Boston Partners Lowers Stock Holdings in Hewlett Packard Enterprise Company $HPE

Boston Partners reduced its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 10.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,632,397 shares of the technology company’s stock after selling 180,965 shares during the quarter. Boston Partners owned about 0.12% of Hewlett Packard Enterprise worth $33,373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of HPE. Vanguard Group Inc. boosted its holdings 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 purchasing an additional 2,779,446 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position 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 worth $271,333,000 after buying an additional 2,373,850 shares in the last quarter. Northern Trust Corp boosted its stake 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 valued at $258,144,000 after buying an additional 545,775 shares during the period. 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 increased its stake in Hewlett Packard Enterprise by 45.6% in the 1st quarter. AQR Capital Management LLC now owns 12,521,303 shares of the technology company’s stock worth $193,078,000 after acquiring an additional 3,922,516 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 166,666 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $25.03, for a total transaction of $4,171,649.98. Following the completion of the sale, the chief executive officer owned 1,585,726 shares of the company’s stock, valued at $39,690,721.78. This represents a 9.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Maeve C. Culloty sold 3,738 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total transaction of $93,898.56. The disclosure for this sale is available in the SEC filing. Insiders sold 543,738 shares of company stock worth $12,922,932 in the last three months. 0.36% of the stock is owned by insiders.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $23.49 on Thursday. The company has a 50-day simple moving average of $24.21 and a two-hundred day simple moving average of $21.10. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $26.44. The firm has a market cap of $30.99 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 1.28 and a beta of 1.43. 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 issued its earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.09). The company had revenue of $9.14 billion for the quarter, compared to analysts’ expectations of $8.77 billion. Hewlett Packard Enterprise had a net margin of 3.77% and a return on equity of 9.01%. The company’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.50 earnings per share. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. On average, equities analysts forecast that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors 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 presently 63.41%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HPE. Deutsche Bank Aktiengesellschaft lifted their price target on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. The Goldman Sachs Group boosted their price target on shares of Hewlett Packard Enterprise from $27.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Sanford C. Bernstein began coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, September 16th. They set a “market perform” rating and a $24.00 price objective on the stock. Wells Fargo & Company lifted their price objective on shares of Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, September 4th. Finally, Citigroup upped their target price on shares of Hewlett Packard Enterprise from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Hold” and a consensus 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.