State of Michigan Retirement System Sells 28,600 Shares of Hewlett Packard Enterprise Company $HPE

State of Michigan Retirement System reduced its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 492,281 shares of the technology company’s stock after selling 28,600 shares during the period. State of Michigan Retirement System’s holdings in Hewlett Packard Enterprise were worth $11,825,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company’s stock worth $4,156,870,000 after buying an additional 1,917,719 shares during the period. Jericho Capital Asset Management L.P. acquired a new stake in shares of Hewlett Packard Enterprise in the third quarter worth $416,900,000. Legal & General Group Plc grew its stake in shares of Hewlett Packard Enterprise by 0.3% in the third quarter. Legal & General Group Plc now owns 13,241,459 shares of the technology company’s stock worth $325,210,000 after acquiring an additional 36,765 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Hewlett Packard Enterprise by 4.4% in the fourth quarter. Nordea Investment Management AB now owns 7,485,650 shares of the technology company’s stock worth $179,693,000 after acquiring an additional 312,698 shares during the last quarter. Finally, Holocene Advisors LP acquired a new stake in shares of Hewlett Packard Enterprise in the third quarter worth $144,468,000. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Stock Down 2.4%

Shares of HPE stock opened at $27.95 on Wednesday. The stock has a market cap of $37.08 billion, a P/E ratio of -147.09, a price-to-earnings-growth ratio of 0.74 and a beta of 1.20. Hewlett Packard Enterprise Company has a one year low of $15.71 and a one year high of $29.63. The stock has a fifty day moving average price of $23.60 and a 200 day moving average price of $23.19. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.03 and a quick ratio of 0.75.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Monday, March 9th. The technology company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.59 by $0.06. The firm had revenue of $9.30 billion during the quarter, compared to analysts’ expectations of $9.31 billion. Hewlett Packard Enterprise had a positive return on equity of 9.93% and a negative net margin of 0.41%.Hewlett Packard Enterprise’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period last year, the business earned $0.49 earnings per share. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Tuesday, March 24th were issued a $0.1425 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.57 annualized dividend and a dividend yield of 2.0%. Hewlett Packard Enterprise’s dividend payout ratio is presently -300.00%.

Insider Transactions at Hewlett Packard Enterprise

In other news, 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 sale, the executive vice president owned 32,243 shares of the company’s stock, valued at approximately $870,883.43. This represents a 42.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Antonio F. Neri sold 150,000 shares of the company’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $26.50, for a total transaction of $3,975,000.00. Following the completion of the sale, the chief executive officer directly owned 1,687,329 shares in the company, valued at approximately $44,714,218.50. The trade was a 8.16% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 602,337 shares of company stock valued at $15,443,119. 0.44% of the stock is owned by insiders.

Analyst Ratings Changes

HPE has been the topic of several research analyst reports. Wall Street Zen downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Saturday. Truist Financial initiated coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, March 31st. They issued a “buy” rating and a $31.00 price objective on the stock. Citigroup raised their price objective 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. Bank of America raised their price objective 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. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and an average price target of $26.71.

Hewlett Packard Enterprise 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.