802,575 Shares in Hewlett Packard Enterprise Company $HPE Purchased by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

Key Points

• United Super Pty Ltd disclosed a new stake in Hewlett Packard Enterprise, buying 802,575 shares worth about $19.3 million in the fourth quarter. The position represented 0.06% of HPE’s stock.
• HPE continues to attract significant institutional interest, with investors like Vanguard and Geode Capital increasing holdings. Institutional investors and hedge funds now own about 80.78% of the company.
• Wall Street remains cautiously optimistic on HPE, with a consensus rating of Moderate Buy and an average price target of $27.88. The stock recently traded at $38.24, while the company also reported quarterly earnings that beat estimates and raised its future guidance.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 802,575 shares of the technology company's stock, valued at approximately $19,278,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned 0.06% of Hewlett Packard Enterprise as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of HPE. Vanguard Group Inc. lifted its holdings in Hewlett Packard Enterprise by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company's stock valued at $4,156,870,000 after acquiring an additional 1,917,719 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Hewlett Packard Enterprise by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 34,869,143 shares of the technology company's stock valued at $835,626,000 after acquiring an additional 431,728 shares during the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in Hewlett Packard Enterprise in the 3rd quarter valued at about $416,900,000. Legal & General Group Plc lifted its holdings in Hewlett Packard Enterprise by 0.3% in the 3rd quarter. Legal & General Group Plc now owns 13,241,459 shares of the technology company's stock valued at $325,210,000 after acquiring an additional 36,765 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Hewlett Packard Enterprise by 4.4% in the 4th quarter. Nordea Investment Management AB now owns 7,485,650 shares of the technology company's stock valued at $179,693,000 after acquiring an additional 312,698 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HPE shares. Raymond James Financial reissued an "outperform" rating and issued a $29.00 price target (down from $30.00) on shares of Hewlett Packard Enterprise in a report on Monday, April 13th. Weiss Ratings reissued a "hold (c-)" rating on shares of Hewlett Packard Enterprise in a report on Wednesday, March 25th. Citigroup upped their price target on shares of Hewlett Packard Enterprise from $27.00 to $39.00 and gave the company a "buy" rating in a report on Thursday, May 14th. Truist Financial started coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, March 31st. They issued a "buy" rating and a $31.00 price target for the company. Finally, Bank of America upped their price objective on shares of Hewlett Packard Enterprise from $29.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of "Moderate Buy" and an average target price of $27.88.

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $38.24 on Friday. The company has a market capitalization of $50.74 billion, a price-to-earnings ratio of -201.27, a P/E/G ratio of 0.95 and a beta of 1.28. Hewlett Packard Enterprise Company has a fifty-two week low of $17.02 and a fifty-two week high of $38.58. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.03 and a quick ratio of 0.75. The business's 50-day moving average is $28.29 and its 200-day moving average is $24.49.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its earnings results on Monday, March 9th. The technology company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.06. Hewlett Packard Enterprise had a positive return on equity of 9.93% and a negative net margin of 0.41%.The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.31 billion. During the same quarter in the prior year, the company earned $0.49 EPS. The firm's quarterly revenue was up 18.4% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.300-2.500 EPS and its Q2 2026 guidance at 0.510-0.550 EPS. Equities research analysts expect that Hewlett Packard Enterprise Company will post 1.97 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 23rd. Investors of record on Tuesday, March 24th were issued a $0.1425 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.57 dividend on an annualized basis and a yield of 1.5%. Hewlett Packard Enterprise's dividend payout ratio is currently -300.00%.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CFO Marie Myers sold 93,583 shares of the company's stock in a transaction that occurred on Tuesday, May 5th. The stock was 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 represents a 31.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 company's stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $29.10, for a total value of $188,626.20. Following the sale, the director directly owned 8,018 shares of the company's stock, valued at $233,323.80. The trade was a 44.70% 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 have sold a total of 702,402 shares of company stock valued at $18,440,171 in the last ninety days. 0.44% of the stock is currently owned by insiders.

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.

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