DigitalBridge Group Inc. Takes $47.20 Million Position in Hewlett Packard Enterprise Company $HPE

DigitalBridge Group Inc. purchased a new stake in Hewlett Packard Enterprise Company (NYSE:HPEFree Report) in the 3rd quarter, HoldingsChannel reports. The firm purchased 1,921,957 shares of the technology company’s stock, valued at approximately $47,203,000. Hewlett Packard Enterprise makes up approximately 3.7% of DigitalBridge Group Inc.’s holdings, making the stock its 5th biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TFC Financial Management Inc. grew its position in 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 acquiring an additional 970 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Hewlett Packard Enterprise by 176.7% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company’s stock valued at $26,000 after purchasing an additional 666 shares in the last quarter. Chilton Capital Management LLC bought a new position in shares of Hewlett Packard Enterprise during the 3rd quarter valued at $30,000. Headlands Technologies LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter valued at $26,000. Finally, Clearstead Trust LLC boosted its holdings in 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 purchasing an additional 625 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Down 0.8%

NYSE HPE opened at $21.68 on Wednesday. Hewlett Packard Enterprise Company has a twelve month low of $11.97 and a twelve month high of $26.44. The stock has a market cap of $28.76 billion, a PE ratio of -114.09, a PEG ratio of 0.56 and a beta of 1.31. The firm has a 50-day simple moving average of $21.82 and a 200 day simple moving average of $23.04. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.75 and a current ratio of 1.03.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last issued its quarterly earnings results on Monday, March 9th. The technology company reported $0.65 earnings per share (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 firm had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.31 billion. During the same period in the previous year, the company posted $0.49 earnings per share. The company’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. On average, research analysts forecast that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Investors of record on Tuesday, March 24th will be given a $0.1425 dividend. This represents a $0.57 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, March 24th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is -300.00%.

Key Hewlett Packard Enterprise News

Here are the key news stories impacting Hewlett Packard Enterprise this week:

Analysts Set New Price Targets

HPE has been the topic of several analyst reports. Argus increased their target price on shares of Hewlett Packard Enterprise from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. The Goldman Sachs Group started coverage on Hewlett Packard Enterprise in a report on Tuesday, January 13th. They set a “buy” rating and a $31.00 price objective on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research note on Friday, December 26th. Wall Street Zen raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Zacks Research upgraded Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight 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 presently has an average rating of “Moderate Buy” and an average price target of $26.50.

View Our Latest Stock Analysis on HPE

Insiders Place Their Bets

In other news, SVP Kirt P. Karros sold 36,460 shares of the firm’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $24.61, for a total transaction of $897,280.60. Following the completion of the transaction, the senior vice president directly owned 18,785 shares of the company’s stock, valued at approximately $462,298.85. This trade represents a 66.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Antonio F. Neri sold 26,457 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, December 29th. The shares were sold at an average price of $24.49, for a total transaction of $647,931.93. Following the sale, the chief executive officer owned 2,101,761 shares in the company, valued at approximately $51,472,126.89. This trade represents a 1.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.44% of the stock is owned by insiders.

Hewlett Packard Enterprise Company Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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