Hewlett Packard Enterprise Company $HPE Shares Purchased by AMF Tjanstepension AB

AMF Tjanstepension AB grew its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,765,888 shares of the technology company’s stock after purchasing an additional 46,598 shares during the quarter. AMF Tjanstepension AB’s holdings in Hewlett Packard Enterprise were worth $42,046,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Headlands Technologies LLC purchased a new stake in Hewlett Packard Enterprise during the 2nd quarter worth about $26,000. SJS Investment Consulting Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 159.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock valued at $28,000 after buying an additional 716 shares in the last quarter. Union Savings Bank acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at $30,000. Reflection Asset Management purchased a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at $31,000. Finally, Thompson Investment Management Inc. purchased a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Neil B. Macdonald sold 24,251 shares of the stock in a transaction dated 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 owned 32,243 shares in the company, valued at $870,883.43. This trade represents a 42.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Marie Myers sold 93,583 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were 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 of the company’s stock, valued at $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. Over the last three months, insiders have sold 310,102 shares of company stock worth $9,013,662. Insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on HPE shares. Citigroup boosted their target price on Hewlett Packard Enterprise from $39.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Weiss Ratings raised Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 29th. Argus boosted their price objective on Hewlett Packard Enterprise from $30.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. The Goldman Sachs Group increased their price objective on Hewlett Packard Enterprise from $32.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Finally, Piper Sandler restated a “neutral” rating and set a $63.00 target price (up from $23.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.65.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $48.45 on Monday. The stock has a market capitalization of $64.16 billion, a price-to-earnings ratio of 45.28, a PEG ratio of 0.53 and a beta of 1.42. The business’s 50 day moving average is $41.93 and its two-hundred day moving average is $29.83. Hewlett Packard Enterprise Company has a 12-month low of $19.64 and a 12-month 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.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.25. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The firm had revenue of $10.68 billion for the quarter, compared to the consensus estimate of $9.78 billion. During the same period in the previous year, the business earned ($0.82) earnings per share. The company’s revenue for the quarter was up 40.0% compared to the same quarter last year. 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 expect that Hewlett Packard Enterprise Company will post 2.88 EPS for the current 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 paid a dividend of $0.1425 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.2%. Hewlett Packard Enterprise’s dividend payout ratio is 53.27%.

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.