JTC Employer Solutions Trustee Ltd Makes New $1.24 Million Investment in Hewlett Packard Enterprise Company $HPE

JTC Employer Solutions Trustee Ltd purchased a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 56,577 shares of the technology company’s stock, valued at approximately $1,237,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Hewlett Packard Enterprise by 24.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 215,593 shares of the technology company’s stock worth $5,179,000 after acquiring an additional 41,896 shares in the last quarter. Viking Fund Management LLC lifted its stake in shares of Hewlett Packard Enterprise by 22.5% in the fourth quarter. Viking Fund Management LLC now owns 490,000 shares of the technology company’s stock worth $11,770,000 after acquiring an additional 90,000 shares in the last quarter. Freemont Management S.A. lifted its stake in shares of Hewlett Packard Enterprise by 197.1% in the fourth quarter. Freemont Management S.A. now owns 217,200 shares of the technology company’s stock worth $5,217,000 after acquiring an additional 144,100 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Hewlett Packard Enterprise by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company’s stock worth $4,156,870,000 after acquiring an additional 1,917,719 shares in the last quarter. Finally, Merit Financial Group LLC lifted its stake in shares of Hewlett Packard Enterprise by 133.8% in the fourth quarter. Merit Financial Group LLC now owns 96,825 shares of the technology company’s stock worth $2,326,000 after acquiring an additional 55,410 shares in the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on HPE. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, March 25th. Bank of America boosted their price objective on Hewlett Packard Enterprise from $29.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, March 10th. Morgan Stanley boosted their price objective on Hewlett Packard Enterprise from $25.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, May 21st. Wall Street Zen raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Monday. Finally, Citigroup boosted their price objective on Hewlett Packard Enterprise from $27.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.88.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, EVP Fidelma Russo sold 17,001 shares of the stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $27.97, for a total transaction of $475,517.97. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Neil B. Macdonald sold 24,251 shares of the stock in a transaction on Monday, April 20th. The stock was sold at an average price of $27.01, for a total transaction of $655,019.51. Following the transaction, the executive vice president directly owned 32,243 shares in the company, valued at $870,883.43. The trade was a 42.93% decrease in their ownership of the stock. 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 three months, insiders have sold 702,402 shares of company stock valued at $18,440,171. 0.44% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $38.24 on Friday. Hewlett Packard Enterprise Company has a 12-month low of $17.02 and a 12-month high of $38.58. The firm has a market capitalization of $50.74 billion, a price-to-earnings ratio of -201.27, a price-to-earnings-growth ratio of 0.95 and a beta of 1.28. The business has a 50 day simple moving average of $28.29 and a 200 day simple moving average of $24.49. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.03 and a quick ratio of 0.75.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Monday, March 9th. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $9.30 billion during the quarter, compared to analyst estimates 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 firm’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period last year, the company posted $0.49 EPS. 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. On average, equities research analysts anticipate that Hewlett Packard Enterprise Company will post 1.97 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Tuesday, March 24th were issued a $0.1425 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.5%. Hewlett Packard Enterprise’s dividend payout ratio is presently -300.00%.

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.