Wellington Management Group LLP reduced its stake in Hewlett Packard Enterprise by 7.8% in the fourth quarter, selling 6,805 shares and now holds 80,280 shares valued at $1,363,000. Other institutional investors have also made changes in their holdings, including EP Wealth Advisors LLC increasing its stake by 53.4%, V Square Quantitative Management LLC by 25.2%, Brevan Howard Capital Management LP by 1,103.7%, Point72 Europe London LLP with a new position, and Ethic Inc. with an 11.9% increase in holdings.
Hewlett Packard Enterprise’s shares were trading at $21.16 on Tuesday with a market capitalization of $27.5 billion. The company’s earnings beat analyst estimates, with EPS of $0.42 and revenue of $7.2 billion for the quarter. Hewlett Packard Enterprise announced a quarterly dividend of $0.13 per share. Director Gary M. Reiner sold 50,000 shares of the company’s stock, and SVP Jeremy Cox sold 18,323 shares in separate transactions.
Various analysts have offered ratings and price targets for Hewlett Packard Enterprise, with eight analysts rating it as hold and five giving it a buy rating. The company operates in six segments: Computing, HPC and AI, Storage, Edge Intelligence, Financial Services and Corporate Investments, and Other.
For more news and ratings on Hewlett Packard Enterprise, sign up for MarketBeat.com’s daily newsletter for the latest updates on the company’s stock analysis.
Article Source
https://www.defenseworld.net/2024/07/02/hewlett-packard-enterprise-nysehpe-position-trimmed-by-wellington-management-group-llp.html
