BI Asset Management Fondsmaeglerselskab A S Reduces Stock Position in Hewlett Packard Enterprise Company $HPE

BI Asset Management Fondsmaeglerselskab A S decreased its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 12.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 311,650 shares of the technology company’s stock after selling 42,854 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Hewlett Packard Enterprise were worth $7,654,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Hantz Financial Services Inc. raised its holdings in Hewlett Packard Enterprise by 189.0% during the third quarter. Hantz Financial Services Inc. now owns 4,655 shares of the technology company’s stock worth $114,000 after purchasing an additional 3,044 shares during the last quarter. Cherry Creek Investment Advisors Inc. increased its position in shares of Hewlett Packard Enterprise by 7.1% in the third quarter. Cherry Creek Investment Advisors Inc. now owns 20,769 shares of the technology company’s stock valued at $510,000 after buying an additional 1,369 shares in the last quarter. Penserra Capital Management LLC raised its stake in shares of Hewlett Packard Enterprise by 44.3% during the 3rd quarter. Penserra Capital Management LLC now owns 1,580,922 shares of the technology company’s stock worth $38,825,000 after buying an additional 485,547 shares during the last quarter. Peterson Wealth Services boosted its position in shares of Hewlett Packard Enterprise by 73.0% in the 3rd quarter. Peterson Wealth Services now owns 15,768 shares of the technology company’s stock worth $387,000 after buying an additional 6,652 shares in the last quarter. Finally, Atlantic Union Bankshares Corp grew its stake in Hewlett Packard Enterprise by 1,046.2% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 5,949 shares of the technology company’s stock valued at $146,000 after acquiring an additional 5,430 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Maeve C. Culloty sold 35,958 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $24.66, for a total transaction of $886,724.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Fidelma Russo sold 126,512 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $24.61, for a total transaction of $3,113,460.32. Following the transaction, the executive vice president directly owned 51,002 shares in the company, valued at approximately $1,255,159.22. This represents a 71.27% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 585,537 shares of company stock valued at $14,255,864. 0.36% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Trading Down 2.3%

Shares of HPE opened at $22.71 on Friday. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $26.44. The company has a market capitalization of $30.30 billion, a PE ratio of -378.35, a price-to-earnings-growth ratio of 0.64 and a beta of 1.33. The stock has a fifty day moving average of $22.94 and a two-hundred day moving average of $22.89. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.01.

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

Hewlett Packard Enterprise Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, December 19th were issued a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, December 19th. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. Hewlett Packard Enterprise’s payout ratio is currently -950.00%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HPE. 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. Piper Sandler began coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 22nd. They set a “neutral” rating and a $24.00 price objective for the company. Barclays upped their target price on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Morgan Stanley reissued an “equal weight” rating and set a $25.00 price target (down previously from $28.00) on shares of Hewlett Packard Enterprise in a research report on Monday, November 17th. Finally, Argus upped 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. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus target price of $25.53.

Hewlett Packard Enterprise Company 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.