Freestone Capital Holdings LLC Trims Stake in Hewlett Packard Enterprise Company $HPE

Key Points

• Freestone Capital Holdings cut its stake in Hewlett Packard Enterprise by 58.8%, selling 73,783 shares and leaving the fund with 51,678 shares worth about $1.24 million at quarter-end.
• HPE beat quarterly EPS estimates, reporting $0.65 vs. $0.59 consensus and $9.30 billion in revenue (slightly below the $9.31B estimate), with revenue up 18.4% year-over-year and FY2026 guidance set at $2.30–$2.50 EPS.
• Significant insider selling occurred recently: CEO Antonio F. Neri sold 264,432 shares for roughly $6.66 million, and insiders have sold 411,085 shares (~$10.34M) in the last three months, with insiders now owning 0.44% of the company.

Freestone Capital Holdings LLC reduced its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 58.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,678 shares of the technology company's stock after selling 73,783 shares during the period. Freestone Capital Holdings LLC's holdings in Hewlett Packard Enterprise were worth $1,241,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Assetmark Inc. boosted its position in shares of Hewlett Packard Enterprise by 0.6% in the fourth quarter. Assetmark Inc. now owns 157,876 shares of the technology company's stock worth $3,792,000 after purchasing an additional 1,006 shares during the period. Westside Investment Management Inc. boosted its position in shares of Hewlett Packard Enterprise by 9.3% during the fourth quarter. Westside Investment Management Inc. now owns 77,195 shares of the technology company's stock worth $1,854,000 after acquiring an additional 6,563 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. boosted its position in shares of Hewlett Packard Enterprise by 0.4% during the fourth quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 731,281 shares of the technology company's stock worth $17,565,000 after acquiring an additional 3,089 shares during the last quarter. Howard Capital Management Inc. raised its stake in shares of Hewlett Packard Enterprise by 9.3% in the fourth quarter. Howard Capital Management Inc. now owns 227,178 shares of the technology company's stock valued at $5,457,000 after acquiring an additional 19,362 shares during the period. Finally, Carnegie Investment Counsel raised its stake in shares of Hewlett Packard Enterprise by 14.0% in the fourth quarter. Carnegie Investment Counsel now owns 13,524 shares of the technology company's stock valued at $325,000 after acquiring an additional 1,664 shares during the period. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Stock Down 1.3%

HPE stock opened at $24.48 on Wednesday. The firm has a 50 day moving average of $22.72 and a 200 day moving average of $23.01. The stock has a market capitalization of $32.48 billion, a PE ratio of -128.84, a price-to-earnings-growth ratio of 0.63 and a beta of 1.20. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.71. Hewlett Packard Enterprise Company has a 52 week low of $14.20 and a 52 week high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its earnings results on Monday, March 9th. The technology company reported $0.65 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 revenue for the quarter was up 18.4% on a year-over-year basis. During the same period last year, the business earned $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. Sell-side analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Investors of record on Tuesday, March 24th will be paid a $0.1425 dividend. The ex-dividend date is Tuesday, March 24th. This represents a $0.57 dividend on an annualized basis and a yield of 2.3%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is -300.00%.

Insider Buying and Selling

In related news, CEO Antonio F. Neri sold 264,432 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $25.18, for a total value of $6,658,397.76. Following the completion of the sale, the chief executive officer directly owned 1,837,329 shares in the company, valued at $46,263,944.22. This trade represents a 12.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Fidelma Russo sold 34,001 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $25.08, for a total transaction of $852,745.08. Following the completion of the sale, the executive vice president owned 17,001 shares of the company's stock, valued at $426,385.08. This trade represents a 66.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 411,085 shares of company stock worth $10,337,582 in the last three months. Corporate insiders own 0.44% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Morgan Stanley increased their target price on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 10th. Wall Street Zen raised shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating in a research note on Saturday, March 14th. Raymond James Financial reiterated an "outperform" rating and set a $29.00 target price (down from $30.00) on shares of Hewlett Packard Enterprise in a report on Monday. Weiss Ratings reiterated a "hold (c-)" rating on shares of Hewlett Packard Enterprise in a report on Wednesday, March 25th. Finally, Bank of America raised their price target on shares of Hewlett Packard Enterprise from $29.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $26.71.

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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