Sequoia Financial Advisors LLC Purchases 22,511 Shares of Hewlett Packard Enterprise Company $HPE

Sequoia Financial Advisors LLC lifted its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 47.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,880 shares of the technology company’s stock after acquiring an additional 22,511 shares during the period. Sequoia Financial Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $1,679,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in HPE. Jericho Capital Asset Management L.P. bought a new stake in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $416,900,000. Holocene Advisors LP bought a new stake in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $144,468,000. Arrowstreet Capital Limited Partnership increased its position in shares of Hewlett Packard Enterprise by 475.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,551,715 shares of the technology company’s stock valued at $87,230,000 after acquiring an additional 2,933,972 shares in the last quarter. Ceredex Value Advisors LLC purchased a new stake in shares of Hewlett Packard Enterprise during the third quarter valued at $66,664,000. Finally, Analog Century Management LP purchased a new stake in shares of Hewlett Packard Enterprise during the third quarter valued at $61,449,000. Institutional investors own 80.78% of the company’s stock.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, EVP Fidelma Russo sold 34,001 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $25.08, for a total transaction of $852,745.08. Following the transaction, the executive vice president owned 17,001 shares in the company, valued at $426,385.08. This trade represents a 66.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Marie Myers sold 93,583 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $30.01, for a total transaction of $2,808,425.83. Following the transaction, the chief financial officer owned 204,754 shares in the company, valued at $6,144,667.54. This represents a 31.37% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 702,402 shares of company stock worth $18,440,171. Insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Trading Down 1.5%

Shares of NYSE:HPE opened at $30.88 on Tuesday. The stock has a market capitalization of $40.97 billion, a price-to-earnings ratio of -162.53, a PEG ratio of 0.81 and a beta of 1.28. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.75 and a current ratio of 1.03. The stock’s 50-day simple moving average is $24.87 and its two-hundred day simple moving average is $23.49. Hewlett Packard Enterprise Company has a 52-week low of $17.02 and a 52-week high of $31.64.

Hewlett Packard Enterprise (NYSE:HPE) last announced its 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. The business had revenue of $9.30 billion for the quarter, compared to analysts’ expectations of $9.31 billion. Hewlett Packard Enterprise had a positive return on equity of 9.93% and a negative net margin of 0.41%.The business’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period last year, the firm posted $0.49 earnings per share. 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. Analysts expect that Hewlett Packard Enterprise Company will post 1.96 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Tuesday, March 24th were paid a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Tuesday, March 24th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently -300.00%.

Analyst Ratings Changes

HPE has been the topic of several recent analyst reports. The Goldman Sachs Group initiated coverage on Hewlett Packard Enterprise in a research report on Tuesday, January 13th. They set a “buy” rating and a $31.00 price objective on the stock. Bank of America increased their price objective on Hewlett Packard Enterprise from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, March 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, March 25th. Truist Financial began coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, March 31st. They issued a “buy” rating and a $31.00 target price on the stock. Finally, Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.71.

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.