GRIMES & Co WEALTH MANAGEMENT LLC Decreases Stock Position in Hewlett Packard Enterprise Company $HPE

Key Points

• GRIMES & Co WEALTH MANAGEMENT LLC cut its HPE stake by 9.7%, selling 78,394 shares to hold 728,586 shares valued at about $17.5 million (≈0.05% of the company).
• Institutional ownership is high at 80.78% (Vanguard now holds 173.06M shares), but insiders sold a total of 702,402 shares (~$18.44M) in the last three months, including sales by the CFO and a director.
• Analysts are broadly positive—HPE has an average rating of "Moderate Buy" with a $26.71 target and several firms raising targets (Bank of America to $32, Truist $31) after HPE reported a quarterly EPS beat ($0.65 vs. $0.59) and set FY2026 EPS guidance of $2.30–$2.50.

GRIMES & Co WEALTH MANAGEMENT LLC lowered its stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 9.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 728,586 shares of the technology company's stock after selling 78,394 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC owned approximately 0.05% of Hewlett Packard Enterprise worth $17,501,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Hewlett Packard Enterprise by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company's stock worth $4,156,870,000 after buying an additional 1,917,719 shares during the period. Jericho Capital Asset Management L.P. purchased a new position in shares of Hewlett Packard Enterprise in the third quarter worth about $416,900,000. Legal & General Group Plc increased its holdings in shares of Hewlett Packard Enterprise by 0.3% in the third quarter. Legal & General Group Plc now owns 13,241,459 shares of the technology company's stock worth $325,210,000 after buying an additional 36,765 shares during the period. Nordea Investment Management AB increased its holdings in shares of Hewlett Packard Enterprise by 4.4% in the fourth quarter. Nordea Investment Management AB now owns 7,485,650 shares of the technology company's stock worth $179,693,000 after buying an additional 312,698 shares during the period. Finally, Holocene Advisors LP purchased a new position in shares of Hewlett Packard Enterprise in the third quarter worth about $144,468,000. Hedge funds and other institutional investors own 80.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HPE. Bank of America boosted their price target on Hewlett Packard Enterprise from $29.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, March 10th. Truist Financial began coverage on Hewlett Packard Enterprise in a report on Tuesday, March 31st. They set a "buy" rating and a $31.00 price target on the stock. Raymond James Financial restated an "outperform" rating and set a $29.00 price target (down from $30.00) on shares of Hewlett Packard Enterprise in a report on Monday, April 13th. Morgan Stanley boosted their price target on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company an "equal weight" rating in a report on Tuesday, March 10th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Hewlett Packard Enterprise in a report on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $26.71.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $29.67 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.71. The business's 50 day moving average price is $24.46 and its 200-day moving average price is $23.38. Hewlett Packard Enterprise Company has a 52 week low of $16.69 and a 52 week high of $30.42. The stock has a market cap of $39.37 billion, a P/E ratio of -156.17, a P/E/G ratio of 0.78 and a beta of 1.28.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its earnings results on Monday, March 9th. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate 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 business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.31 billion. During the same period last year, the business posted $0.49 EPS. The company's revenue was up 18.4% compared to the same quarter last year. 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 anticipate that Hewlett Packard Enterprise Company will post 1.96 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Tuesday, March 24th were paid a $0.1425 dividend. This represents a $0.57 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Tuesday, March 24th. Hewlett Packard Enterprise's dividend payout ratio is -300.00%.

Insider Transactions at Hewlett Packard Enterprise

In other news, Director Bethany Mayer sold 6,482 shares of the company's stock in a transaction 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 completion of the sale, the director directly owned 8,018 shares in the company, valued at $233,323.80. This represents a 44.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Marie Myers sold 93,583 shares of the company's stock in a transaction on Tuesday, May 5th. The stock was 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 of the company's stock, valued at $6,144,667.54. This trade represents a 31.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 702,402 shares of company stock worth $18,440,171 over the last three months. 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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