HB Wealth Management LLC Boosts Holdings in Hewlett Packard Enterprise Company $HPE

HB Wealth Management LLC increased its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 18.9% during the first quarter, HoldingsChannel.com reports. The firm owned 117,407 shares of the technology company’s stock after acquiring an additional 18,683 shares during the quarter. HB Wealth Management LLC’s holdings in Hewlett Packard Enterprise were worth $2,795,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HPE. Mirae Asset Global Investments Co. Ltd. raised its holdings in Hewlett Packard Enterprise by 24.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 215,593 shares of the technology company’s stock worth $5,179,000 after buying an additional 41,896 shares during the last quarter. Viking Fund Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 22.5% during the fourth quarter. Viking Fund Management LLC now owns 490,000 shares of the technology company’s stock valued at $11,770,000 after buying an additional 90,000 shares during the last quarter. Freemont Management S.A. grew its holdings in shares of Hewlett Packard Enterprise by 197.1% during the fourth quarter. Freemont Management S.A. now owns 217,200 shares of the technology company’s stock valued at $5,217,000 after buying an additional 144,100 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Hewlett Packard Enterprise by 60.2% during the fourth 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 in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Hewlett Packard Enterprise by 1.1% during the fourth 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 in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hewlett Packard Enterprise

In related news, CFO Marie Myers sold 93,583 shares of the company’s stock in a transaction on 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 completion of the sale, the chief financial officer owned 204,754 shares in the company, valued at approximately $6,144,667.54. This represents a 31.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Antonio F. Neri sold 150,000 shares of the stock in a transaction dated 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 directly owned 1,687,329 shares in the company, valued at approximately $44,714,218.50. This represents a 8.16% decrease in their position. 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 310,102 shares of company stock worth $9,013,662. Company insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on HPE shares. Wells Fargo & Company upped their price objective 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. Zacks Research raised Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 10th. Weiss Ratings upgraded Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 29th. Argus upped their price target on Hewlett Packard Enterprise from $30.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Finally, The Goldman Sachs Group upped their price target on Hewlett Packard Enterprise from $32.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $64.65.

Hewlett Packard Enterprise Stock Down 0.4%

HPE opened at $41.06 on Monday. The stock has a market capitalization of $54.37 billion, a price-to-earnings ratio of 38.37, a PEG ratio of 0.45 and a beta of 1.42. The firm has a 50 day moving average price of $40.18 and a 200-day moving average price of $29.07. Hewlett Packard Enterprise Company has a twelve month low of $19.64 and a twelve month high of $64.25. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.25. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The company had revenue of $10.68 billion for the quarter, compared to analysts’ expectations of $9.78 billion. During the same quarter last year, the company posted ($0.82) earnings per share. The firm’s quarterly revenue 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. Equities research analysts forecast that Hewlett Packard Enterprise Company will post 2.88 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, June 16th. Hewlett Packard Enterprise’s dividend payout ratio is presently 53.27%.

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.