Hewlett Packard Enterprise (NYSE:HPE) Director Jean Hobby Sells 29,000 Shares of Stock

Hewlett Packard Enterprise Company (NYSE:HPE) Director Jean Hobby sold 29,000 shares of the stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $23.79, for a total transaction of $689,910.00. Following the sale, the director owned 32,279 shares of the company’s stock, valued at $767,917.41. This trade represents a 47.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hewlett Packard Enterprise Price Performance

NYSE:HPE opened at $25.29 on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.01 and a debt-to-equity ratio of 0.72. The firm has a market cap of $33.36 billion, a PE ratio of -421.36, a price-to-earnings-growth ratio of 0.68 and a beta of 1.34. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $26.44. The company’s 50-day moving average price is $23.29 and its two-hundred day moving average price is $21.80.

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. The company had revenue of $9.68 billion during the quarter, compared to analyst estimates of $9.91 billion. Hewlett Packard Enterprise had a net margin of 0.17% and a return on equity of 9.15%. The company’s revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the business posted $0.58 earnings per share. 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. On average, equities analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders 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 dividend yield of 2.3%. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, December 19th. Hewlett Packard Enterprise’s dividend payout ratio is -866.67%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allworth Financial LP increased its stake in Hewlett Packard Enterprise by 5.6% in the third quarter. Allworth Financial LP now owns 54,213 shares of the technology company’s stock valued at $1,331,000 after purchasing an additional 2,858 shares in the last quarter. Swiss Life Asset Management Ltd increased its position in shares of Hewlett Packard Enterprise by 18.5% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 252,471 shares of the technology company’s stock valued at $6,201,000 after buying an additional 39,487 shares in the last quarter. Groupama Asset Managment acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter worth $574,000. Polar Asset Management Partners Inc. bought a new position in Hewlett Packard Enterprise during the third quarter worth about $14,256,000. Finally, Investment Research Partners LLC acquired a new position in Hewlett Packard Enterprise in the third quarter valued at about $522,000. Institutional investors own 80.78% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Raymond James Financial upped their price target 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. The Goldman Sachs Group increased their price target on shares of Hewlett Packard Enterprise from $27.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Piper Sandler assumed coverage on Hewlett Packard Enterprise in a report on Wednesday, October 22nd. They set a “neutral” rating and a $24.00 price objective on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 8th. Finally, Susquehanna boosted their price target on shares of Hewlett Packard Enterprise from $16.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Hold” and an average price target of $25.53.

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.