Steadtrust LLC Purchases Shares of 24,660 Hewlett Packard Enterprise Company $HPE

Steadtrust LLC purchased a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,660 shares of the technology company’s stock, valued at approximately $592,000.

A number of other hedge funds also recently bought and sold shares of the company. Viking Fund Management LLC increased its stake in Hewlett Packard Enterprise by 22.5% during the fourth quarter. Viking Fund Management LLC now owns 490,000 shares of the technology company’s stock valued at $11,770,000 after acquiring an additional 90,000 shares during the period. Mcintyre Freedman & Flynn Investment Advisers Inc. increased its stake in Hewlett Packard Enterprise by 743.7% during the second quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 153,975 shares of the technology company’s stock valued at $3,149,000 after acquiring an additional 135,725 shares during the period. Caxton Associates LLP increased its stake in Hewlett Packard Enterprise by 106.8% during the second quarter. Caxton Associates LLP now owns 179,024 shares of the technology company’s stock valued at $3,661,000 after acquiring an additional 92,438 shares during the period. Knights of Columbus Asset Advisors LLC increased its stake in Hewlett Packard Enterprise by 118.8% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 145,232 shares of the technology company’s stock valued at $3,567,000 after acquiring an additional 78,859 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in Hewlett Packard Enterprise by 12.1% during the third quarter. Advisors Asset Management Inc. now owns 558,702 shares of the technology company’s stock valued at $13,722,000 after acquiring an additional 60,353 shares during the period. 80.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HPE. Wall Street Zen upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Truist Financial began coverage on Hewlett Packard Enterprise in a research note on Tuesday, March 31st. They set a “buy” rating and a $31.00 price target on the stock. Bank of America boosted their price target on Hewlett Packard Enterprise from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, March 10th. The Goldman Sachs Group assumed coverage on Hewlett Packard Enterprise in a research note on Tuesday, January 13th. They set a “buy” rating and a $31.00 price target on the stock. Finally, Argus increased their price target on shares of Hewlett Packard Enterprise from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $26.76.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $24.61 on Wednesday. Hewlett Packard Enterprise Company has a 12-month low of $12.15 and a 12-month high of $26.44. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $32.65 billion, a PE ratio of -129.52, a price-to-earnings-growth ratio of 0.63 and a beta of 1.20. The firm has a 50-day moving average price of $22.42 and a 200 day moving average price of $23.00.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Monday, March 9th. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.06. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. The firm had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.31 billion. During the same quarter in the prior year, the business posted $0.49 earnings per share. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. 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. Research analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 23rd. Investors of record on Tuesday, March 24th will be given a $0.1425 dividend. This represents a $0.57 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, March 24th. Hewlett Packard Enterprise’s dividend payout ratio is -300.00%.

Insider Transactions at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 264,432 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $25.18, for a total transaction of $6,658,397.76. Following the completion of the sale, the chief executive officer owned 1,837,329 shares of the company’s stock, valued at approximately $46,263,944.22. This trade represents a 12.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Fidelma Russo sold 34,001 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $25.08, for a total transaction of $852,745.08. Following the sale, the executive vice president directly owned 17,001 shares of the company’s stock, valued at approximately $426,385.08. The trade was a 66.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 411,085 shares of company stock valued at $10,337,582. Corporate insiders own 0.44% of the company’s stock.

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.