Mutual Advisors LLC Raises Stake in Hewlett Packard Enterprise Company $HPE

Mutual Advisors LLC lifted its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 214.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 105,185 shares of the technology company’s stock after acquiring an additional 71,683 shares during the period. Mutual Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $2,439,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Transcend Capital Advisors LLC purchased a new position in Hewlett Packard Enterprise during the third quarter worth about $255,000. Werba Rubin Papier Wealth Management raised its position in shares of Hewlett Packard Enterprise by 17.0% during the 3rd quarter. Werba Rubin Papier Wealth Management now owns 28,010 shares of the technology company’s stock valued at $688,000 after buying an additional 4,060 shares during the period. Howard Capital Management Inc. lifted its holdings in Hewlett Packard Enterprise by 0.3% in the third quarter. Howard Capital Management Inc. now owns 207,816 shares of the technology company’s stock valued at $5,104,000 after acquiring an additional 706 shares during the last quarter. National Pension Service grew its position in Hewlett Packard Enterprise by 9.7% in the third quarter. National Pension Service now owns 3,787,479 shares of the technology company’s stock worth $93,020,000 after acquiring an additional 334,424 shares during the period. Finally, AlphaQuest LLC increased its stake in Hewlett Packard Enterprise by 414.9% during the third quarter. AlphaQuest LLC now owns 20,809 shares of the technology company’s stock worth $511,000 after acquiring an additional 16,768 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Transactions at Hewlett Packard Enterprise

In other news, EVP Maeve C. Culloty sold 35,958 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $24.66, for a total transaction of $886,724.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Fidelma Russo sold 126,512 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $24.61, for a total value of $3,113,460.32. Following the completion of the transaction, the executive vice president directly owned 51,002 shares in the company, valued at $1,255,159.22. This trade represents a 71.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 585,537 shares of company stock valued at $14,255,864 over the last quarter. Insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

HPE has been the topic of several recent analyst reports. UBS Group upped their price target on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research report on Friday, December 26th. Barclays increased their target price on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Zacks Research raised shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Morgan Stanley reaffirmed 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. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and an average price target of $25.53.

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $22.03 on Tuesday. The company has a market cap of $29.39 billion, a P/E ratio of -367.02, a PEG ratio of 0.59 and a beta of 1.33. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $26.44. 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’s 50 day moving average price is $22.87 and its 200 day moving average price is $22.88.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Thursday, December 4th. The technology company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.59 by $0.03. The business had revenue of $9.68 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm 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, research analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, December 19th were paid a dividend of $0.1425 per share. The ex-dividend date was Friday, December 19th. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. This represents a $0.57 dividend on an annualized basis and a dividend yield of 2.6%. Hewlett Packard Enterprise’s payout ratio is currently -950.00%.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.

A major focus for HPE is hybrid cloud and consumption-based IT.