International Assets Investment Management LLC Sells 19,185 Shares of Hewlett Packard Enterprise Company $HPE

International Assets Investment Management LLC trimmed its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 90.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,931 shares of the technology company’s stock after selling 19,185 shares during the quarter. International Assets Investment Management LLC’s holdings in Hewlett Packard Enterprise were worth $46,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. increased its holdings in Hewlett Packard Enterprise by 24.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 215,593 shares of the technology company’s stock worth $5,179,000 after purchasing an additional 41,896 shares in the last quarter. Viking Fund Management LLC increased its holdings in Hewlett Packard Enterprise by 22.5% in the 4th quarter. Viking Fund Management LLC now owns 490,000 shares of the technology company’s stock worth $11,770,000 after purchasing an additional 90,000 shares in the last quarter. Vanguard Group Inc. increased its holdings in Hewlett Packard Enterprise by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company’s stock worth $4,156,870,000 after purchasing an additional 1,917,719 shares in the last quarter. Merit Financial Group LLC increased its holdings in Hewlett Packard Enterprise by 133.8% in the 4th quarter. Merit Financial Group LLC now owns 96,825 shares of the technology company’s stock worth $2,326,000 after purchasing an additional 55,410 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC increased its holdings in Hewlett Packard Enterprise by 118.8% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 145,232 shares of the technology company’s stock worth $3,567,000 after purchasing an additional 78,859 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HPE shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, March 25th. Wall Street Zen cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Sunday. Morgan Stanley upped their target price on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 10th. Truist Financial started coverage on Hewlett Packard Enterprise in a report on Tuesday, March 31st. They issued a “buy” rating and a $31.00 target price for the company. Finally, Citigroup upped their target price on Hewlett Packard Enterprise from $27.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and an average target price of $27.41.

Hewlett Packard Enterprise Stock Down 3.1%

Shares of Hewlett Packard Enterprise stock opened at $33.08 on Friday. Hewlett Packard Enterprise Company has a one year low of $17.02 and a one year high of $34.69. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.03 and a quick ratio of 0.75. The stock’s 50-day moving average is $25.72 and its 200 day moving average is $23.75. The firm has a market cap of $43.89 billion, a price-to-earnings ratio of -174.08, a PEG ratio of 0.85 and a beta of 1.28.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Monday, March 9th. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. Hewlett Packard Enterprise had a positive return on equity of 9.93% and a negative net margin of 0.41%.The company had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.31 billion. During the same quarter in the prior year, the company earned $0.49 EPS. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.300-2.500 EPS and its Q2 2026 guidance at 0.510-0.550 EPS. Equities research analysts anticipate that Hewlett Packard Enterprise Company will post 1.96 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th were issued a $0.1425 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.57 annualized dividend and a yield of 1.7%. Hewlett Packard Enterprise’s dividend payout ratio is presently -300.00%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, EVP Fidelma Russo sold 34,001 shares of the stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $25.08, for a total value of $852,745.08. Following the transaction, the executive vice president owned 17,001 shares in the company, valued at approximately $426,385.08. This represents a 66.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Marie Myers sold 93,583 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $30.01, for a total value of $2,808,425.83. Following the completion of the transaction, the chief financial officer owned 204,754 shares in the company, valued at approximately $6,144,667.54. The trade was a 31.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 702,402 shares of company stock valued at $18,440,171. 0.44% of the stock is currently owned by corporate insiders.

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.