Hewlett Packard Enterprise Company $HPE Shares Acquired by Candriam S.C.A.

Candriam S.C.A. raised its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 12.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 211,476 shares of the technology company’s stock after purchasing an additional 23,515 shares during the quarter. Candriam S.C.A.’s holdings in Hewlett Packard Enterprise were worth $13,561,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HPE. Triumph Capital Management lifted its position in shares of Hewlett Packard Enterprise by 208.6% during the 3rd quarter. Triumph Capital Management now owns 466 shares of the technology company’s stock valued at $30,000 after acquiring an additional 315 shares during the last quarter. Ramsey Quantitative Systems bought a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth $31,000. Latitude Advisors LLC acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter worth $37,000. Delos Wealth Advisors LLC acquired a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth $27,000. Finally, Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the third quarter worth $40,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on HPE shares. Bank of America upped their target price on Hewlett Packard Enterprise from $80.00 to $82.00 and gave the company a “buy” rating in a report on Monday, August 31st. Susquehanna dropped their price target on Hewlett Packard Enterprise from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, September 4th. Zacks Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 4th. Morgan Stanley raised their target price on shares of Hewlett Packard Enterprise from $67.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday, October 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Hewlett Packard Enterprise from $68.00 to $70.00 in a report on Tuesday, August 25th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.44.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $47.59 on Tuesday. The company’s fifty day moving average is $59.10 and its two-hundred day moving average is $41.52. The company has a market cap of $63.17 billion, a P/E ratio of 24.78, a price-to-earnings-growth ratio of 0.32 and a beta of 1.46. Hewlett Packard Enterprise Company has a 12-month low of $19.84 and a 12-month high of $73.56. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 0.65.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, September 2nd. The technology company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.93 by $0.18. Hewlett Packard Enterprise had a return on equity of 15.50% and a net margin of 6.60%. The business had revenue of $12.21 billion during the quarter, compared to analysts’ expectations of $11.97 billion. During the same quarter last year, the firm posted $0.44 earnings per share. Hewlett Packard Enterprise’s revenue was up 33.7% compared to the same quarter last year. Hewlett Packard Enterprise has set its Q4 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 3.750-3.850 EPS. Equities analysts expect that Hewlett Packard Enterprise Company will post 3.35 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, September 17th were paid a $0.1425 dividend. This represents a $0.57 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, September 17th. Hewlett Packard Enterprise’s dividend payout ratio is currently 29.69%.

Insiders Place Their Bets

In other news, CEO Antonio F. Neri sold 250,000 shares of the company’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $68.31, for a total value of $17,077,500.00. Following the transaction, the chief executive officer owned 1,182,393 shares in the company, valued at $80,769,265.83. This represents a 17.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rami Rahim sold 34,443 shares of the stock in a transaction that occurred on Wednesday, October 21st. The stock was sold at an average price of $58.04, for a total transaction of $1,999,071.72. Following the completion of the sale, the executive vice president directly owned 840,690 shares of the company’s stock, valued at $48,793,647.60. This trade represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 585,899 shares of company stock worth $37,270,329. 0.44% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise (HPE) is a global information technology company that provides products and services for businesses, governments and other organizations. Its offerings span servers and computing systems, data storage, networking, hybrid cloud, artificial intelligence and edge computing.

HPE sells systems such as HPE ProLiant servers and HPE Alletra storage, along with networking products through HPE Aruba Networking. Its HPE GreenLake platform provides cloud and IT services through a flexible, consumption-based model.