DNB Asset Management AS Raises Holdings in Hewlett Packard Enterprise Company $HPE

DNB Asset Management AS boosted its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 44.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 362,643 shares of the technology company’s stock after purchasing an additional 110,745 shares during the quarter. DNB Asset Management AS’s holdings in Hewlett Packard Enterprise were worth $8,907,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Hohimer Wealth Management LLC lifted its stake in Hewlett Packard Enterprise by 31.9% in the 3rd quarter. Hohimer Wealth Management LLC now owns 163,546 shares of the technology company’s stock worth $4,017,000 after purchasing an additional 39,520 shares in the last quarter. Choreo LLC increased its holdings in shares of Hewlett Packard Enterprise by 60.3% in the third quarter. Choreo LLC now owns 38,216 shares of the technology company’s stock valued at $944,000 after purchasing an additional 14,378 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Hewlett Packard Enterprise by 5.9% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,715,479 shares of the technology company’s stock worth $66,692,000 after buying an additional 150,203 shares during the last quarter. Total Clarity Wealth Management Inc. purchased a new stake in Hewlett Packard Enterprise in the 3rd quarter valued at $751,000. Finally, Empirical Asset Management LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter worth $708,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, EVP John F. Schultz sold 148,501 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $24.99, for a total transaction of $3,711,039.99. Following the completion of the sale, the executive vice president directly owned 248,091 shares of the company’s stock, valued at approximately $6,199,794.09. The trade was a 37.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maeve C. Culloty sold 35,958 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $24.66, for a total transaction of $886,724.28. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 585,537 shares of company stock valued at $14,255,864. 0.44% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HPE has been the topic of several recent research reports. The Goldman Sachs Group assumed coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, January 13th. They set a “buy” rating and a $31.00 price target on the stock. Morgan Stanley cut their price target on shares of Hewlett Packard Enterprise from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. Citigroup decreased their price objective on Hewlett Packard Enterprise from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Zacks Research raised Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Argus upped 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. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $25.29.

Hewlett Packard Enterprise Stock Up 3.1%

Shares of NYSE:HPE opened at $21.49 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.01 and a quick ratio of 0.76. The firm has a market capitalization of $28.55 billion, a PE ratio of -358.07, a price-to-earnings-growth ratio of 0.59 and a beta of 1.33. The firm’s 50-day moving average is $22.45 and its two-hundred day moving average is $23.07. Hewlett Packard Enterprise Company has a 1 year low of $11.97 and a 1 year high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Thursday, December 4th. The technology company reported $0.62 EPS for the quarter, beating 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 9.15%. The business had revenue of $9.68 billion during the quarter, compared to analyst estimates of $9.91 billion. During the same quarter last year, the firm posted $0.58 earnings per share. The business’s revenue for the quarter 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. Analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, December 19th were paid a $0.1425 dividend. This represents a $0.57 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, December 19th. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is -950.00%.

Hewlett Packard Enterprise Company 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.