Nordea Investment Management AB Cuts Holdings in Hewlett Packard Enterprise Company $HPE

Nordea Investment Management AB cut its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 9.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,172,952 shares of the technology company’s stock after selling 772,819 shares during the quarter. Nordea Investment Management AB owned 0.54% of Hewlett Packard Enterprise worth $173,334,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Empowered Funds LLC grew its stake in shares of Hewlett Packard Enterprise by 317.3% during the 1st quarter. Empowered Funds LLC now owns 149,810 shares of the technology company’s stock worth $2,312,000 after purchasing an additional 113,906 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Hewlett Packard Enterprise by 44.7% in the first quarter. Geneos Wealth Management Inc. now owns 4,456 shares of the technology company’s stock valued at $69,000 after purchasing an additional 1,377 shares during the period. Parallel Advisors LLC boosted its holdings in Hewlett Packard Enterprise by 38.1% during the second quarter. Parallel Advisors LLC now owns 39,404 shares of the technology company’s stock worth $806,000 after buying an additional 10,871 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Hewlett Packard Enterprise by 37.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 7,792 shares of the technology company’s stock worth $159,000 after buying an additional 2,106 shares in the last quarter. Finally, Czech National Bank grew its position in Hewlett Packard Enterprise by 6.4% during the second quarter. Czech National Bank now owns 321,085 shares of the technology company’s stock worth $6,566,000 after buying an additional 19,415 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, EVP Maeve C. Culloty sold 35,958 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $24.66, for a total transaction of $886,724.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jeremy Cox sold 13,463 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $24.68, for a total transaction of $332,266.84. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 585,537 shares of company stock worth $14,255,864. 0.36% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $22.28 on Wednesday. The business’s 50-day moving average price is $23.07 and its 200 day moving average price is $22.81. The company has a current ratio of 1.01, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72. Hewlett Packard Enterprise Company has a twelve month low of $11.97 and a twelve month high of $26.44. The company has a market capitalization of $29.73 billion, a PE ratio of -371.19, a price-to-earnings-growth ratio of 0.61 and a beta of 1.32.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Thursday, December 4th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.03. The company had revenue of $9.68 billion during the quarter, compared to analysts’ expectations of $9.91 billion. Hewlett Packard Enterprise had a net margin of 0.17% and a return on equity of 9.15%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.58 EPS. 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, research analysts predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, December 19th will be paid a $0.1425 dividend. This represents a $0.57 annualized dividend and a dividend yield of 2.6%. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, December 19th. Hewlett Packard Enterprise’s payout ratio is currently -950.00%.

Analysts Set New Price Targets

Several brokerages have recently commented on HPE. Citigroup boosted their price target on Hewlett Packard Enterprise from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Sanford C. Bernstein initiated coverage on Hewlett Packard Enterprise in a report on Tuesday, September 16th. They set a “market perform” rating and a $24.00 price objective for the company. UBS Group boosted their target price on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Piper Sandler began coverage on Hewlett Packard Enterprise in a report on Wednesday, October 22nd. They issued a “neutral” rating and a $24.00 target price on the stock. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research report on Friday, December 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise has an average rating of “Hold” and an average price target of $25.53.

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.