Cibc World Market Inc. Purchases 20,105 Shares of Hewlett Packard Enterprise Company $HPE

Cibc World Market Inc. increased its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 8.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 262,141 shares of the technology company’s stock after buying an additional 20,105 shares during the period. Cibc World Market Inc.’s holdings in Hewlett Packard Enterprise were worth $6,297,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Hewlett Packard Enterprise by 24.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 215,593 shares of the technology company’s stock worth $5,179,000 after purchasing an additional 41,896 shares in the last quarter. Viking Fund Management LLC raised its stake in Hewlett Packard Enterprise by 22.5% in the 4th quarter. Viking Fund Management LLC now owns 490,000 shares of the technology company’s stock valued at $11,770,000 after acquiring an additional 90,000 shares during the period. Freemont Management S.A. raised its stake in Hewlett Packard Enterprise by 197.1% in the 4th quarter. Freemont Management S.A. now owns 217,200 shares of the technology company’s stock valued at $5,217,000 after acquiring an additional 144,100 shares during the period. CIBC Asset Management Inc raised its stake in Hewlett Packard Enterprise by 60.2% in the 4th quarter. CIBC Asset Management Inc now owns 337,691 shares of the technology company’s stock valued at $8,111,000 after acquiring an additional 126,938 shares during the period. Finally, Vanguard Group Inc. raised its stake in Hewlett Packard Enterprise by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company’s stock valued at $4,156,870,000 after acquiring an additional 1,917,719 shares during the period. 80.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Truist Financial restated a “buy” rating and issued a $69.00 price target (up from $31.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. Weiss Ratings upgraded Hewlett Packard Enterprise from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Wednesday. Loop Capital upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and increased their price target for the company from $23.00 to $75.00 in a research note on Tuesday, June 2nd. Wall Street Zen cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Finally, UBS Group increased their price target on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Eleven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.65.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Fidelma Russo sold 34,001 shares of the company’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $25.08, for a total value of $852,745.08. Following the transaction, the executive vice president directly owned 17,001 shares of the company’s stock, valued at $426,385.08. This represents a 66.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Bethany Mayer sold 6,482 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $29.10, for a total value of $188,626.20. Following the completion of the transaction, the director directly owned 8,018 shares in the company, valued at approximately $233,323.80. This represents a 44.70% 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. Over the last quarter, insiders sold 702,402 shares of company stock worth $18,440,171. 0.44% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE opened at $49.16 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75. The stock’s fifty day moving average price is $31.65 and its two-hundred day moving average price is $25.67. Hewlett Packard Enterprise Company has a one year low of $17.49 and a one year high of $64.25. The firm has a market cap of $65.10 billion, a price-to-earnings ratio of 45.95, a P/E/G ratio of 0.78 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 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 firm had revenue of $10.68 billion for the quarter, compared to analyst estimates of $9.78 billion. During the same period in the prior year, the firm posted ($0.82) EPS. The company’s revenue for the quarter was up 40.0% on a year-over-year basis. 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, equities analysts forecast that Hewlett Packard Enterprise Company will post 1.97 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th will be issued 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 is currently 53.27%.

Hewlett Packard Enterprise 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.