Hewlett Packard Enterprise Company $HPE Shares Acquired by Barnett & Company Inc.

Barnett & Company Inc. boosted its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 45.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 191,275 shares of the technology company’s stock after buying an additional 60,125 shares during the period. Hewlett Packard Enterprise comprises about 3.5% of Barnett & Company Inc.’s portfolio, making the stock its 7th biggest holding. Barnett & Company Inc.’s holdings in Hewlett Packard Enterprise were worth $4,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in Hewlett Packard Enterprise during the 2nd quarter worth $26,000. SJS Investment Consulting Inc. boosted its position in shares of Hewlett Packard Enterprise by 159.5% in the first quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock valued at $28,000 after acquiring an additional 716 shares during the period. Union Savings Bank acquired a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $30,000. Reflection Asset Management bought a new position in Hewlett Packard Enterprise during the fourth quarter worth about $31,000. Finally, Thompson Investment Management Inc. bought a new position in Hewlett Packard Enterprise during the fourth quarter worth about $34,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Kirt P. Karros sold 18,785 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $48.50, for a total value of $911,072.50. The transaction was disclosed in a document filed 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, CEO Antonio F. Neri sold 150,000 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $26.50, for a total value of $3,975,000.00. Following the completion of the transaction, the chief executive officer owned 1,687,329 shares in the company, valued at approximately $44,714,218.50. This represents a 8.16% 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 90 days, insiders have sold 310,102 shares of company stock worth $9,013,662. 0.44% of the stock is owned by company insiders.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $48.45 on Friday. The firm has a 50 day moving average of $41.93 and a 200-day moving average of $29.79. 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. The stock has a market capitalization of $64.16 billion, a PE ratio of 45.28, a PEG ratio of 0.53 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.25. The business had revenue of $10.68 billion for the quarter, compared to analyst estimates of $9.78 billion. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The firm’s revenue for the quarter was up 40.0% on a year-over-year basis. During the same quarter last year, the business posted ($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, equities research analysts predict that Hewlett Packard Enterprise Company will post 2.88 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced 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. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, June 16th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 53.27%.

Analyst Ratings Changes

A number of research firms have issued reports on HPE. Truist Financial reissued a “buy” rating and issued a $69.00 price objective (up from $31.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. Piper Sandler reaffirmed a “neutral” rating and set a $63.00 target price (up from $23.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. Raymond James Financial boosted their price target on Hewlett Packard Enterprise from $29.00 to $74.00 and gave the company an “outperform” rating in a research note on Tuesday, June 2nd. Barclays increased their price target on 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, 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.65.

Hewlett Packard Enterprise Company 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.