Bank of New York Mellon Corp Has $165.98 Million Stake in Hewlett Packard Enterprise Company $HPE

Bank of New York Mellon Corp trimmed its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 5.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,116,502 shares of the technology company’s stock after selling 441,800 shares during the period. Bank of New York Mellon Corp owned about 0.62% of Hewlett Packard Enterprise worth $165,982,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of HPE. National Bank of Canada FI boosted 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 valued at $251,192,000 after acquiring an additional 15,171,314 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Hewlett Packard Enterprise by 3,847.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 8,831,262 shares of the technology company’s stock worth $180,599,000 after acquiring an additional 8,607,523 shares during the last quarter. Mizuho Markets Cayman LP acquired a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter worth about $105,700,000. AQR Capital Management LLC raised its holdings in shares of 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. Finally, Vanguard Group Inc. grew its position 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 worth $2,579,896,000 after purchasing an additional 2,779,446 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Insider Activity

In other news, CEO Antonio F. Neri sold 166,666 shares of Hewlett Packard Enterprise stock in a transaction dated 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 sale, the chief executive officer 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gary M. Reiner sold 40,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $24.58, for a total transaction of $983,200.00. Following the transaction, the director directly owned 83,869 shares of the company’s stock, valued at approximately $2,061,500.02. This trade represents a 32.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 543,738 shares of company stock valued at $12,922,932. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Hewlett Packard Enterprise from $27.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Citigroup upped their price objective 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. Evercore ISI increased their target price on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. started coverage on shares of Hewlett Packard Enterprise in a report on Thursday, July 17th. They issued an “overweight” rating and a $30.00 price objective for the company. Finally, Bank of America raised their price objective on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $25.41.

Hewlett Packard Enterprise Price Performance

Shares of Hewlett Packard Enterprise stock opened at $23.74 on Thursday. The firm has a market cap of $31.32 billion, a PE ratio of 28.95, a price-to-earnings-growth ratio of 1.32 and a beta of 1.43. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $26.44. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. The company’s fifty day simple moving average is $24.15 and its two-hundred day simple moving average is $20.83.

Hewlett Packard Enterprise (NYSE:HPE) last announced its 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). The company had revenue of $9.14 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 19.8% on a year-over-year basis. During the same period in the previous year, the firm 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, equities analysts expect that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, September 18th were paid 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 dividend yield of 2.2%. Hewlett Packard Enterprise’s payout ratio is presently 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.