Sumitomo Mitsui Trust Group Inc. Sells 523,418 Shares of Hewlett Packard Enterprise Company $HPE

Sumitomo Mitsui Trust Group Inc. lowered its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 14.3% during the second quarter, HoldingsChannel.com reports. The fund owned 3,147,019 shares of the technology company’s stock after selling 523,418 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Hewlett Packard Enterprise were worth $64,357,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of HPE. Zions Bancorporation National Association UT bought a new stake in Hewlett Packard Enterprise during the first quarter valued at $27,000. MorganRosel Wealth Management LLC bought a new stake in Hewlett Packard Enterprise during the first quarter valued at $31,000. Hilltop National Bank bought a new stake in Hewlett Packard Enterprise during the second quarter valued at $35,000. Transce3nd LLC boosted its position in Hewlett Packard Enterprise by 2,937.2% during the first 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 last quarter. Finally, Wayfinding Financial LLC bought a new stake in Hewlett Packard Enterprise during the first quarter valued at $41,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $23.51 on Monday. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $26.44. The stock has a market cap of $31.01 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 1.74 and a beta of 1.45. 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 50-day simple moving average is $23.81 and its 200 day simple moving average is $20.29.

Hewlett Packard Enterprise (NYSE:HPE) last posted 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). The firm had revenue of $9.14 billion during 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 quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter last year, the business 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, research analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share 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 was Thursday, September 18th. This represents a $0.52 annualized dividend and a yield of 2.2%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 63.41%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 40,000 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $24.58, for a total value of $983,200.00. Following the completion of the sale, the director owned 83,869 shares in the company, valued at approximately $2,061,500.02. This trade represents a 32.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Maeve C. Culloty sold 3,738 shares of the 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 can be found here. In the last 90 days, insiders sold 543,738 shares of company stock worth $12,922,932. Insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HPE. Wolfe Research began coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They set a “peer perform” rating on the stock. Zacks Research cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Wells Fargo & Company increased 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 research report on Thursday, September 4th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $22.00 to $28.00 in a research report on Thursday, August 21st. Finally, Piper Sandler began coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 22nd. They set a “neutral” rating and a $24.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $25.41.

Hewlett Packard Enterprise Company 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.