Hewlett Packard Enterprise Company $HPE Shares Sold by Ilmarinen Mutual Pension Insurance Co

Key Points

• Ilmarinen Mutual Pension Insurance Co reduced its HPE stake by 13.7% in the fourth quarter, selling 37,000 shares and leaving it with 233,000 shares valued at about $5.6 million.
• HPE reported better-than-expected quarterly earnings of $0.65 per share versus $0.59 expected, with revenue up 18.4% year over year to $9.3 billion.
• Analysts remain generally constructive, with several firms raising price targets and the stock holding a Moderate Buy consensus rating; meanwhile, HPE also paid a quarterly dividend of $0.1425 per share.

Ilmarinen Mutual Pension Insurance Co cut its stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 13.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 233,000 shares of the technology company's stock after selling 37,000 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in Hewlett Packard Enterprise were worth $5,597,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HPE. Mirae Asset Global Investments Co. Ltd. lifted its stake in Hewlett Packard Enterprise by 24.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 215,593 shares of the technology company's stock valued at $5,179,000 after purchasing an additional 41,896 shares during the last quarter. Viking Fund Management LLC lifted its holdings in shares of Hewlett Packard Enterprise by 22.5% during the fourth quarter. Viking Fund Management LLC now owns 490,000 shares of the technology company's stock valued at $11,770,000 after purchasing an additional 90,000 shares during the last quarter. Freemont Management S.A. lifted its holdings in shares of Hewlett Packard Enterprise by 197.1% during the fourth quarter. Freemont Management S.A. now owns 217,200 shares of the technology company's stock valued at $5,217,000 after purchasing an additional 144,100 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company's stock valued at $4,156,870,000 after purchasing an additional 1,917,719 shares during the last quarter. Finally, Merit Financial Group LLC lifted its holdings in shares of Hewlett Packard Enterprise by 133.8% during the fourth quarter. Merit Financial Group LLC now owns 96,825 shares of the technology company's stock valued at $2,326,000 after purchasing an additional 55,410 shares during the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Up 2.8%

HPE stock opened at $38.24 on Friday. Hewlett Packard Enterprise Company has a 12-month low of $17.02 and a 12-month high of $38.58. 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 company has a market cap of $50.74 billion, a price-to-earnings ratio of -201.27, a PEG ratio of 0.95 and a beta of 1.28. The company has a 50 day moving average of $28.29 and a two-hundred day moving average of $24.49.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings data on Monday, March 9th. The technology company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.06. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.31 billion. Hewlett Packard Enterprise had a positive return on equity of 9.93% and a negative net margin of 0.41%.The firm's revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the firm 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, equities analysts anticipate that Hewlett Packard Enterprise Company will post 1.97 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

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

Insider Buying and Selling

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 150,000 shares of the firm's stock in a transaction on Friday, April 17th. The shares were sold at an average price of $26.50, for a total value of $3,975,000.00. Following the sale, the chief executive officer directly owned 1,687,329 shares in the company, valued at $44,714,218.50. This trade represents a 8.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 firm's stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $29.10, for a total transaction of $188,626.20. Following the completion of the sale, the director owned 8,018 shares in the company, valued at $233,323.80. This represents a 44.70% 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. Over the last ninety days, insiders sold 702,402 shares of company stock worth $18,440,171. 0.44% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

HPE has been the subject of several research analyst reports. Truist Financial initiated coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, March 31st. They issued a "buy" rating and a $31.00 price target for the company. Weiss Ratings reissued a "hold (c-)" rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, March 25th. Bank of America raised their price objective on Hewlett Packard Enterprise from $29.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, March 10th. Wall Street Zen upgraded Hewlett Packard Enterprise from a "hold" rating to a "buy" rating in a research report on Monday. Finally, Citigroup raised their price objective on Hewlett Packard Enterprise from $27.00 to $39.00 and gave the stock a "buy" rating in a research report on Thursday, May 14th. One equities research 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. Based on data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of "Moderate Buy" and a consensus target price 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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