Alps Advisors Inc. Acquires 1,050,952 Shares of Hewlett Packard Enterprise Company $HPE

Alps Advisors Inc. raised its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 1,639.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,115,062 shares of the technology company’s stock after acquiring an additional 1,050,952 shares during the period. Alps Advisors Inc.’s holdings in Hewlett Packard Enterprise were worth $26,784,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC bought a new position in Hewlett Packard Enterprise in the second quarter valued at about $26,000. Clearstead Trust LLC grew its position in Hewlett Packard Enterprise by 93.8% in the third quarter. Clearstead Trust LLC now owns 1,291 shares of the technology company’s stock valued at $32,000 after acquiring an additional 625 shares during the last quarter. Thompson Investment Management Inc. bought a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $34,000. JFS Wealth Advisors LLC grew its position 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. Finally, Hilton Head Capital Partners LLC bought a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $40,000. Institutional investors own 80.78% of the company’s stock.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,482 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $29.10, for a total value of $188,626.20. Following the transaction, the director directly owned 8,018 shares of the company’s stock, valued at approximately $233,323.80. The trade was a 44.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Antonio F. Neri sold 264,432 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The shares were 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 in the company, valued at approximately $46,263,944.22. This trade represents a 12.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 702,402 shares of company stock valued at $18,440,171. 0.44% of the stock is owned by insiders.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $46.70 on Friday. The stock’s 50 day moving average is $33.54 and its 200 day moving average is $26.43. 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 firm has a market cap of $61.84 billion, a P/E ratio of 43.64, a P/E/G ratio of 0.49 and a beta of 1.42. Hewlett Packard Enterprise Company has a one year low of $17.49 and a one year high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.25. The company had revenue of $10.68 billion for 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 firm’s quarterly revenue was up 40.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.82) earnings per share. 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, research analysts expect that Hewlett Packard Enterprise Company will post 2.88 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th will be paid a $0.1425 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.57 annualized dividend and a yield of 1.2%. Hewlett Packard Enterprise’s payout ratio is 53.27%.

Analysts Set New Price Targets

A number of research analysts have issued reports on HPE shares. UBS Group lifted their target price on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. Wells Fargo & Company lifted their target price on Hewlett Packard Enterprise from $26.00 to $67.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 2nd. Morgan Stanley lifted their target price on Hewlett Packard Enterprise from $33.00 to $71.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 2nd. Weiss Ratings upgraded Hewlett Packard Enterprise from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. Finally, Citigroup lifted their price target on Hewlett Packard Enterprise from $39.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Eleven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $64.65.

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.