National Pension Service trimmed its holdings in Hewlett Packard Enterprise Company (NYSE:HPE – Free Report) by 6.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,442,519 shares of the technology company’s stock after selling 221,930 shares during the period. National Pension Service’s holdings in Hewlett Packard Enterprise were worth $155,292,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the business. California State Teachers Retirement System grew its stake in shares of Hewlett Packard Enterprise by 4,299.0% in the second quarter. California State Teachers Retirement System now owns 92,484,612 shares of the technology company’s stock worth $4,171,981,000 after acquiring an additional 90,382,225 shares during the period. Capital World Investors purchased a new stake in Hewlett Packard Enterprise in the fourth quarter worth approximately $901,751,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Hewlett Packard Enterprise in the second quarter worth approximately $1,027,139,000. Primecap Management Co. CA bought a new stake in Hewlett Packard Enterprise in the 2nd quarter worth approximately $773,225,000. Finally, Legal & General Group Plc purchased a new stake in Hewlett Packard Enterprise during the 2nd quarter valued at $512,721,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.
Analyst Ratings Changes
HPE has been the topic of several research analyst reports. Raymond James Financial increased their price target on Hewlett Packard Enterprise from $74.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, September 3rd. Loop Capital raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $23.00 to $75.00 in a report on Tuesday, June 2nd. Zacks Research upgraded Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 4th. Wall Street Zen raised Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 30th. Finally, Truist Financial boosted their price target on Hewlett Packard Enterprise from $69.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.44.
Insider Transactions at Hewlett Packard Enterprise
In other Hewlett Packard Enterprise news, SVP Kirt Karros sold 18,785 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $48.50, for a total transaction of $911,072.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.44% of the company’s stock.
Hewlett Packard Enterprise Price Performance
NYSE HPE opened at $55.23 on Friday. The business’s fifty day moving average is $50.90 and its 200 day moving average is $38.85. Hewlett Packard Enterprise Company has a fifty-two week low of $19.84 and a fifty-two week high of $64.25. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.72 and a current ratio of 1.11. The company has a market capitalization of $73.32 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 0.54 and a beta of 1.43.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last issued its quarterly 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. Hewlett Packard Enterprise had a return on equity of 15.50% and a net margin of 6.60%.The business had revenue of $12.21 billion during the quarter, compared to analysts’ expectations of $11.97 billion. During the same quarter in the prior year, the business posted $0.44 earnings per share. The business’s quarterly revenue was up 33.7% on a year-over-year basis. 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 predict that Hewlett Packard Enterprise Company will post 3.27 earnings per share for the current year.
Hewlett Packard Enterprise Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, September 17th will be issued a $0.1425 dividend. This represents a $0.57 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, September 17th. Hewlett Packard Enterprise’s dividend payout ratio is currently 29.69%.
Hewlett Packard Enterprise Profile
Hewlett Packard Enterprise Company (NYSE:HPE) is a global technology company that provides information technology products, services and solutions for businesses and other organizations. Its offerings are designed to support data centers, cloud computing, artificial intelligence, networking and the management of distributed IT environments.
HPE’s portfolio includes enterprise servers, data storage systems, networking equipment, high-performance computing and software. Through its HPE GreenLake platform, the company also delivers cloud and as-a-service solutions that allow customers to access computing, storage, data protection and other IT capabilities through a flexible consumption model.
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