Principal Financial Group Inc. Reduces Holdings in Hewlett Packard Enterprise Company $HPE

Principal Financial Group Inc. cut its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 3.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,484,657 shares of the technology company’s stock after selling 46,929 shares during the period. Principal Financial Group Inc. owned about 0.11% of Hewlett Packard Enterprise worth $36,463,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. TFC Financial Management Inc. boosted its stake in shares of Hewlett Packard Enterprise by 2,694.4% during the 3rd quarter. TFC Financial Management Inc. now owns 1,006 shares of the technology company’s stock valued at $25,000 after buying an additional 970 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Hewlett Packard Enterprise by 176.7% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company’s stock valued at $26,000 after acquiring an additional 666 shares in the last quarter. Chilton Capital Management LLC bought a new position in Hewlett Packard Enterprise during the 3rd quarter valued at $30,000. Headlands Technologies LLC acquired a new position in Hewlett Packard Enterprise during the 2nd quarter worth $26,000. Finally, CVA Family Office LLC increased its position in shares of Hewlett Packard Enterprise by 126.7% in the 2nd quarter. CVA Family Office LLC now owns 1,437 shares of the technology company’s stock worth $29,000 after purchasing an additional 803 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Activity

In other Hewlett Packard Enterprise news, EVP Fidelma Russo sold 126,512 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $24.61, for a total value of $3,113,460.32. Following the completion of the sale, the executive vice president directly owned 51,002 shares of the company’s stock, valued at approximately $1,255,159.22. This represents a 71.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeremy Cox sold 50,061 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $23.70, for a total transaction of $1,186,445.70. Following the sale, the senior vice president directly owned 26,905 shares of the company’s stock, valued at approximately $637,648.50. This represents a 65.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 585,537 shares of company stock worth $14,255,864 in the last quarter. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Piper Sandler began coverage on Hewlett Packard Enterprise in a report on Wednesday, October 22nd. They set a “neutral” rating and a $24.00 target price on the stock. UBS Group raised their price target on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Morgan Stanley reaffirmed an “equal weight” rating and set a $25.00 price objective (down previously from $28.00) on shares of Hewlett Packard Enterprise in a research report on Monday, November 17th. Zacks Research raised shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Finally, The Goldman Sachs Group initiated coverage on Hewlett Packard Enterprise in a report on Tuesday, January 13th. They set a “buy” rating and a $31.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $25.53.

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $22.71 on Friday. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $26.44. The stock’s fifty day moving average is $22.94 and its 200-day moving average is $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. The firm has a market capitalization of $30.30 billion, a price-to-earnings ratio of -378.35, a price-to-earnings-growth ratio of 0.64 and a beta of 1.33.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Thursday, December 4th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. The firm had revenue of $9.68 billion during the quarter, compared to analyst estimates of $9.91 billion. Hewlett Packard Enterprise had a net margin of 0.17% and a return on equity of 9.15%. Hewlett Packard Enterprise’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. Equities analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, December 19th were given a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 2.5%. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, December 19th. Hewlett Packard Enterprise’s payout ratio is currently -950.00%.

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.