Renaissance Technologies LLC Has $85.34 Million Stock Position in Hewlett Packard Enterprise Company $HPE

Renaissance Technologies LLC cut its position in Hewlett Packard Enterprise Company (NYSE:HPEFree Report) by 8.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,584,342 shares of the technology company’s stock after selling 314,658 shares during the quarter. Renaissance Technologies LLC’s holdings in Hewlett Packard Enterprise were worth $85,343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of HPE. Headlands Technologies LLC bought a new stake in Hewlett Packard Enterprise during the second quarter valued at about $26,000. SJS Investment Consulting Inc. grew its position in shares of Hewlett Packard Enterprise by 159.5% in the first quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock valued at $28,000 after purchasing an additional 716 shares during the last quarter. Union Savings Bank bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth about $30,000. Reflection Asset Management acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth about $31,000. Finally, Thompson Investment Management Inc. acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth about $34,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Down 0.0%

Shares of HPE stock opened at $47.64 on Friday. Hewlett Packard Enterprise Company has a 52-week low of $19.64 and a 52-week high of $64.25. The stock has a market cap of $63.08 billion, a price-to-earnings ratio of 44.52, a P/E/G ratio of 0.52 and a beta of 1.42. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.75 and a current ratio of 1.09. The firm has a fifty day moving average of $45.12 and a 200-day moving average of $31.38.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last issued its earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.25. The business had revenue of $10.68 billion for the quarter, compared to analyst estimates of $9.78 billion. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The firm’s revenue was up 40.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.82) EPS. Hewlett Packard Enterprise has set its FY 2026 guidance at 3.350-3.450 EPS and its Q3 2026 guidance at 0.880-0.930 EPS. On average, equities research analysts forecast that Hewlett Packard Enterprise Company will post 2.88 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th were issued a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 16th. Hewlett Packard Enterprise’s payout ratio is presently 53.27%.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,482 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $29.10, for a total transaction of $188,626.20. Following the completion of the transaction, the director owned 8,018 shares in the company, valued at $233,323.80. This trade represents a 44.70% decrease in their position. The transaction was disclosed in a filing 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. Also, CFO Marie Myers sold 93,583 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $30.01, for a total value of $2,808,425.83. Following the completion of the sale, the chief financial officer directly owned 204,754 shares in the company, valued at approximately $6,144,667.54. This represents a 31.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 118,850 shares of company stock valued at $3,908,125. 0.44% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

HPE has been the topic of a number of research analyst reports. Susquehanna raised their target price on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. UBS Group upped their price target on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. Truist Financial reissued a “buy” rating and issued a $69.00 price objective (up from $31.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, June 2nd. The Goldman Sachs Group raised their price objective on shares of Hewlett Packard Enterprise from $32.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Finally, Raymond James Financial boosted their target price on shares of Hewlett Packard Enterprise from $29.00 to $74.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and an average target price of $67.31.

Check Out Our Latest Stock Analysis on HPE

Hewlett Packard Enterprise Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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