Allianz Asset Management GmbH Reduces Stock Holdings in Hewlett Packard Enterprise Company $HPE

Allianz Asset Management GmbH decreased its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,478,593 shares of the technology company’s stock after selling 433,723 shares during the quarter. Allianz Asset Management GmbH’s holdings in Hewlett Packard Enterprise were worth $107,576,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HPE. Capital World Investors purchased a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth approximately $901,751,000. Jericho Capital Asset Management L.P. bought a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth approximately $416,900,000. Norges Bank bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $185,969,000. Holocene Advisors LP bought a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth approximately $144,468,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Hewlett Packard Enterprise by 475.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,551,715 shares of the technology company’s stock worth $87,230,000 after acquiring an additional 2,933,972 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Transactions at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 264,432 shares of the business’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $25.18, for a total value of $6,658,397.76. Following the completion of the transaction, the chief executive officer directly owned 1,837,329 shares of the company’s stock, valued at approximately $46,263,944.22. The trade was a 12.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Neil B. Macdonald sold 112,652 shares of the business’s 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 transaction, the executive vice president owned 56,494 shares in the company, valued at approximately $1,417,434.46. This trade represents a 66.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 702,402 shares of company stock worth $18,440,171. Company insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Trading Down 5.7%

HPE opened at $45.50 on Thursday. The firm has a market cap of $60.25 billion, a price-to-earnings ratio of 42.52, a PEG ratio of 0.77 and a beta of 1.42. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.72. Hewlett Packard Enterprise Company has a 12 month low of $17.49 and a 12 month high of $64.25. The stock has a fifty day moving average price of $33.08 and a 200-day moving average price of $26.25.

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

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th will be given a $0.1425 dividend. This represents a $0.57 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, June 16th. Hewlett Packard Enterprise’s payout ratio is presently 53.27%.

Analysts Set New Price Targets

HPE has been the subject of a number of research analyst reports. Truist Financial reissued a “buy” rating and set 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 raised Hewlett Packard Enterprise from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 3rd. UBS Group raised their price target on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Piper Sandler reissued a “neutral” rating and set a $63.00 price target (up from $23.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. Finally, Sanford C. Bernstein raised their price target on Hewlett Packard Enterprise from $35.00 to $62.00 and gave the stock a “market perform” 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, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and an average 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.