ProShare Advisors LLC lifted its stake in Hewlett Packard Enterprise Company (NYSE:HPE – Free Report) by 6.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 299,609 shares of the technology company’s stock after purchasing an additional 17,048 shares during the quarter. ProShare Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $7,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Hewlett Packard Enterprise by 24.1% in the fourth 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 fourth quarter. Viking Fund Management LLC now owns 490,000 shares of the technology company’s stock worth $11,770,000 after buying an additional 90,000 shares during the last quarter. Freemont Management S.A. increased its holdings in Hewlett Packard Enterprise by 197.1% in the fourth quarter. Freemont Management S.A. now owns 217,200 shares of the technology company’s stock worth $5,217,000 after buying an additional 144,100 shares during the last quarter. Vanguard Group Inc. increased its holdings in Hewlett Packard Enterprise by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company’s stock worth $4,156,870,000 after buying an additional 1,917,719 shares during the last quarter. Finally, Merit Financial Group LLC increased its holdings in Hewlett Packard Enterprise by 133.8% in the fourth quarter. Merit Financial Group LLC now owns 96,825 shares of the technology company’s stock worth $2,326,000 after buying an additional 55,410 shares during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
HPE has been the topic of a number of research reports. Raymond James Financial restated an “outperform” rating and issued a $29.00 price objective (down from $30.00) on shares of Hewlett Packard Enterprise in a report on Monday, April 13th. Bank of America increased their price objective on Hewlett Packard Enterprise from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. Wall Street Zen downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Citigroup increased their price objective on Hewlett Packard Enterprise from $27.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.88.
Insider Activity at Hewlett Packard Enterprise
In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,482 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $29.10, for a total transaction of $188,626.20. Following the transaction, the director owned 8,018 shares in the company, valued at $233,323.80. This trade represents a 44.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Antonio F. Neri sold 264,432 shares of the stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $25.18, for a total value of $6,658,397.76. Following the transaction, the chief executive officer owned 1,837,329 shares in the company, valued at approximately $46,263,944.22. This trade represents a 12.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 702,402 shares of company stock valued at $18,440,171. 0.44% of the stock is owned by company insiders.
Hewlett Packard Enterprise Trading Up 0.4%
Shares of HPE stock opened at $33.95 on Friday. Hewlett Packard Enterprise Company has a 12 month low of $17.02 and a 12 month high of $34.69. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average is $26.68 and its two-hundred day moving average is $24.00. The company has a market cap of $45.05 billion, a PE ratio of -178.68, a price-to-earnings-growth ratio of 0.87 and a beta of 1.28.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last announced its quarterly 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 the consensus estimate of $9.31 billion. During the same quarter last year, the company posted $0.49 earnings per share. The company’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 analysts predict that Hewlett Packard Enterprise Company will post 1.96 EPS for the current year.
Hewlett Packard Enterprise Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th were issued a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, March 24th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is -300.00%.
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.
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