Hewlett Packard Enterprise Company $HPE Shares Sold by TD Asset Management Inc

TD Asset Management Inc lessened its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 12.1% in the third quarter, HoldingsChannel.com reports. The firm owned 1,148,233 shares of the technology company’s stock after selling 157,642 shares during the period. TD Asset Management Inc’s holdings in Hewlett Packard Enterprise were worth $28,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the business. TFC Financial Management Inc. lifted its position in shares of Hewlett Packard Enterprise by 2,694.4% in the 3rd quarter. TFC Financial Management Inc. now owns 1,006 shares of the technology company’s stock worth $25,000 after buying an additional 970 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its stake in Hewlett Packard Enterprise by 176.7% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company’s stock worth $26,000 after acquiring an additional 666 shares during the period. Headlands Technologies LLC bought a new position in Hewlett Packard Enterprise in the second quarter worth about $26,000. Chilton Capital Management LLC acquired a new position in Hewlett Packard Enterprise in the third quarter valued at approximately $30,000. Finally, Clearstead Trust LLC grew its holdings in shares of Hewlett Packard Enterprise by 93.8% during the third quarter. Clearstead Trust LLC now owns 1,291 shares of the technology company’s stock valued at $32,000 after purchasing an additional 625 shares during the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Argus boosted their price objective on Hewlett Packard Enterprise from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Citigroup cut their target price on Hewlett Packard Enterprise from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. The Goldman Sachs Group initiated 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 for the company. Morgan Stanley cut their price objective on shares of Hewlett Packard Enterprise from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. Finally, Zacks Research upgraded shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.29.

Insiders Place Their Bets

In other news, SVP Jeremy Cox sold 13,463 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $24.68, for a total transaction of $332,266.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kirt P. Karros sold 36,460 shares of the business’s stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $24.61, for a total transaction of $897,280.60. Following the completion of the sale, the senior vice president owned 18,785 shares in the company, valued at $462,298.85. The trade was a 66.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 585,537 shares of company stock valued at $14,255,864. 0.44% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $21.49 on Friday. The firm has a market capitalization of $28.55 billion, a PE ratio of -358.07, a P/E/G ratio of 0.59 and a beta of 1.33. 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 50-day moving average price of $22.45 and a 200 day moving average price of $23.07. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Thursday, December 4th. The technology company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $9.68 billion during the quarter, compared to analyst estimates of $9.91 billion. During the same period in the prior year, the business posted $0.58 EPS. 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. On average, sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, December 19th were paid a $0.1425 dividend. The ex-dividend date of this dividend was Friday, December 19th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently -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.