Fisher Asset Management LLC Has $8.47 Million Position in Hewlett Packard Enterprise Company $HPE

Key Points

• Fisher Asset Management dramatically increased its stake in Hewlett Packard Enterprise, boosting holdings by 3,952.4% in the fourth quarter to 352,515 shares worth about $8.47 million.
• Insider selling has been notable: CFO Marie Myers and EVP Neil B. Macdonald both sold shares, and insiders have sold 702,402 shares over the last 90 days.
• HPE posted better-than-expected quarterly EPS of $0.65 and raised guidance, while analysts remain cautiously positive with a Moderate Buy consensus and average price target of $27.88.

Fisher Asset Management LLC raised its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 3,952.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 352,515 shares of the technology company's stock after acquiring an additional 343,816 shares during the quarter. Fisher Asset Management LLC's holdings in Hewlett Packard Enterprise were worth $8,467,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. 44 Wealth Management LLC lifted its stake in Hewlett Packard Enterprise by 1.0% in the fourth quarter. 44 Wealth Management LLC now owns 59,606 shares of the technology company's stock valued at $1,432,000 after acquiring an additional 576 shares during the last quarter. Clearstead Advisors LLC lifted its stake in Hewlett Packard Enterprise by 16.9% in the fourth quarter. Clearstead Advisors LLC now owns 26,079 shares of the technology company's stock valued at $626,000 after acquiring an additional 3,777 shares during the last quarter. Pathfinder Wealth Consulting Inc. acquired a new stake in Hewlett Packard Enterprise in the fourth quarter valued at $215,000. EverSource Wealth Advisors LLC lifted its stake in Hewlett Packard Enterprise by 13.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 18,143 shares of the technology company's stock valued at $436,000 after acquiring an additional 2,214 shares during the last quarter. Finally, Legato Capital Management LLC acquired a new stake in Hewlett Packard Enterprise in the fourth quarter valued at $2,404,000. Institutional investors and hedge funds own 80.78% of the company's stock.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, CFO Marie Myers sold 93,583 shares of Hewlett Packard Enterprise stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $30.01, for a total value of $2,808,425.83. Following the completion of the sale, the chief financial officer owned 204,754 shares in the company, valued at $6,144,667.54. The trade was a 31.37% decrease in their position. 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, EVP Neil B. Macdonald sold 24,251 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $27.01, for a total transaction of $655,019.51. Following the completion of the sale, the executive vice president owned 32,243 shares of the company's stock, valued at $870,883.43. This trade represents a 42.93% 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. Over the last ninety days, insiders have sold 702,402 shares of company stock worth $18,440,171. 0.44% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $37.29 on Thursday. The firm has a 50-day moving average of $27.96 and a 200-day moving average of $24.39. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.75 and a current ratio of 1.03. The stock has a market cap of $49.48 billion, a PE ratio of -196.28, a P/E/G ratio of 0.98 and a beta of 1.28. Hewlett Packard Enterprise Company has a 52-week low of $17.02 and a 52-week high of $38.58.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its earnings results on Monday, March 9th. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.06. The company had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $9.31 billion. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. Hewlett Packard Enterprise's quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 EPS. 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. On average, sell-side analysts anticipate that Hewlett Packard Enterprise Company will post 1.97 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have commented on HPE shares. Morgan Stanley increased their price target on shares of Hewlett Packard Enterprise from $25.00 to $33.00 and gave the company an "equal weight" rating in a research note on Thursday, May 21st. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating in a research note on Monday. Bank of America raised their target price on shares of Hewlett Packard Enterprise from $29.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, March 10th. Weiss Ratings restated a "hold (c-)" rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, March 25th. Finally, Truist Financial began coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, March 31st. They set a "buy" rating and a $31.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat, Hewlett Packard Enterprise has an average rating of "Moderate Buy" and a consensus price target of $27.88.

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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