Hewlett Packard Enterprise Company $HPE Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC trimmed its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 35.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,453 shares of the technology company’s stock after selling 21,660 shares during the quarter. DAVENPORT & Co LLC’s holdings in Hewlett Packard Enterprise were worth $948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Bleakley Financial Group LLC raised its stake in Hewlett Packard Enterprise by 1.0% in the third quarter. Bleakley Financial Group LLC now owns 42,532 shares of the technology company’s stock valued at $1,045,000 after buying an additional 439 shares during the last quarter. Spire Wealth Management grew its stake in shares of Hewlett Packard Enterprise by 7.1% during the third quarter. Spire Wealth Management now owns 6,694 shares of the technology company’s stock worth $164,000 after acquiring an additional 445 shares during the last quarter. Western Wealth Management LLC increased its holdings in shares of Hewlett Packard Enterprise by 3.3% during the third quarter. Western Wealth Management LLC now owns 15,253 shares of the technology company’s stock valued at $375,000 after acquiring an additional 489 shares in the last quarter. Trust Co. of Vermont increased its holdings in shares of Hewlett Packard Enterprise by 6.4% during the third quarter. Trust Co. of Vermont now owns 8,855 shares of the technology company’s stock valued at $217,000 after acquiring an additional 533 shares in the last quarter. Finally, Metis Global Partners LLC raised its position in shares of Hewlett Packard Enterprise by 0.8% in the 3rd quarter. Metis Global Partners LLC now owns 71,051 shares of the technology company’s stock valued at $1,745,000 after purchasing an additional 570 shares during the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Trading Up 0.1%

Shares of Hewlett Packard Enterprise stock opened at $23.97 on Monday. The firm has a 50-day simple moving average of $22.01 and a two-hundred day simple moving average of $23.03. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.75 and a current ratio of 1.03. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $26.44. The company has a market cap of $31.80 billion, a P/E ratio of -126.15, a price-to-earnings-growth ratio of 0.61 and a beta of 1.31.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Monday, March 9th. The technology company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $9.30 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 18.4% on a year-over-year basis. During the same period last year, the firm earned $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. As a group, equities analysts predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th will be issued a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, March 24th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently -300.00%.

Insider Activity

In related news, EVP Neil B. Macdonald sold 112,652 shares of the stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $25.09, for a total value of $2,826,438.68. Following the completion of the transaction, the executive vice president directly owned 56,494 shares of the company’s stock, valued at approximately $1,417,434.46. This represents a 66.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Fidelma Russo sold 34,001 shares of the stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $25.08, for a total transaction of $852,745.08. Following the completion of the sale, the executive vice president owned 17,001 shares of the company’s stock, valued at $426,385.08. This trade represents a 66.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 411,085 shares of company stock worth $10,337,582 over the last 90 days. 0.44% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

HPE has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Zacks Research upgraded shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a report on Wednesday. The Goldman Sachs Group assumed coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, January 13th. They set a “buy” rating and a $31.00 price objective for the company. Finally, Citigroup boosted their price objective on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.50.

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.