Bank of New York Mellon Corp Acquires 245,872 Shares of Hewlett Packard Enterprise Company $HPE

Bank of New York Mellon Corp grew its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 3.4% in the 4th quarter, Holdings Channel reports. The fund owned 7,536,913 shares of the technology company’s stock after purchasing an additional 245,872 shares during the quarter. Bank of New York Mellon Corp’s holdings in Hewlett Packard Enterprise were worth $181,037,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of HPE. Bleakley Financial Group LLC grew its holdings in shares of Hewlett Packard Enterprise by 1.0% during the third quarter. Bleakley Financial Group LLC now owns 42,532 shares of the technology company’s stock worth $1,045,000 after purchasing an additional 439 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in Hewlett Packard Enterprise by 0.6% in the fourth quarter. TD Private Client Wealth LLC now owns 80,769 shares of the technology company’s stock valued at $1,940,000 after acquiring an additional 448 shares during the last quarter. JFS Wealth Advisors LLC boosted its holdings in Hewlett Packard Enterprise by 40.5% in the fourth quarter. JFS Wealth Advisors LLC now owns 1,565 shares of the technology company’s stock valued at $38,000 after acquiring an additional 451 shares during the last quarter. Western Wealth Management LLC boosted its holdings in Hewlett Packard Enterprise by 3.3% in 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 during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Hewlett Packard Enterprise by 1.6% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 35,130 shares of the technology company’s stock valued at $844,000 after acquiring an additional 539 shares during the last quarter. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Stock Down 8.4%

Shares of Hewlett Packard Enterprise stock opened at $49.16 on Friday. The business’s 50 day simple moving average is $31.65 and its 200 day simple moving average is $25.64. Hewlett Packard Enterprise Company has a 52-week low of $17.49 and a 52-week high of $64.25. The firm has a market cap of $65.10 billion, a PE ratio of 45.95, a P/E/G ratio of 0.85 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.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.25. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The business had revenue of $10.68 billion for the quarter, compared to analyst estimates of $9.78 billion. During the same quarter last year, the firm earned ($0.82) EPS. Hewlett Packard Enterprise’s revenue for the quarter was up 40.0% compared to the same quarter last year. 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, analysts predict that Hewlett Packard Enterprise Company will post 1.97 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th will be given a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, June 16th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 53.27%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, EVP Fidelma Russo sold 17,001 shares of the firm’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $27.97, for a total value of $475,517.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Antonio F. Neri sold 150,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $26.50, for a total value of $3,975,000.00. Following the completion of the transaction, the chief executive officer owned 1,687,329 shares of the company’s stock, valued at approximately $44,714,218.50. This represents a 8.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 702,402 shares of company stock worth $18,440,171 in the last 90 days. Company insiders own 0.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HPE shares. Piper Sandler reiterated a “neutral” rating and issued a $63.00 price target (up from $23.00) on shares of Hewlett Packard Enterprise in a report on Tuesday. Barclays raised their price target on Hewlett Packard Enterprise from $28.00 to $67.00 and gave the company an “overweight” rating in a report on Tuesday. Sanford C. Bernstein raised their price target on Hewlett Packard Enterprise from $35.00 to $62.00 and gave the company a “market perform” rating in a report on Tuesday. UBS Group raised their price target on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Susquehanna raised their price target on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday. Eleven equities research analysts have rated the stock with a Buy rating and ten 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 a consensus target price of $64.65.

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.