QRG Capital Management Inc. Sells 22,863 Shares of Hewlett Packard Enterprise Company $HPE

QRG Capital Management Inc. lessened its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 11.3% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 180,004 shares of the technology company’s stock after selling 22,863 shares during the quarter. QRG Capital Management Inc.’s holdings in Hewlett Packard Enterprise were worth $4,286,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings 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. Capital World Investors bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $901,751,000. Geode Capital Management LLC grew its position in shares of Hewlett Packard Enterprise by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 34,869,143 shares of the technology company’s stock valued at $835,626,000 after purchasing an additional 431,728 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $433,537,000. Finally, Jericho Capital Asset Management L.P. bought a new position in shares of Hewlett Packard Enterprise during the third quarter worth approximately $416,900,000. Institutional investors own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

HPE has been the subject of several research reports. Bank of America lifted their price target on Hewlett Packard Enterprise from $38.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Susquehanna upped their price objective on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. UBS Group increased their price objective on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. Loop Capital raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and lifted their target price for the stock from $23.00 to $75.00 in a report on Tuesday, June 2nd. Finally, Raymond James Financial boosted their target price on shares of Hewlett Packard Enterprise from $29.00 to $74.00 and gave the company an “outperform” rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $64.65.

Hewlett Packard Enterprise Trading Down 0.4%

Shares of HPE stock opened at $41.06 on Monday. The stock has a market cap of $54.37 billion, a P/E ratio of 38.37, a price-to-earnings-growth ratio of 0.45 and a beta of 1.42. Hewlett Packard Enterprise Company has a 1 year low of $19.64 and a 1 year high of $64.25. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.72. The stock has a 50 day simple moving average of $40.18 and a 200 day simple moving average of $29.07.

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 firm 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 company’s revenue was up 40.0% on a year-over-year basis. During the same quarter last year, the company earned ($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. On average, research analysts predict that Hewlett Packard Enterprise Company will post 2.88 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared 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. The ex-dividend date is Tuesday, June 16th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.4%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 53.27%.

Insiders Place Their Bets

In related news, EVP Fidelma Russo sold 17,001 shares of the company’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $27.97, for a total transaction of $475,517.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Neil B. Macdonald sold 24,251 shares of the stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $27.01, for a total transaction of $655,019.51. Following the sale, the executive vice president owned 32,243 shares in the company, valued at $870,883.43. The trade was a 42.93% 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. Insiders have sold 310,102 shares of company stock valued at $9,013,662 over the last 90 days. 0.44% of the stock is owned by company insiders.

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.