Convergence Investment Partners LLC lowered its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE – Free Report) by 62.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 71,992 shares of the technology company’s stock after selling 121,330 shares during the period. Convergence Investment Partners LLC’s holdings in Hewlett Packard Enterprise were worth $1,729,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 176.7% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company’s stock valued at $26,000 after acquiring an additional 666 shares during the last quarter. Chilton Capital Management LLC bought a new position in shares of Hewlett Packard Enterprise during the third quarter valued at $30,000. Headlands Technologies LLC bought a new position in shares of Hewlett Packard Enterprise during the second quarter valued at $26,000. Clearstead Trust LLC raised its stake in shares of Hewlett Packard Enterprise by 93.8% during the third quarter. Clearstead Trust LLC now owns 1,291 shares of the technology company’s stock valued at $32,000 after acquiring an additional 625 shares during the last quarter. Finally, Thompson Investment Management Inc. bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at $34,000. Institutional investors own 80.78% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on HPE. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, March 25th. Truist Financial assumed coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, March 31st. They set a “buy” rating and a $31.00 price objective for the company. Morgan Stanley increased their price objective on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 10th. Citigroup increased their price objective on shares of Hewlett Packard Enterprise from $27.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Raymond James Financial reiterated an “outperform” rating and set a $29.00 price objective (down from $30.00) on shares of Hewlett Packard Enterprise in a research report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and an average target price of $27.41.
Insiders Place Their Bets
In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,482 shares of the firm’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 sale, the director directly owned 8,018 shares in the company, valued at approximately $233,323.80. This trade represents a 44.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 on 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 owned 32,243 shares of the company’s stock, valued at $870,883.43. The trade was a 42.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 702,402 shares of company stock valued at $18,440,171. 0.44% of the stock is currently owned by corporate insiders.
Hewlett Packard Enterprise Trading Down 3.1%
NYSE:HPE opened at $33.08 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $43.89 billion, a price-to-earnings ratio of -174.08, a PEG ratio of 0.88 and a beta of 1.28. The firm has a fifty day simple moving average of $25.72 and a two-hundred day simple moving average of $23.75. Hewlett Packard Enterprise Company has a 12 month low of $17.02 and a 12 month high of $34.69.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last posted its quarterly earnings results on Monday, March 9th. The technology company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The business had revenue of $9.30 billion during the quarter, compared to analysts’ expectations of $9.31 billion. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. The business’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period last year, the company posted $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. Analysts expect that Hewlett Packard Enterprise Company will post 1.96 EPS for the current fiscal year.
Hewlett Packard Enterprise Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th were issued a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, March 24th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently -300.00%.
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.
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