Janney Montgomery Scott LLC Decreases Position in Hewlett Packard Enterprise Company $HPE

Janney Montgomery Scott LLC decreased its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 15.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,912 shares of the technology company’s stock after selling 22,135 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Hewlett Packard Enterprise were worth $2,879,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new stake in Hewlett Packard Enterprise in the 2nd quarter worth approximately $26,000. Union Savings Bank purchased a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth $30,000. Reflection Asset Management purchased a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth $31,000. Thompson Investment Management Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth $34,000. Finally, JFS Wealth Advisors LLC grew its holdings in shares of Hewlett Packard Enterprise by 40.5% during the fourth quarter. JFS Wealth Advisors LLC now owns 1,565 shares of the technology company’s stock valued at $38,000 after buying an additional 451 shares during the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Trading Up 0.7%

NYSE HPE opened at $43.44 on Wednesday. The company has a market capitalization of $57.52 billion, a PE ratio of 40.60, a P/E/G ratio of 0.47 and a beta of 1.42. The company has a fifty day moving average of $40.79 and a 200 day moving average of $29.34. Hewlett Packard Enterprise Company has a 1 year low of $19.64 and a 1 year high of $64.25. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.25. The company had revenue of $10.68 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 40.0% compared to the same quarter last year. During the same period last year, the firm 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. 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 business also recently declared 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. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.57 dividend on an annualized basis and a yield of 1.3%. Hewlett Packard Enterprise’s payout ratio is presently 53.27%.

Insiders Place Their Bets

In related news, EVP Neil B. Macdonald sold 24,251 shares of the business’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $27.01, for a total value of $655,019.51. Following the completion of the transaction, the executive vice president directly owned 32,243 shares in the company, valued at $870,883.43. The trade was a 42.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Marie Myers sold 93,583 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer owned 204,754 shares of the company’s stock, valued at approximately $6,144,667.54. This trade represents a 31.37% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 310,102 shares of company stock worth $9,013,662. Corporate insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Sanford C. Bernstein upped their target price on Hewlett Packard Enterprise from $35.00 to $62.00 and gave the company a “market perform” rating in a research report on Tuesday, June 2nd. Wells Fargo & Company boosted their price target on Hewlett Packard Enterprise from $26.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 2nd. Argus increased their price objective on Hewlett Packard Enterprise from $30.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Susquehanna raised their price objective on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Finally, Morgan Stanley lifted their target price on Hewlett Packard Enterprise from $33.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and a consensus price target 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.