New York Life Investment Management LLC Raises Stake in Hewlett Packard Enterprise Company $HPE

New York Life Investment Management LLC increased its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 1.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 199,625 shares of the technology company’s stock after buying an additional 2,526 shares during the quarter. New York Life Investment Management LLC’s holdings in Hewlett Packard Enterprise were worth $4,082,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of 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 worth $2,579,896,000 after buying an additional 2,779,446 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake 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 valued at $271,333,000 after buying an additional 2,373,850 shares during the period. Northern Trust Corp lifted its position in shares of 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 buying an additional 545,775 shares during the last quarter. National Bank of Canada FI lifted its position 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 valued at $251,192,000 after buying an additional 15,171,314 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of 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 valued at $193,078,000 after buying an additional 3,922,516 shares during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 40,000 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $24.58, for a total value of $983,200.00. Following the sale, the director directly owned 83,869 shares of the company’s stock, valued at approximately $2,061,500.02. The trade was a 32.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Antonio F. Neri sold 166,666 shares of Hewlett Packard Enterprise stock in a transaction on Friday, September 12th. The stock was sold at an average price of $25.03, for a total value of $4,171,649.98. Following the completion of the sale, the chief executive officer directly owned 1,585,726 shares of the company’s stock, valued at approximately $39,690,721.78. The trade was a 9.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 543,738 shares of company stock valued at $12,922,932. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HPE shares. Bank of America upped their price target on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. Piper Sandler started coverage on Hewlett Packard Enterprise in a research report on Wednesday, October 22nd. They set a “neutral” rating and a $24.00 price target on the stock. Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $22.00 to $28.00 in a research report on Thursday, August 21st. JPMorgan Chase & Co. started coverage on Hewlett Packard Enterprise in a research report on Thursday, July 17th. They set an “overweight” rating and a $30.00 price target on the stock. Finally, Susquehanna upped their price target on Hewlett Packard Enterprise from $16.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $25.41.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE opened at $24.39 on Friday. The stock has a market cap of $32.18 billion, a price-to-earnings ratio of 29.74, a P/E/G ratio of 1.80 and a beta of 1.45. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $26.44. The stock’s 50-day moving average is $24.03 and its 200 day moving average is $20.53.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.09). Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.The company had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.77 billion. During the same quarter in the previous year, the business earned $0.50 earnings per share. Hewlett Packard Enterprise’s revenue was up 19.8% compared to the same quarter last year. 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, sell-side analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 18th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, September 18th. Hewlett Packard Enterprise’s payout ratio is 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.