Illinois Municipal Retirement Fund lifted its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE – Free Report) by 8.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 372,749 shares of the technology company’s stock after purchasing an additional 27,875 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Hewlett Packard Enterprise were worth $23,815,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brooklyn FI LLC acquired a new position in Hewlett Packard Enterprise in the third quarter valued at about $305,000. Mesirow Financial Investment Management Inc. increased its position in shares of Hewlett Packard Enterprise by 18.2% during the third quarter. Mesirow Financial Investment Management Inc. now owns 7,261 shares of the technology company’s stock valued at $464,000 after acquiring an additional 1,119 shares during the last quarter. Stolz & Associates PS acquired a new stake in shares of Hewlett Packard Enterprise during the third quarter valued at about $1,485,000. Lido Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 36.2% in the 3rd quarter. Lido Advisors LLC now owns 114,683 shares of the technology company’s stock valued at $7,327,000 after acquiring an additional 30,451 shares during the period. Finally, Keybank National Association OH raised its stake in shares of Hewlett Packard Enterprise by 6.1% in the 3rd quarter. Keybank National Association OH now owns 35,707 shares of the technology company’s stock valued at $2,281,000 after acquiring an additional 2,061 shares during the period. 80.78% of the stock is owned by institutional investors and hedge funds.
Hewlett Packard Enterprise Stock Up 0.8%
Shares of HPE opened at $47.90 on Wednesday. The stock has a market capitalization of $63.59 billion, a PE ratio of 24.95, a P/E/G ratio of 0.31 and a beta of 1.46. Hewlett Packard Enterprise Company has a 1 year low of $19.84 and a 1 year high of $73.56. 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’s 50-day simple moving average is $59.01 and its 200-day simple moving average is $41.65.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The technology company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.93 by $0.18. The business had revenue of $12.21 billion during the quarter, compared to analyst estimates of $11.97 billion. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The business’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 earnings per share. 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. Analysts forecast that Hewlett Packard Enterprise Company will post 3.35 earnings per share for the current fiscal year.
Hewlett Packard Enterprise Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, September 17th were given a $0.1425 dividend. This represents a $0.57 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, September 17th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 29.69%.
Analyst Ratings Changes
HPE has been the topic of several recent analyst reports. Loop Capital decreased their price objective on shares of Hewlett Packard Enterprise from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Tuesday, September 8th. Wells Fargo & Company lifted their target price on shares of Hewlett Packard Enterprise from $54.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, October 1st. Citigroup boosted their target price on Hewlett Packard Enterprise from $76.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 1st. Raymond James Financial upped their price target on Hewlett Packard Enterprise from $74.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, September 3rd. Finally, Daiwa Securities Group upgraded Hewlett Packard Enterprise from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $65.00 to $75.00 in a research report on Friday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $65.44.
Read Our Latest Stock Analysis on HPE
Hewlett Packard Enterprise News Summary
Here are the key news stories impacting Hewlett Packard Enterprise this week:
- Positive Sentiment: The Royal Australasian College of Surgeons moved its remaining on-premises workloads to HPE Private Cloud, managed through GreenLake. The organization targets AU$2.1 million in savings, providing a customer win that may support HPE’s cloud-services growth. Royal Australasian College of Surgeons Selects Hewlett Packard Enterprise for Private Cloud Transformation
- Positive Sentiment: Recent Zacks commentary describes HPE as attractively valued, citing potential from AI infrastructure, networking growth and GreenLake adoption. Another Zacks article also includes HPE among undervalued stocks with earnings-growth prospects, which could appeal to investors looking for opportunities in a market rally. Should You Buy, Sell or Hold HPE Stock at a P/E Multiple of 10.08X?
- Neutral Sentiment: A recent market analysis noted that HPE and Dell had surrendered a substantial portion of their AI-driven gains, leaving investors focused on whether upcoming earnings can support a recovery. Dell and HPE Were AI Winners Until the Selloff. Can Earnings Put Them Back on Track?
- Negative Sentiment: Shares of AI-server companies came under pressure as NVIDIA’s decline weighed on the hardware sector. The report cited HPE among the stocks pulled lower, highlighting its exposure to sentiment around AI infrastructure spending. NVIDIA’s Slide Drags AI Server Stocks
Insider Buying and Selling at Hewlett Packard Enterprise
In other news, CEO Antonio F. Neri sold 250,000 shares of the company’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $60.44, for a total transaction of $15,110,000.00. Following the sale, the chief executive officer owned 1,432,393 shares of the company’s stock, valued at approximately $86,573,832.92. This represents a 14.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rami Rahim sold 34,456 shares of the stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $61.42, for a total value of $2,116,287.52. Following the completion of the sale, the executive vice president owned 875,133 shares in the company, valued at approximately $53,750,668.86. The trade was a 3.79% decrease in their ownership of the stock. 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. Insiders sold 585,899 shares of company stock valued at $37,270,329 in the last 90 days. Company insiders own 0.44% of the company’s stock.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise (HPE) is a global information technology company that provides products and services for businesses, governments and other organizations. Its offerings span servers and computing systems, data storage, networking, hybrid cloud, artificial intelligence and edge computing. HPE sells systems such as HPE ProLiant servers and HPE Alletra storage, along with networking products through HPE Aruba Networking. Its HPE GreenLake platform provides cloud and IT services through a flexible, consumption-based model.
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