Hewlett Packard Enterprise Company $HPE Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 23.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 123,816 shares of the technology company’s stock after buying an additional 23,298 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Hewlett Packard Enterprise were worth $2,974,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Investment Research Partners LLC boosted its stake in Hewlett Packard Enterprise by 2.0% during the fourth quarter. Investment Research Partners LLC now owns 21,925 shares of the technology company’s stock valued at $527,000 after buying an additional 423 shares in the last quarter. TD Private Client Wealth LLC raised its position in Hewlett Packard Enterprise by 0.6% in the fourth quarter. TD Private Client Wealth LLC now owns 80,769 shares of the technology company’s stock worth $1,940,000 after acquiring an additional 448 shares in the last quarter. JFS Wealth Advisors LLC lifted its holdings in Hewlett Packard Enterprise by 40.5% in the 4th quarter. JFS Wealth Advisors LLC now owns 1,565 shares of the technology company’s stock valued at $38,000 after acquiring an additional 451 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Hewlett Packard Enterprise by 1.3% in the 4th quarter. Parallel Advisors LLC now owns 40,209 shares of the technology company’s stock valued at $966,000 after acquiring an additional 501 shares during the last quarter. Finally, First Financial Bankshares Inc boosted its position in shares of Hewlett Packard Enterprise by 4.7% during the 4th quarter. First Financial Bankshares Inc now owns 11,082 shares of the technology company’s stock valued at $266,000 after purchasing an additional 502 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $43.63 on Monday. Hewlett Packard Enterprise Company has a fifty-two week low of $18.27 and a fifty-two week high of $64.25. The firm’s 50 day simple moving average is $38.62 and its 200-day simple moving average is $28.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75. The company has a market cap of $57.77 billion, a P/E ratio of 40.77, a price-to-earnings-growth ratio of 0.47 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 EPS for the quarter, beating the consensus estimate of $0.54 by $0.25. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. 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 prior year, the firm earned ($0.82) EPS. The firm’s quarterly 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. As a group, equities research analysts predict that Hewlett Packard Enterprise Company will post 2.88 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

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

Insiders Place Their Bets

In related news, Director Bethany Mayer sold 6,482 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $29.10, for a total transaction of $188,626.20. Following the transaction, the director directly owned 8,018 shares of the company’s stock, valued at approximately $233,323.80. The trade was a 44.70% decrease in their ownership of the stock. The transaction was disclosed in a 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, EVP Fidelma Russo sold 17,001 shares of the 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. 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 valued at $9,013,662 over the last quarter. 0.44% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on HPE. Barclays lifted their price objective on shares of Hewlett Packard Enterprise from $28.00 to $67.00 and gave the stock an “overweight” rating in a research note 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 stock an “equal weight” rating in a report on Tuesday, June 2nd. Wells Fargo & Company upped their price target on Hewlett Packard Enterprise from $26.00 to $67.00 and gave the company an “equal weight” rating in a report on Tuesday, June 2nd. Truist Financial reiterated a “buy” rating and set a $69.00 price objective (up from $31.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, June 2nd. Finally, Bank of America raised their price objective on Hewlett Packard Enterprise from $38.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and an average target price of $64.65.

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.