Dodge & Cox Sells 35,300 Shares of Hewlett Packard Enterprise Company $HPE

Dodge & Cox trimmed its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 28.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,583 shares of the technology company’s stock after selling 35,300 shares during the period. Dodge & Cox’s holdings in Hewlett Packard Enterprise were worth $1,812,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in HPE. National Bank of Canada FI lifted its holdings in 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 purchasing an additional 15,171,314 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Hewlett Packard Enterprise by 3,847.1% in the second quarter. Assenagon Asset Management S.A. now owns 8,831,262 shares of the technology company’s stock valued at $180,599,000 after purchasing an additional 8,607,523 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Hewlett Packard Enterprise by 192.4% in the second quarter. Schroder Investment Management Group now owns 10,599,242 shares of the technology company’s stock valued at $216,754,000 after purchasing an additional 6,974,083 shares during the period. Norges Bank acquired a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter worth about $110,093,000. Finally, Mizuho Markets Cayman LP bought a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter worth about $105,700,000. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Stock Performance

HPE opened at $23.32 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $26.44. The firm has a market cap of $30.77 billion, a P/E ratio of -388.67, a price-to-earnings-growth ratio of 0.92 and a beta of 1.34. The business’s fifty day moving average is $23.29 and its 200-day moving average is $21.62.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Thursday, December 4th. The technology company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.03. Hewlett Packard Enterprise had a net margin of 0.17% and a return on equity of 9.17%. The business had revenue of $9.68 billion during the quarter, compared to analysts’ expectations of $9.91 billion. During the same quarter in the prior year, the business posted $0.58 earnings per share. Hewlett Packard Enterprise’s revenue was up 14.7% compared to the same quarter last year. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.250-2.450 EPS and its Q1 2026 guidance at 0.570-0.610 EPS. Sell-side analysts expect that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, December 19th will be paid a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 2.4%. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, December 19th. Hewlett Packard Enterprise’s payout ratio is 63.41%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Raymond James Financial raised their price objective on shares of Hewlett Packard Enterprise from $29.00 to $30.00 and gave the stock a “strong-buy” rating in a research report on Thursday, September 4th. Bank of America lifted their price target on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Susquehanna boosted their price target on Hewlett Packard Enterprise from $16.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, September 4th. Morgan Stanley reiterated an “equal weight” rating and set a $25.00 price objective (down previously from $28.00) on shares of Hewlett Packard Enterprise in a research report on Monday, November 17th. Finally, Piper Sandler started coverage on Hewlett Packard Enterprise in a report on Wednesday, October 22nd. They set a “neutral” rating and a $24.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise has an average rating of “Hold” and an average target price of $25.25.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 166,666 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $25.03, for a total transaction of $4,171,649.98. Following the completion of the sale, the chief executive officer directly owned 1,585,726 shares in the company, valued at $39,690,721.78. This represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary M. Reiner sold 40,000 shares of Hewlett Packard Enterprise 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 completion of the transaction, the director owned 83,869 shares in the company, valued at approximately $2,061,500.02. The trade was a 32.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 210,404 shares of company stock worth $5,248,749 over the last three months. Corporate insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Company 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.