Lansforsakringar Fondforvaltning AB publ Sells 199,006 Shares of Hewlett Packard Enterprise Company $HPE

Lansforsakringar Fondforvaltning AB publ reduced its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 28.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 507,516 shares of the technology company’s stock after selling 199,006 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Hewlett Packard Enterprise were worth $12,084,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position 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 valued at $4,156,870,000 after acquiring an additional 1,917,719 shares during the last quarter. Capital World Investors acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $901,751,000. Geode Capital Management LLC raised its stake in shares of Hewlett Packard Enterprise by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 34,869,143 shares of the technology company’s stock worth $835,626,000 after purchasing an additional 431,728 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $433,537,000. Finally, Jericho Capital Asset Management L.P. acquired a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at approximately $416,900,000. 80.78% of the stock is owned by institutional investors.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, EVP Fidelma Russo sold 17,001 shares of the business’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $27.97, for a total value of $475,517.97. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Neil B. Macdonald sold 24,251 shares of the company’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $27.01, for a total value of $655,019.51. Following the completion of the sale, the executive vice president owned 32,243 shares in the company, valued at $870,883.43. This trade represents a 42.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 310,102 shares of company stock worth $9,013,662 over the last three months. 0.44% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Barclays upped their price target on shares of Hewlett Packard Enterprise from $28.00 to $67.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Weiss Ratings upgraded shares of Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Piper Sandler reaffirmed a “neutral” rating and issued a $63.00 target price (up from $23.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. Morgan Stanley raised their target price on shares of Hewlett Packard Enterprise from $33.00 to $71.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 2nd. Finally, Susquehanna boosted their price target on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $64.65.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE:HPE opened at $43.95 on Thursday. Hewlett Packard Enterprise Company has a 12-month low of $19.64 and a 12-month high of $64.25. The company’s 50 day moving average price is $39.68 and its two-hundred day moving average price is $28.83. The firm has a market cap of $58.20 billion, a PE ratio of 41.07, a PEG ratio of 0.49 and a beta of 1.42. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.25. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The business had revenue of $10.68 billion during the quarter, compared to the consensus estimate of $9.78 billion. During the same quarter in the previous year, the firm earned ($0.82) earnings per share. Hewlett Packard Enterprise’s revenue for the quarter was up 40.0% compared to the same quarter last year. Hewlett Packard Enterprise has set its FY 2026 guidance at 3.350-3.450 EPS and its Q3 2026 guidance at 0.880-0.930 EPS. Equities research analysts predict that Hewlett Packard Enterprise Company will post 2.88 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th will be given a dividend of $0.1425 per share. The ex-dividend date is Tuesday, June 16th. This represents a $0.57 dividend on an annualized basis and a yield of 1.3%. Hewlett Packard Enterprise’s payout ratio is currently 53.27%.

About Hewlett Packard Enterprise

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.