California Public Employees Retirement System Sells 63,632 Shares of Hewlett Packard Enterprise Company $HPE

California Public Employees Retirement System reduced its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 2.3% in the first quarter, HoldingsChannel reports. The fund owned 2,665,918 shares of the technology company’s stock after selling 63,632 shares during the period. California Public Employees Retirement System’s holdings in Hewlett Packard Enterprise were worth $63,476,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HPE. Ceera Investments LLC purchased a new position in shares of Hewlett Packard Enterprise during the first quarter valued at approximately $241,000. Kesler Norman & Wride LLC grew its stake in shares of Hewlett Packard Enterprise by 1.7% in the 1st quarter. Kesler Norman & Wride LLC now owns 47,172 shares of the technology company’s stock worth $1,123,000 after buying an additional 805 shares during the last quarter. Paradigm Capital Management LLC NV increased its position in Hewlett Packard Enterprise by 46.1% during the 1st quarter. Paradigm Capital Management LLC NV now owns 36,310 shares of the technology company’s stock valued at $865,000 after buying an additional 11,460 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Hewlett Packard Enterprise by 8.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 71,322 shares of the technology company’s stock valued at $1,710,000 after buying an additional 5,621 shares during the last quarter. Finally, Independent Financial Group LLC purchased a new position in Hewlett Packard Enterprise during the first quarter valued at $432,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $45.81 on Monday. The company has a market cap of $60.67 billion, a price-to-earnings ratio of 42.82, a P/E/G ratio of 0.50 and a beta of 1.42. The business’s fifty day simple moving average is $43.63 and its two-hundred day simple moving average is $30.62. 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, topping the consensus estimate of $0.54 by $0.25. The firm had revenue of $10.68 billion during the quarter, compared to analysts’ expectations of $9.78 billion. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The company’s revenue was up 40.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.82) earnings per share. 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 anticipate that Hewlett Packard Enterprise Company will post 2.88 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders 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 yield of 1.2%. Hewlett Packard Enterprise’s payout ratio is 53.27%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,482 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $29.10, for a total transaction of $188,626.20. Following the transaction, the director owned 8,018 shares in the company, valued at approximately $233,323.80. This represents a 44.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 sale, the chief financial officer directly owned 204,754 shares in the company, valued at approximately $6,144,667.54. The trade was a 31.37% decrease in their position. 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 135,851 shares of company stock worth $4,383,642 in the last 90 days. Corporate insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Raymond James Financial increased their target price on Hewlett Packard Enterprise from $29.00 to $74.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. lifted their price target on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Wells Fargo & Company upped their price target on shares of Hewlett Packard Enterprise from $26.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 2nd. Loop Capital raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and increased their price objective for the company from $23.00 to $75.00 in a research report on Tuesday, June 2nd. Finally, Zacks Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.