Principal Financial Group Inc. Increases Stake in Hewlett Packard Enterprise Company $HPE

Principal Financial Group Inc. lifted its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 1.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,492,010 shares of the technology company’s stock after buying an additional 25,264 shares during the quarter. Principal Financial Group Inc.’s holdings in Hewlett Packard Enterprise were worth $35,525,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in HPE. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Hewlett Packard Enterprise by 24.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 215,593 shares of the technology company’s stock valued at $5,179,000 after buying an additional 41,896 shares during the last quarter. Viking Fund Management LLC lifted its stake in shares of Hewlett Packard Enterprise by 22.5% in the 4th 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 last quarter. Freemont Management S.A. lifted its stake in shares of Hewlett Packard Enterprise by 197.1% in the 4th quarter. Freemont Management S.A. now owns 217,200 shares of the technology company’s stock valued at $5,217,000 after acquiring an additional 144,100 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Hewlett Packard Enterprise by 60.2% during the 4th quarter. CIBC Asset Management Inc now owns 337,691 shares of the technology company’s stock valued at $8,111,000 after acquiring an additional 126,938 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Hewlett Packard Enterprise by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company’s stock valued at $4,156,870,000 after acquiring an additional 1,917,719 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,482 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $29.10, for a total value of $188,626.20. Following the completion of the transaction, the director directly owned 8,018 shares in the company, valued at approximately $233,323.80. This represents a 44.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Neil B. Macdonald sold 24,251 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $27.01, for a total transaction of $655,019.51. Following the completion of the sale, the executive vice president directly owned 32,243 shares of the company’s stock, valued at approximately $870,883.43. This represents a 42.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 160,102 shares of company stock valued at $5,038,662 over the last three months. Insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Zacks Research raised Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 10th. Bank of America increased their price objective on Hewlett Packard Enterprise from $38.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Piper Sandler restated a “neutral” rating and issued a $63.00 target price (up from $23.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. JPMorgan Chase & Co. lifted their target price on shares of Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Finally, Wells Fargo & Company upped their price target on shares of Hewlett Packard Enterprise from $26.00 to $67.00 and gave the company an “equal weight” rating in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.65.

Hewlett Packard Enterprise Stock Up 1.5%

Shares of NYSE:HPE opened at $45.81 on Friday. The stock’s 50-day moving average is $43.63 and its 200 day moving average is $30.58. The company has a market cap of $60.67 billion, a PE ratio of 42.82, a P/E/G ratio of 0.50 and a beta of 1.42. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75. Hewlett Packard Enterprise Company has a 1 year low of $19.64 and a 1 year high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.25. The business had revenue of $10.68 billion during the quarter, compared to analysts’ expectations of $9.78 billion. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The business’s revenue was up 40.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.82) EPS. Hewlett Packard Enterprise has set its FY 2026 guidance at 3.350-3.450 EPS and its Q3 2026 guidance at 0.880-0.930 EPS. Sell-side analysts anticipate that Hewlett Packard Enterprise Company will post 2.88 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th were paid a $0.1425 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.57 dividend on an annualized basis and a yield of 1.2%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 53.27%.

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.