Hewlett Packard Enterprise Company $HPE Position Lessened by First Dallas Securities Inc.

First Dallas Securities Inc. lowered its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 37.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,926 shares of the technology company’s stock after selling 14,876 shares during the quarter. First Dallas Securities Inc.’s holdings in Hewlett Packard Enterprise were worth $593,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake 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 valued at $5,179,000 after acquiring an additional 41,896 shares during the last quarter. Viking Fund Management LLC increased its stake in shares of Hewlett Packard Enterprise by 22.5% during the 4th quarter. Viking Fund Management LLC now owns 490,000 shares of the technology company’s stock worth $11,770,000 after purchasing an additional 90,000 shares during the last quarter. Freemont Management S.A. increased its stake in shares of Hewlett Packard Enterprise by 197.1% during the 4th quarter. Freemont Management S.A. now owns 217,200 shares of the technology company’s stock worth $5,217,000 after purchasing an additional 144,100 shares during the last quarter. CIBC Asset Management Inc grew its stake in Hewlett Packard Enterprise by 60.2% in the 4th quarter. CIBC Asset Management Inc now owns 337,691 shares of the technology company’s stock valued at $8,111,000 after buying an additional 126,938 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Hewlett Packard Enterprise by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company’s stock worth $4,156,870,000 after purchasing an additional 1,917,719 shares during the period. 80.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HPE has been the topic of several research analyst reports. Wells Fargo & Company increased their target price on Hewlett Packard Enterprise from $26.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 2nd. Morgan Stanley increased their price objective on shares of Hewlett Packard Enterprise from $33.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 2nd. Bank of America raised their price objective on shares of Hewlett Packard Enterprise from $38.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Barclays upped their target price on shares of Hewlett Packard Enterprise from $28.00 to $67.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Finally, Wall Street Zen raised shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $64.65.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $41.06 on Friday. The business’s 50-day simple moving average is $40.18 and its 200 day simple moving average is $29.03. The stock has a market cap of $54.37 billion, a price-to-earnings ratio of 38.37, a P/E/G ratio of 0.45 and a beta of 1.42. Hewlett Packard Enterprise Company has a 12-month low of $19.64 and a 12-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 announced 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. 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 during the quarter, compared to analyst estimates of $9.78 billion. During the same period last year, the company earned ($0.82) earnings per share. The company’s 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. As a group, research analysts anticipate that Hewlett Packard Enterprise Company will post 2.88 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

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

Insiders Place Their Bets

In related news, EVP Fidelma Russo sold 17,001 shares of the stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $27.97, for a total value of $475,517.97. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 firm’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $27.01, for a total transaction of $655,019.51. Following the completion of the transaction, the executive vice president directly owned 32,243 shares in the company, valued at approximately $870,883.43. The trade was a 42.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 310,102 shares of company stock valued at $9,013,662 over the last three months. 0.44% of the stock is owned by insiders.

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.