Bridgefront Capital LLC Has $1.15 Million Position in Hewlett Packard Enterprise Company $HPE

Bridgefront Capital LLC lifted its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 218.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,982 shares of the technology company’s stock after acquiring an additional 32,219 shares during the period. Bridgefront Capital LLC’s holdings in Hewlett Packard Enterprise were worth $1,154,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in HPE. TFC Financial Management Inc. raised its position in Hewlett Packard Enterprise by 2,694.4% during the third quarter. TFC Financial Management Inc. now owns 1,006 shares of the technology company’s stock valued at $25,000 after purchasing an additional 970 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Hewlett Packard Enterprise by 176.7% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company’s stock valued at $26,000 after purchasing an additional 666 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at $26,000. Chilton Capital Management LLC acquired a new position in shares of Hewlett Packard Enterprise during the 3rd quarter worth $30,000. Finally, Clearstead Trust LLC raised its holdings in shares of Hewlett Packard Enterprise by 93.8% during the 3rd quarter. Clearstead Trust LLC now owns 1,291 shares of the technology company’s stock worth $32,000 after buying an additional 625 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Activity at Hewlett Packard Enterprise

In related news, CEO Antonio F. Neri sold 26,457 shares of the stock in a transaction on Monday, December 29th. The stock was sold at an average price of $24.49, for a total value of $647,931.93. Following the completion of the sale, the chief executive officer directly owned 2,101,761 shares in the company, valued at $51,472,126.89. This represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Kirt P. Karros sold 36,460 shares of the firm’s stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $24.61, for a total value of $897,280.60. Following the transaction, the senior vice president directly owned 18,785 shares of the company’s stock, valued at approximately $462,298.85. This represents a 66.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.44% of the stock is owned by company insiders.

Hewlett Packard Enterprise Trading Up 0.1%

Shares of HPE stock opened at $21.60 on Friday. Hewlett Packard Enterprise Company has a twelve month low of $11.97 and a twelve month high of $26.44. The stock’s fifty day simple moving average is $21.91 and its 200 day simple moving average is $23.05. The company has a quick ratio of 0.76, a current ratio of 1.03 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $28.70 billion, a P/E ratio of -113.66, a P/E/G ratio of 0.56 and a beta of 1.31.

Hewlett Packard Enterprise (NYSE:HPE) last posted its 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 firm had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.31 billion. During the same period last year, the company earned $0.49 earnings per share. The business’s quarterly revenue was up 18.4% on a year-over-year basis. 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. As a group, sell-side analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 23rd. Investors of record on Tuesday, March 24th will be issued a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, March 24th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is -300.00%.

Wall Street Analysts Forecast Growth

HPE has been the topic of several research analyst reports. Morgan Stanley raised their price objective on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 10th. Citigroup boosted their target price on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday. Bank of America increased their target price on shares of 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 upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a 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 eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.50.

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.