Knights of Columbus Asset Advisors LLC Sells 31,238 Shares of Hewlett Packard Enterprise Company $HPE

Knights of Columbus Asset Advisors LLC reduced its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 41.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,391 shares of the technology company’s stock after selling 31,238 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $2,836,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HPE. Triumph Capital Management boosted its stake in shares of Hewlett Packard Enterprise by 208.6% in the third quarter. Triumph Capital Management now owns 466 shares of the technology company’s stock valued at $30,000 after buying an additional 315 shares in the last quarter. Ramsey Quantitative Systems acquired a new position in Hewlett Packard Enterprise during the third quarter worth $31,000. Latitude Advisors LLC acquired a new position in Hewlett Packard Enterprise during the third quarter worth $37,000. Delos Wealth Advisors LLC purchased a new position in Hewlett Packard Enterprise in the second quarter worth $27,000. Finally, Pension & Wealth Management Advisors Inc. purchased a new position in Hewlett Packard Enterprise in the third quarter worth $40,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $50.33 on Thursday. The business has a 50 day moving average price of $59.00 and a 200 day moving average price of $41.80. The company has a market capitalization of $66.81 billion, a P/E ratio of 26.21, a PEG ratio of 0.31 and a beta of 1.46. Hewlett Packard Enterprise Company has a 1-year low of $19.84 and a 1-year high of $73.56. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.11 and a quick ratio of 0.72.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Wednesday, September 2nd. The technology company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.18. The company had revenue of $12.21 billion for the quarter, compared to the consensus estimate of $11.97 billion. Hewlett Packard Enterprise had a return on equity of 15.50% and a net margin of 6.60%. Hewlett Packard Enterprise’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 earnings per share. Hewlett Packard Enterprise has set its Q4 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 3.750-3.850 EPS. Sell-side analysts expect that Hewlett Packard Enterprise Company will post 3.35 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, September 17th were given a $0.1425 dividend. The ex-dividend date was Thursday, September 17th. This represents a $0.57 annualized dividend and a dividend yield of 1.1%. Hewlett Packard Enterprise’s payout ratio is currently 29.69%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 250,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $68.31, for a total transaction of $17,077,500.00. Following the completion of the transaction, the chief executive officer owned 1,182,393 shares in the company, valued at approximately $80,769,265.83. The trade was a 17.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rami Rahim sold 34,443 shares of the company’s stock in a transaction dated Wednesday, October 21st. The shares were sold at an average price of $58.04, for a total transaction of $1,999,071.72. Following the completion of the sale, the executive vice president directly owned 840,690 shares in the company, valued at $48,793,647.60. This trade represents a 3.94% 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. Insiders have sold 585,899 shares of company stock worth $37,270,329 in the last three months. Corporate insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

HPE has been the topic of several research analyst reports. Deutsche Bank assumed coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, September 1st. They set a “buy” rating and a $62.00 target price on the stock. Truist Financial reiterated a “buy” rating and issued a $75.00 price target (up from $70.00) on shares of Hewlett Packard Enterprise in a report on Thursday, October 1st. Argus reiterated a “buy” rating and issued a $70.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, September 4th. Wells Fargo & Company raised their price objective on shares of Hewlett Packard Enterprise from $54.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, October 1st. Finally, Loop Capital decreased their price objective on shares of Hewlett Packard Enterprise from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Tuesday, September 8th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.44.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise (HPE) is a global information technology company that provides products and services for businesses, governments and other organizations. Its offerings span servers and computing systems, data storage, networking, hybrid cloud, artificial intelligence and edge computing. HPE sells systems such as HPE ProLiant servers and HPE Alletra storage, along with networking products through HPE Aruba Networking. Its HPE GreenLake platform provides cloud and IT services through a flexible, consumption-based model.