38,322 Hewlett Packard Enterprise Company $HPE Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 1.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,085,349 shares of the technology company’s stock after selling 38,322 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Hewlett Packard Enterprise were worth $197,123,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of HPE. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Hewlett Packard Enterprise during the third quarter valued at $22,834,000. Aviance Capital Partners LLC bought a new position in Hewlett Packard Enterprise during the third quarter worth $220,000. ProShare Advisors LLC increased its stake in shares of Hewlett Packard Enterprise by 2.3% in the 3rd quarter. ProShare Advisors LLC now owns 251,349 shares of the technology company’s stock valued at $16,059,000 after acquiring an additional 5,769 shares in the last quarter. Vise Technologies Inc. raised its holdings in Hewlett Packard Enterprise by 33.2% during the third quarter. Vise Technologies Inc. now owns 75,572 shares of the technology company’s stock worth $4,828,000 after buying an additional 18,844 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC raised its holdings in shares of Hewlett Packard Enterprise by 6.2% in the third quarter. Moss Adams Wealth Advisors LLC now owns 4,819 shares of the technology company’s stock valued at $309,000 after purchasing an additional 283 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors.

Insider Transactions at Hewlett Packard Enterprise

In other news, CEO Antonio Neri sold 250,000 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $60.44, for a total value of $15,110,000.00. Following the completion of the transaction, the chief executive officer owned 1,432,393 shares of the company’s stock, valued at approximately $86,573,832.92. This represents a 14.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary M. Reiner sold 17,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $56.91, for a total value of $967,470.00. Following the sale, the director owned 65,072 shares in the company, valued at $3,703,247.52. This represents a 20.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 585,899 shares of company stock valued at $37,270,329. Corporate insiders own 0.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HPE. Deutsche Bank Aktiengesellschaft assumed coverage on Hewlett Packard Enterprise in a research report on Tuesday, September 1st. They set a “buy” rating and a $62.00 price target on the stock. Evercore upped their price objective on shares of Hewlett Packard Enterprise from $65.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, October 1st. Loop Capital decreased their target price on shares of Hewlett Packard Enterprise from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Tuesday, September 8th. Piper Sandler raised their price objective on Hewlett Packard Enterprise from $57.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, October 1st. Finally, Bank of America lifted their price objective on Hewlett Packard Enterprise from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, August 31st. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $65.44.

Hewlett Packard Enterprise Stock Up 0.2%

Shares of Hewlett Packard Enterprise stock opened at $55.22 on Monday. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 0.65. The company’s fifty day simple moving average is $59.71 and its two-hundred day simple moving average is $40.71. The company has a market cap of $73.31 billion, a P/E ratio of 28.76, a PEG ratio of 0.46 and a beta of 1.39. Hewlett Packard Enterprise Company has a 12-month low of $19.84 and a 12-month high of $73.56.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.18. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The firm had revenue of $12.21 billion for the quarter, compared to analyst estimates of $11.97 billion. During the same quarter in the previous year, the firm posted $0.44 EPS. The company’s revenue for the quarter was up 33.7% compared to the same quarter last year. Hewlett Packard Enterprise has set its Q4 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 3.750-3.850 EPS. Research analysts anticipate that Hewlett Packard Enterprise Company will post 3.34 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, September 17th were issued a dividend of $0.1425 per share. The ex-dividend date was Thursday, September 17th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.0%. Hewlett Packard Enterprise’s dividend payout ratio is 29.69%.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company (NYSE:HPE) is a global technology company that provides information technology solutions for businesses, governments and other organizations. Its offerings are designed to help customers build, manage and modernize data centers, hybrid cloud environments and edge computing operations.

HPE’s portfolio includes enterprise servers and compute systems, data storage, networking products, high-performance computing and artificial intelligence infrastructure.