M&G PLC Reduces Position in Hewlett Packard Enterprise Company $HPE

M&G PLC trimmed its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 30.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,994 shares of the technology company’s stock after selling 18,555 shares during the period. M&G PLC’s holdings in Hewlett Packard Enterprise were worth $840,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Zions Bancorporation National Association UT bought a new stake in Hewlett Packard Enterprise during the first quarter valued at about $27,000. CVA Family Office LLC raised its stake in shares of Hewlett Packard Enterprise by 126.7% in the second quarter. CVA Family Office LLC now owns 1,437 shares of the technology company’s stock worth $29,000 after buying an additional 803 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Hewlett Packard Enterprise by 74.4% in the second quarter. Hantz Financial Services Inc. now owns 1,611 shares of the technology company’s stock worth $33,000 after buying an additional 687 shares during the period. Hilltop National Bank purchased a new position in shares of Hewlett Packard Enterprise during the 2nd quarter valued at about $35,000. Finally, Transce3nd LLC grew its stake in shares of Hewlett Packard Enterprise by 2,937.2% during the 1st quarter. Transce3nd LLC now owns 2,369 shares of the technology company’s stock valued at $37,000 after acquiring an additional 2,291 shares during the period. 80.78% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Gary M. Reiner sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $24.58, for a total transaction of $983,200.00. Following the sale, the director directly owned 83,869 shares of the company’s stock, valued at $2,061,500.02. This represents a 32.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maeve C. Culloty sold 3,738 shares of the firm’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 SEC filing for this sale provides additional information. Insiders have sold a total of 543,738 shares of company stock valued at $12,922,932 in the last quarter. 0.36% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on HPE shares. Wells Fargo & Company raised their target price 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. JPMorgan Chase & Co. started coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, July 17th. They set an “overweight” rating and a $30.00 price objective on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft increased their price target on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Finally, Citigroup boosted their price objective on Hewlett Packard Enterprise from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $25.41.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE opened at $22.86 on Friday. The company has a market cap of $30.16 billion, a P/E ratio of 27.88, a P/E/G ratio of 1.31 and a beta of 1.43. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $26.44. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. The firm’s fifty day moving average is $24.21 and its two-hundred day moving average is $21.11.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Wednesday, September 3rd. The technology company reported $0.35 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $8.77 billion. During the same period last year, the company earned $0.50 EPS. The firm’s revenue for the quarter 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, analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 18th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.3%. Hewlett Packard Enterprise’s payout ratio is presently 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.