State Street Corp Amends HPE Stake, Maintains Passive Position
Ticker: HPE-PC · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1645590
| Field | Detail |
|---|---|
| Company | Hewlett Packard Enterprise Co (HPE-PC) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**State Street still holds HPE, a good sign for stability.**
AI Summary
State Street Corporation, a major financial institution, filed an amended Schedule 13G/A on January 30, 2024, disclosing its ownership of Hewlett Packard Enterprise Co (HPE) common stock as of December 31, 2023. This filing indicates that State Street continues to hold a significant passive stake in HPE, reaffirming its confidence in the company. For investors, this means a large institutional player maintains its position, which can be seen as a vote of confidence and potentially contribute to stock stability.
Why It Matters
This filing shows a major institutional investor, State Street Corporation, continues to hold a significant stake in Hewlett Packard Enterprise Co, signaling ongoing institutional confidence in the company.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or significant changes in strategy.
Analyst Insight
Investors should note that a major institutional investor like State Street Corporation continues to hold a passive stake in HPE, which can be a sign of long-term stability and institutional confidence, but does not suggest any immediate catalysts for price movement.
Key Players & Entities
- State Street Corporation (company) — the reporting person filing the SC 13G/A
- Hewlett Packard Enterprise Co (company) — the subject company whose securities are being reported
- 04-2456637 (number) — State Street Corporation's IRS Identification No.
- 42824C109 (number) — the CUSIP number for Hewlett Packard Enterprise Co common stock
- December 31, 2023 (date) — the date of the event requiring the filing
- January 30, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- State Street Corporation will likely maintain a significant passive stake in Hewlett Packard Enterprise Co for the foreseeable future. (State Street Corporation) — high confidence, target: 2025-01-30
FAQ
Who filed this SC 13G/A amendment?
The SC 13G/A amendment was filed by State Street Corporation, as indicated by 'NAME OF REPORTING PERSON: STATE STREET CORPORATION' in the filing.
What company's stock is the subject of this filing?
The subject company is Hewlett Packard Enterprise Co, as stated under 'NAME OF ISSUER: HEWLETT PACKARD ENTERPRISE CO'.
What type of securities are being reported in this filing?
The filing reports on 'COMMON STOCK' of Hewlett Packard Enterprise Co, as specified under 'TITLE OF CLASS OF SECURITIES'.
What is the CUSIP number associated with these securities?
The CUSIP number for Hewlett Packard Enterprise Co common stock is 42824C109, as listed in the filing.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as explicitly stated in the document.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding Hewlett Packard Enterprise Co (HPE-PC).