Cowa LLC Sells 18,820 Shares of Hewlett Packard Enterprise Company $HPE

Cowa LLC lowered its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 33.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,400 shares of the technology company’s stock after selling 18,820 shares during the quarter. Cowa LLC’s holdings in Hewlett Packard Enterprise were worth $765,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Hewlett Packard Enterprise by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 169,804,055 shares of the technology company’s stock worth $3,472,493,000 after buying an additional 2,604,059 shares during the last quarter. Geode Capital Management LLC raised its holdings in Hewlett Packard Enterprise by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 34,421,976 shares of the technology company’s stock valued at $701,864,000 after buying an additional 724,974 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in 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 during the last quarter. Northern Trust Corp grew its holdings in Hewlett Packard Enterprise by 3.4% during the 1st quarter. Northern Trust Corp now owns 16,730,015 shares of the technology company’s stock valued at $258,144,000 after purchasing an additional 545,775 shares during the last quarter. Finally, National Bank of Canada FI lifted its stake in shares of Hewlett Packard Enterprise by 1,369.1% during the 1st quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company’s stock worth $251,192,000 after acquiring an additional 15,171,314 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Activity at Hewlett Packard Enterprise

In related news, Director Gary M. Reiner sold 40,000 shares of the firm’s 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 of the company’s stock, valued at $2,061,500.02. This trade represents a 32.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Maeve C. Culloty sold 3,738 shares of the firm’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 SEC filing for this sale provides additional information. Insiders sold a total of 377,072 shares of company stock valued at $9,169,613 over the last ninety days. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $20.49 on Friday. The stock’s fifty day moving average is $23.83 and its two-hundred day moving average is $21.30. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two 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 has a market capitalization of $27.04 billion, a P/E ratio of 24.99, a price-to-earnings-growth ratio of 0.81 and a beta of 1.43.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly 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 for the quarter, compared to analyst estimates of $8.77 billion. During the same quarter in the prior year, the business earned $0.50 earnings per share. Hewlett Packard Enterprise’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. On average, research analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 18th were issued a dividend of $0.13 per share. 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 2.5%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 63.41%.

Wall Street Analysts Forecast Growth

HPE has been the subject of a number of research analyst reports. Sanford C. Bernstein began coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, September 16th. They set a “market perform” rating and a $24.00 price objective for the company. UBS Group lifted their price objective on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Morgan Stanley reissued an “equal weight” rating and issued a $25.00 price objective (down previously from $28.00) on shares of Hewlett Packard Enterprise in a research report on Monday, November 17th. Citigroup increased their price objective on shares of Hewlett Packard Enterprise from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Finally, Barclays upped their target price on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $25.24.

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.