shares of the technology company’s stock worth $193,078,000 after buying an additional 3,922,516 shares in the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Maeve C. Culloty sold 3,738 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total value of $93,898.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary M. Reiner sold 40,000 shares of the business’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 sale, the director directly owned 83,869 shares of the company’s stock, valued at approximately $2,061,500.02. This trade represents a 32.29% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 543,738 shares of company stock valued at $12,922,932. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Trading Up 1.8%

NYSE HPE opened at $23.27 on Wednesday. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $26.44. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. The stock has a 50-day moving average of $23.69 and a 200-day moving average of $20.03. The firm has a market cap of $30.71 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 1.70 and a beta of 1.45.

Hewlett Packard Enterprise (NYSE:HPE) last released 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 net margin of 3.77% and a return on equity of 9.01%. The company had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $8.77 billion. During the same period last year, the firm posted $0.50 EPS. The company’s revenue was up 19.8% on a year-over-year basis. 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 forecast that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced 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 dividend on an annualized basis 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 63.41%.

Analyst Ratings Changes

Several equities analysts recently commented on HPE shares. Wall Street Zen upgraded Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research report on Sunday, July 13th. KeyCorp assumed coverage on Hewlett Packard Enterprise in a report on Thursday, June 26th. They issued a “sector weight” rating for the company. Bank of America upped their price objective on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. The Goldman Sachs Group upped their price objective on Hewlett Packard Enterprise from $27.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Finally, Evercore ISI upped their price objective on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $25.50.

Hewlett Packard Enterprise 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.