Quinn Opportunity Partners LLC Trims Position in Hewlett Packard Enterprise Company $HPE

Quinn Opportunity Partners LLC lessened its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 56.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 218,095 shares of the technology company’s stock after selling 284,497 shares during the quarter. Quinn Opportunity Partners LLC’s holdings in Hewlett Packard Enterprise were worth $4,460,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Cerity Partners LLC increased its position in shares of Hewlett Packard Enterprise by 1.1% during the first quarter. Cerity Partners LLC now owns 320,077 shares of the technology company’s stock valued at $4,939,000 after buying an additional 3,537 shares during the period. Arizona State Retirement System boosted its position in Hewlett Packard Enterprise by 0.8% during the 1st quarter. Arizona State Retirement System now owns 380,375 shares of the technology company’s stock valued at $5,869,000 after acquiring an additional 3,174 shares in the last quarter. New York State Common Retirement Fund boosted its position in Hewlett Packard Enterprise by 7.3% during the 1st quarter. New York State Common Retirement Fund now owns 881,274 shares of the technology company’s stock valued at $13,598,000 after acquiring an additional 59,916 shares in the last quarter. Stephens Inc. AR grew its holdings in shares of Hewlett Packard Enterprise by 27.8% during the 1st quarter. Stephens Inc. AR now owns 11,975 shares of the technology company’s stock worth $185,000 after acquiring an additional 2,602 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in shares of Hewlett Packard Enterprise by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 70,600 shares of the technology company’s stock worth $1,089,000 after acquiring an additional 700 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Down 4.1%

HPE opened at $22.90 on Wednesday. The stock has a market capitalization of $30.21 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 1.34 and a beta of 1.43. The firm has a 50 day moving average price of $24.20 and a 200-day moving average price of $21.08. Hewlett Packard Enterprise Company has a twelve month low of $11.97 and a twelve month high of $26.44. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Wednesday, September 3rd. The technology company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.09). The company had revenue of $9.14 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm posted $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 research analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

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

Insider Transactions at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 166,666 shares of Hewlett Packard Enterprise stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $22.52, for a total transaction of $3,753,318.32. Following the transaction, the chief executive officer owned 1,919,060 shares in the company, valued at $43,217,231.20. This trade represents a 7.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Maeve C. Culloty sold 3,738 shares of the business’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. 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 in the last quarter. Company insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

HPE has been the subject of several recent research reports. Susquehanna raised their price objective on Hewlett Packard Enterprise from $16.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, September 4th. Barclays lifted their target price on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Evercore ISI increased their target price on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Piper Sandler started coverage on Hewlett Packard Enterprise in a research report on Wednesday, October 22nd. They issued a “neutral” rating and a $24.00 price target for the company. Finally, Bank of America raised their price objective on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus target price 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.