ING Groep NV Sells 3,204,027 Shares of Hewlett Packard Enterprise Company $HPE

ING Groep NV reduced its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 88.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 438,815 shares of the technology company’s stock after selling 3,204,027 shares during the quarter. ING Groep NV’s holdings in Hewlett Packard Enterprise were worth $10,777,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Elliott Investment Management L.P. bought a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at approximately $381,004,000. Schroder Investment Management Group grew its position in Hewlett Packard Enterprise by 192.4% in the 2nd quarter. Schroder Investment Management Group now owns 10,599,242 shares of the technology company’s stock worth $216,754,000 after purchasing an additional 6,974,083 shares during the last quarter. Norges Bank bought a new position in shares of Hewlett Packard Enterprise during the 2nd quarter worth about $110,093,000. Mizuho Markets Cayman LP acquired a new position in shares of Hewlett Packard Enterprise during the second quarter valued at about $105,700,000. Finally, Slate Path Capital LP lifted its stake in shares of Hewlett Packard Enterprise by 36.2% in the second quarter. Slate Path Capital LP now owns 15,896,242 shares of the technology company’s stock valued at $325,078,000 after buying an additional 4,221,678 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on HPE shares. Argus boosted their price target on Hewlett Packard Enterprise from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Morgan Stanley restated an “equal weight” rating and set a $25.00 price objective (down from $28.00) on shares of Hewlett Packard Enterprise in a research report on Monday, November 17th. Piper Sandler initiated coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 22nd. They issued a “neutral” rating and a $24.00 target price for the company. Barclays lifted their price target 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. Finally, The Goldman Sachs Group initiated coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, January 13th. They issued a “buy” rating and a $31.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $25.53.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, EVP Fidelma Russo sold 126,512 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 51,002 shares of the company’s stock, valued at approximately $1,255,159.22. This trade represents a 71.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maeve C. Culloty sold 35,958 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $24.66, for a total value of $886,724.28. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 585,537 shares of company stock worth $14,255,864. 0.36% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Price Performance

Shares of Hewlett Packard Enterprise stock opened at $23.84 on Thursday. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $26.44. The firm’s 50-day moving average price is $23.09 and its two-hundred day moving average price is $22.99. The company has a current ratio of 1.01, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $31.82 billion, a price-to-earnings ratio of -397.33, a P/E/G ratio of 0.66 and a beta of 1.33.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Thursday, December 4th. The technology company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. Hewlett Packard Enterprise had a return on equity of 9.15% and a net margin of 0.17%.The business had revenue of $9.68 billion for the quarter, compared to analyst estimates of $9.91 billion. During the same period in the prior year, the company earned $0.58 EPS. Hewlett Packard Enterprise’s revenue for the quarter was up 14.7% on a year-over-year basis. 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 predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, December 19th were paid a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a dividend yield of 2.4%. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, December 19th. Hewlett Packard Enterprise’s payout ratio is currently -950.00%.

Hewlett Packard Enterprise Profile

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.