Hewlett Packard Enterprise Company $HPE Shares Sold by Genus Capital Management Inc.

Genus Capital Management Inc. reduced its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 46.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,803 shares of the technology company’s stock after selling 92,290 shares during the period. Genus Capital Management Inc.’s holdings in Hewlett Packard Enterprise were worth $2,589,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Pathfinder Wealth Consulting Inc. acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth $215,000. EverSource Wealth Advisors LLC lifted its position in shares of Hewlett Packard Enterprise by 13.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 18,143 shares of the technology company’s stock worth $436,000 after purchasing an additional 2,214 shares in the last quarter. Legato Capital Management LLC acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth $2,404,000. Mizuho Markets Cayman LP lifted its position in shares of Hewlett Packard Enterprise by 3,285.1% during the fourth quarter. Mizuho Markets Cayman LP now owns 256,152 shares of the technology company’s stock worth $6,153,000 after purchasing an additional 248,585 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Hewlett Packard Enterprise by 1.6% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 35,130 shares of the technology company’s stock worth $844,000 after purchasing an additional 539 shares in the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HPE shares. Raymond James Financial reissued an “outperform” rating and set a $29.00 target price (down from $30.00) on shares of Hewlett Packard Enterprise in a research report on Monday, April 13th. Citigroup boosted their target price 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, May 14th. Wall Street Zen raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Monday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, March 25th. Finally, Truist Financial assumed coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, March 31st. They issued a “buy” rating and a $31.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and an average price target of $27.88.

Hewlett Packard Enterprise Stock Up 0.0%

HPE stock opened at $37.60 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.03 and a quick ratio of 0.75. Hewlett Packard Enterprise Company has a 1-year low of $17.02 and a 1-year high of $37.75. The firm has a fifty day moving average price of $27.00 and a two-hundred day moving average price of $24.09. The firm has a market cap of $49.89 billion, a price-to-earnings ratio of -197.88, a PEG ratio of 0.97 and a beta of 1.28.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Monday, March 9th. The technology company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.06. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. The firm had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.31 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. 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. Research analysts predict that Hewlett Packard Enterprise Company will post 1.97 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th were paid a dividend of $0.1425 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.57 annualized dividend and a yield of 1.5%. Hewlett Packard Enterprise’s payout ratio is presently -300.00%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, EVP Neil B. Macdonald sold 112,652 shares of the company’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $25.09, for a total transaction of $2,826,438.68. Following the completion of the transaction, the executive vice president owned 56,494 shares in the company, valued at approximately $1,417,434.46. This represents a 66.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Marie Myers sold 93,583 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $30.01, for a total transaction of $2,808,425.83. Following the transaction, the chief financial officer owned 204,754 shares of the company’s stock, valued at $6,144,667.54. This represents a 31.37% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 702,402 shares of company stock valued at $18,440,171. Corporate insiders own 0.44% of the company’s stock.

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.