PFA Pension Forsikringsaktieselskab purchased a new position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 698,546 shares of the technology company's stock, valued at approximately $16,814,000. PFA Pension Forsikringsaktieselskab owned approximately 0.05% of Hewlett Packard Enterprise at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of HPE. TFC Financial Management Inc. lifted its stake in shares of Hewlett Packard Enterprise by 2,694.4% in the third quarter. TFC Financial Management Inc. now owns 1,006 shares of the technology company's stock worth $25,000 after buying an additional 970 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Hewlett Packard Enterprise in the second quarter worth about $26,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Hewlett Packard Enterprise by 176.7% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company's stock worth $26,000 after buying an additional 666 shares in the last quarter. Chilton Capital Management LLC purchased a new position in shares of Hewlett Packard Enterprise in the third quarter worth about $30,000. Finally, Clearstead Trust LLC lifted its stake in shares of Hewlett Packard Enterprise by 93.8% in the third quarter. Clearstead Trust LLC now owns 1,291 shares of the technology company's stock worth $32,000 after buying an additional 625 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 112,652 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $25.09, for a total transaction of $2,826,438.68. Following the transaction, the executive vice president directly owned 56,494 shares of the company's stock, valued at $1,417,434.46. The trade was a 66.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Fidelma Russo sold 34,001 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $25.08, for a total transaction of $852,745.08. Following the sale, the executive vice president owned 17,001 shares of the company's stock, valued at approximately $426,385.08. This represents a 66.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 602,337 shares of company stock valued at $15,443,119 over the last ninety days. Company insiders own 0.44% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 10th. Bank of America raised their price target 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 reissued a "hold (c-)" rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, March 25th. Wall Street Zen downgraded shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research note on Saturday, April 25th. Finally, Citigroup raised their price target on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock a "buy" rating in a research note on Wednesday, March 11th. One 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $26.71.
Check Out Our Latest Stock Report on Hewlett Packard Enterprise
Hewlett Packard Enterprise Price Performance
Shares of HPE stock opened at $28.57 on Monday. 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 firm's 50-day moving average is $23.88 and its two-hundred day moving average is $23.24. Hewlett Packard Enterprise Company has a 12 month low of $16.17 and a 12 month high of $29.63. The company has a market capitalization of $37.91 billion, a PE ratio of -150.38, a price-to-earnings-growth ratio of 0.74 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, topping analysts' consensus estimates of $0.59 by $0.06. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.31 billion. During the same period in the previous year, the firm earned $0.49 earnings per share. Hewlett Packard Enterprise's quarterly 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. Analysts predict that Hewlett Packard Enterprise Company will post 1.96 earnings per share for the current year.
Hewlett Packard Enterprise Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th were paid a dividend of $0.1425 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.57 dividend on an annualized basis and a yield of 2.0%. Hewlett Packard Enterprise's payout ratio is -300.00%.
About Hewlett Packard Enterprise
(
Free Report)
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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