AG2R LA Mondiale Gestion D Actifs Sells 2,758 Shares of Hewlett Packard Enterprise Company $HPE

AG2R LA Mondiale Gestion D Actifs cut its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 4.4% during the second quarter, Holdings Channel.com reports. The firm owned 59,662 shares of the technology company’s stock after selling 2,758 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in Hewlett Packard Enterprise were worth $1,220,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Zions Bancorporation National Association UT purchased a new stake in Hewlett Packard Enterprise during the first quarter worth $27,000. MorganRosel Wealth Management LLC bought a new position in shares of Hewlett Packard Enterprise in the 1st quarter worth $31,000. Hilltop National Bank purchased a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter worth $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 purchasing an additional 2,291 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new position in Hewlett Packard Enterprise in the first quarter valued at about $41,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HPE shares. Weiss Ratings restated a “hold (c)” rating on shares of Hewlett Packard Enterprise in a report on Saturday. Susquehanna raised their target price on shares of Hewlett Packard Enterprise from $16.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, September 4th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Bank of America increased their price objective on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, September 2nd. Finally, Wall Street Zen upgraded Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research note on Sunday, July 13th. One 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, Hewlett Packard Enterprise presently has an average rating of “Hold” and an average target price of $25.41.

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $23.51 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69. The company’s fifty day moving average price is $23.81 and its 200-day moving average price is $20.25. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $26.44. The firm has a market capitalization of $31.01 billion, a PE ratio of 28.67, a price-to-earnings-growth ratio of 1.74 and a beta of 1.45.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 9.01% and a net margin of 3.77%.The business’s revenue was up 19.8% on a year-over-year basis. During the same quarter last year, the business earned $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. On average, equities research analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 18th were given 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 2.2%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 63.41%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 40,000 shares of the company’s stock in a transaction on Monday, September 15th. The shares were 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 $2,061,500.02. This represents a 32.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maeve C. Culloty sold 3,738 shares of the stock in a transaction on Tuesday, September 23rd. The stock was 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 ninety days, insiders sold 543,738 shares of company stock worth $12,922,932. Company insiders own 0.36% of the company’s stock.

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.