Swiss Life Asset Management Ltd lifted its stake in Hewlett Packard Enterprise Company (NYSE:HPE – Free Report) by 11.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 282,247 shares of the technology company’s stock after acquiring an additional 29,776 shares during the period. Swiss Life Asset Management Ltd’s holdings in Hewlett Packard Enterprise were worth $6,780,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of HPE. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Hewlett Packard Enterprise by 24.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 215,593 shares of the technology company’s stock worth $5,179,000 after purchasing an additional 41,896 shares during the period. 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 valued at $11,770,000 after buying an additional 90,000 shares during the period. 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 valued at $4,156,870,000 after buying an additional 1,917,719 shares during the period. Merit Financial Group LLC grew its position in Hewlett Packard Enterprise by 133.8% during the fourth quarter. Merit Financial Group LLC now owns 96,825 shares of the technology company’s stock worth $2,326,000 after buying an additional 55,410 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC grew its position in Hewlett Packard Enterprise by 118.8% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 145,232 shares of the technology company’s stock worth $3,567,000 after buying an additional 78,859 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have commented on HPE shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $29.00 price target (down from $30.00) on shares of Hewlett Packard Enterprise in a report on Monday, April 13th. Truist Financial assumed coverage on Hewlett Packard Enterprise in a report on Tuesday, March 31st. They set a “buy” rating and a $31.00 price objective on the stock. Morgan Stanley upped their target price on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 10th. Wall Street Zen raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Citigroup lifted their price target on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.71.
Hewlett Packard Enterprise Stock Up 6.4%
Shares of HPE opened at $32.13 on Thursday. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.71. The company has a 50-day moving average price of $25.24 and a two-hundred day moving average price of $23.61. The stock has a market cap of $42.64 billion, a price-to-earnings ratio of -169.13, a P/E/G ratio of 0.78 and a beta of 1.28. Hewlett Packard Enterprise Company has a 12 month low of $17.02 and a 12 month high of $32.53.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last released its quarterly earnings data on Monday, March 9th. The technology company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.06. The company 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%.The company’s revenue was up 18.4% compared to the same quarter last year. During the same period in the prior 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. Equities analysts predict that Hewlett Packard Enterprise Company will post 1.96 EPS for the current fiscal year.
Hewlett Packard Enterprise Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th were issued a dividend of $0.1425 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.8%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently -300.00%.
Insider Buying and Selling
In related news, EVP Neil B. Macdonald sold 24,251 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $27.01, for a total transaction of $655,019.51. Following the completion of the transaction, the executive vice president directly owned 32,243 shares of the company’s stock, valued at $870,883.43. This trade represents a 42.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Marie Myers sold 93,583 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $30.01, for a total transaction of $2,808,425.83. Following the completion of the transaction, the chief financial officer owned 204,754 shares in the company, valued at approximately $6,144,667.54. This trade represents a 31.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 702,402 shares of company stock worth $18,440,171 in the last three months. Company insiders own 0.44% of the company’s stock.
About Hewlett Packard Enterprise
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.
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