Hodges Capital Management Inc. Trims Stake in Hewlett Packard Enterprise Company $HPE

Hodges Capital Management Inc. lowered its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 47.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 312,257 shares of the technology company’s stock after selling 278,592 shares during the quarter. Hodges Capital Management Inc.’s holdings in Hewlett Packard Enterprise were worth $7,500,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wellspring Financial Advisors LLC purchased a new stake in Hewlett Packard Enterprise in the fourth quarter valued at $231,000. Zions Bancorporation National Association UT raised its position in Hewlett Packard Enterprise by 145.1% in the fourth quarter. Zions Bancorporation National Association UT now owns 7,448 shares of the technology company’s stock valued at $179,000 after purchasing an additional 4,409 shares during the period. Illinois Municipal Retirement Fund raised its position in Hewlett Packard Enterprise by 15.7% in the fourth quarter. Illinois Municipal Retirement Fund now owns 485,032 shares of the technology company’s stock valued at $11,650,000 after purchasing an additional 65,811 shares during the period. Janney Montgomery Scott LLC raised its position in Hewlett Packard Enterprise by 2.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 143,047 shares of the technology company’s stock valued at $3,436,000 after purchasing an additional 2,923 shares during the period. Finally, Alteri Wealth LLC raised its position in Hewlett Packard Enterprise by 17.8% in the fourth quarter. Alteri Wealth LLC now owns 32,496 shares of the technology company’s stock valued at $781,000 after purchasing an additional 4,909 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analysts Set New Price Targets

HPE has been the topic of several research analyst reports. Bank of America boosted their price objective on Hewlett Packard Enterprise from $38.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Loop Capital upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and boosted their price objective for the company from $23.00 to $75.00 in a report on Tuesday, June 2nd. UBS Group boosted their price objective on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. Morgan Stanley boosted their price objective on Hewlett Packard Enterprise from $33.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, June 2nd. Finally, Barclays boosted their price objective on Hewlett Packard Enterprise from $28.00 to $67.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. Eleven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $64.65.

Insider Activity 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 stock was sold at an average price of $27.01, for a total transaction of $655,019.51. Following the completion of the transaction, the executive vice president directly 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 legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Fidelma Russo sold 17,001 shares of the company’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $27.97, for a total value of $475,517.97. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 702,402 shares of company stock worth $18,440,171 over the last quarter. 0.44% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $45.50 on Thursday. The stock’s 50-day moving average is $33.08 and its two-hundred day moving average is $26.25. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75. Hewlett Packard Enterprise Company has a 1-year low of $17.49 and a 1-year high of $64.25. The company has a market cap of $60.25 billion, a price-to-earnings ratio of 42.52, a price-to-earnings-growth ratio of 0.77 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $10.68 billion for the quarter, compared to the consensus estimate of $9.78 billion. During the same quarter in the prior year, the business earned ($0.82) EPS. Hewlett Packard Enterprise’s revenue was up 40.0% on a year-over-year basis. 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. Analysts forecast that Hewlett Packard Enterprise Company will post 1.97 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

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

Hewlett Packard Enterprise Company 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.