Hewlett Packard Enterprise Company $HPE Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 3.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,280,122 shares of the technology company’s stock after selling 256,791 shares during the period. Bank of New York Mellon Corp’s holdings in Hewlett Packard Enterprise were worth $173,340,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in HPE. SJS Investment Consulting Inc. raised its position in Hewlett Packard Enterprise by 159.5% during the first quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock worth $28,000 after acquiring an additional 716 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at approximately $26,000. Union Savings Bank acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $30,000. Reflection Asset Management purchased a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $31,000. Finally, Thompson Investment Management Inc. purchased a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $34,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP Fidelma Russo sold 17,001 shares of the stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $27.97, for a total transaction of $475,517.97. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 6,482 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $29.10, for a total value of $188,626.20. Following the completion of the sale, the director directly owned 8,018 shares in the company, valued at approximately $233,323.80. The trade was a 44.70% decrease in their ownership of the stock. 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 three months, insiders sold 160,102 shares of company stock valued at $5,038,662. Corporate insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Stock Up 1.5%

Shares of NYSE HPE opened at $45.81 on Friday. Hewlett Packard Enterprise Company has a 1 year low of $19.64 and a 1 year high of $64.25. The firm’s 50 day moving average price is $43.63 and its 200 day moving average price is $30.58. The firm has a market cap of $60.67 billion, a P/E ratio of 42.82, a price-to-earnings-growth ratio of 0.50 and a beta of 1.42. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.75 and a current ratio of 1.09.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Monday, June 1st. The technology company reported $0.79 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 firm had revenue of $10.68 billion during the quarter, compared to analysts’ expectations of $9.78 billion. During the same period in the previous year, the company earned ($0.82) EPS. Hewlett Packard Enterprise’s revenue for the quarter 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. As a group, sell-side analysts anticipate that Hewlett Packard Enterprise Company will post 2.88 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th were given a $0.1425 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.2%. Hewlett Packard Enterprise’s payout ratio is currently 53.27%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HPE. Loop Capital raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and upped their target price for the company from $23.00 to $75.00 in a research note on Tuesday, June 2nd. Morgan Stanley raised their price target on Hewlett Packard Enterprise from $33.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 2nd. Piper Sandler reissued a “neutral” rating and issued a $63.00 price target (up from $23.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. Zacks Research upgraded Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 10th. Finally, Argus increased 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. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $64.65.

Hewlett Packard Enterprise 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.