Hewlett Packard Enterprise (NYSE:HPE) EVP Neil Macdonald Sells 24,251 Shares

Hewlett Packard Enterprise Company (NYSE:HPE) EVP Neil 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 value of $655,019.51. Following the sale, the executive vice president directly owned 32,243 shares in the company, valued at approximately $870,883.43. This trade represents a 42.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock traded up $0.97 during midday trading on Tuesday, hitting $28.78. 22,865,006 shares of the company were exchanged, compared to its average volume of 18,065,775. The firm has a market capitalization of $38.18 billion, a PE ratio of -151.45, a price-to-earnings-growth ratio of 0.68 and a beta of 1.20. Hewlett Packard Enterprise Company has a fifty-two week low of $14.91 and a fifty-two week high of $29.63. The business has a fifty day simple moving average of $22.95 and a two-hundred day simple moving average of $23.06. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.75 and a current ratio of 1.03.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Monday, March 9th. The technology company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.59 by $0.06. The firm had revenue of $9.30 billion for 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%.Hewlett Packard Enterprise’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period last year, the company earned $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. On average, sell-side analysts forecast that Hewlett Packard Enterprise Company will post 1.96 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Investors of record on Tuesday, March 24th will be issued a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, March 24th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is -300.00%.

Analyst Upgrades and Downgrades

HPE has been the topic of a number of 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 target on the stock. Wall Street Zen upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Citigroup increased their price target on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Bank of America increased their price target on Hewlett Packard Enterprise from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.71.

Hedge Funds Weigh In On Hewlett Packard Enterprise

A number of hedge funds have recently bought and sold shares of the business. Louisiana State Employees Retirement System purchased a new position in Hewlett Packard Enterprise during the first quarter worth approximately $1,612,000. Kestra Private Wealth Services LLC lifted its position in shares of Hewlett Packard Enterprise by 7.0% in the first quarter. Kestra Private Wealth Services LLC now owns 59,964 shares of the technology company’s stock valued at $1,428,000 after acquiring an additional 3,932 shares in the last quarter. Aspen Capital Management LLC lifted its position in shares of Hewlett Packard Enterprise by 4.8% in the first quarter. Aspen Capital Management LLC now owns 12,689 shares of the technology company’s stock valued at $302,000 after acquiring an additional 579 shares in the last quarter. OP Asset Management Ltd purchased a new position in shares of Hewlett Packard Enterprise in the first quarter valued at approximately $3,119,000. Finally, Apella Capital LLC lifted its position in shares of Hewlett Packard Enterprise by 23.7% in the first quarter. Apella Capital LLC now owns 19,929 shares of the technology company’s stock valued at $527,000 after acquiring an additional 3,817 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

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.