Allstate Corp Buys Shares of 48,745 Hewlett Packard Enterprise Company $HPE

Allstate Corp purchased a new stake in Hewlett Packard Enterprise Company (NYSE:HPE) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 48,745 shares of the technology company’s stock, valued at approximately $1,197,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Empowered Funds LLC grew its stake in Hewlett Packard Enterprise by 317.3% in the 1st quarter. Empowered Funds LLC now owns 149,810 shares of the technology company’s stock valued at $2,312,000 after acquiring an additional 113,906 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Hewlett Packard Enterprise by 44.7% during the first quarter. Geneos Wealth Management Inc. now owns 4,456 shares of the technology company’s stock worth $69,000 after acquiring an additional 1,377 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Hewlett Packard Enterprise by 16.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 205,136 shares of the technology company’s stock valued at $4,378,000 after purchasing an additional 29,213 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at approximately $952,000. Finally, GAMMA Investing LLC grew its position in shares of Hewlett Packard Enterprise by 39.8% in the second quarter. GAMMA Investing LLC now owns 24,835 shares of the technology company’s stock valued at $508,000 after purchasing an additional 7,075 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on HPE shares. Piper Sandler started coverage on Hewlett Packard Enterprise in a research report on Wednesday, October 22nd. They set a “neutral” rating and a $24.00 price objective for the company. Citigroup raised their price target on Hewlett Packard Enterprise from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a report on Friday, December 26th. UBS Group upped their price objective on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Finally, Argus increased their price objective on Hewlett Packard Enterprise from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $25.53.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 13,463 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $24.68, for a total value of $332,266.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kirt P. Karros sold 36,460 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $24.61, for a total value of $897,280.60. Following the sale, the senior vice president directly owned 18,785 shares in the company, valued at approximately $462,298.85. This represents a 66.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 585,537 shares of company stock valued at $14,255,864 over the last 90 days. Corporate insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Trading Up 3.1%

NYSE:HPE opened at $21.03 on Thursday. The business’s 50-day moving average is $22.82 and its two-hundred day moving average is $22.82. The firm has a market capitalization of $28.07 billion, a PE ratio of -350.44, a price-to-earnings-growth ratio of 0.56 and a beta of 1.32. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.01 and a quick ratio of 0.76. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Thursday, December 4th. The technology company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.59 by $0.03. The company had revenue of $9.68 billion during the quarter, compared to analysts’ expectations of $9.91 billion. Hewlett Packard Enterprise had a return on equity of 9.15% and a net margin of 0.17%.The business’s revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 EPS. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.250-2.450 EPS and its Q1 2026 guidance at 0.570-0.610 EPS. Research analysts predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, December 19th were paid a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 2.7%. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, December 19th. Hewlett Packard Enterprise’s payout ratio is -950.00%.

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.