Campbell & CO Investment Adviser LLC Takes Position in Hewlett Packard Enterprise Company $HPE

Campbell & CO Investment Adviser LLC purchased a new stake in Hewlett Packard Enterprise Company (NYSE:HPE) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 44,575 shares of the technology company’s stock, valued at approximately $912,000.

A number of other hedge funds have also recently added to or reduced their stakes in HPE. National Bank of Canada FI increased its position in Hewlett Packard Enterprise by 1,369.1% in the 1st quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company’s stock valued at $251,192,000 after acquiring an additional 15,171,314 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of 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 valued at $180,599,000 after purchasing an additional 8,607,523 shares in the last quarter. Mizuho Markets Cayman LP bought a new position in Hewlett Packard Enterprise in the 2nd quarter worth approximately $105,700,000. AQR Capital Management LLC lifted its holdings in Hewlett Packard Enterprise by 45.6% during the 1st 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. Finally, Vanguard Group Inc. boosted its position in Hewlett Packard Enterprise by 1.7% in the 1st 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 last quarter. Institutional investors own 80.78% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on HPE shares. Barclays boosted their target price on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Bank of America upped 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 8th. Wells Fargo & Company boosted their price target on shares of Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 4th. Finally, Piper Sandler began coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 22nd. They issued a “neutral” rating and a $24.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $25.41.

Insiders Place Their Bets

In other news, Director Gary M. Reiner sold 40,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $24.58, for a total transaction of $983,200.00. Following the transaction, the director owned 83,869 shares in the company, valued at $2,061,500.02. The trade was a 32.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Maeve C. Culloty sold 3,738 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total value of $93,898.56. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 543,738 shares of company stock worth $12,922,932. Corporate insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE:HPE opened at $22.86 on Friday. The company has a market capitalization of $30.16 billion, a price-to-earnings ratio of 27.88, a P/E/G ratio of 1.31 and a beta of 1.43. The firm’s 50 day simple moving average is $24.21 and its 200 day simple moving average is $21.11. 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 fifty-two week low of $11.97 and a fifty-two week high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, September 3rd. The technology company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.09). The firm had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $8.77 billion. Hewlett Packard Enterprise had a net margin of 3.77% and a return on equity of 9.01%. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the previous year, the company 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. As a group, sell-side analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

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

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.