Hewlett Packard Enterprise Company $HPE Holdings Reduced by First Trust Advisors LP

First Trust Advisors LP lowered its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 16.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,397,991 shares of the technology company’s stock after selling 1,061,179 shares during the quarter. First Trust Advisors LP’s holdings in Hewlett Packard Enterprise were worth $128,526,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital World Investors acquired a new stake in Hewlett Packard Enterprise in the 4th quarter valued at approximately $901,751,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth $433,537,000. Norges Bank acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth $185,969,000. Amundi grew its stake in shares of Hewlett Packard Enterprise by 63.1% in the fourth quarter. Amundi now owns 11,514,029 shares of the technology company’s stock worth $276,567,000 after purchasing an additional 4,454,568 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at $93,654,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Marie Myers sold 93,583 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $30.01, for a total value of $2,808,425.83. Following the transaction, the chief financial officer owned 204,754 shares of the company’s stock, valued at $6,144,667.54. The trade was a 31.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Kirt P. Karros sold 18,785 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total transaction of $911,072.50. 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. In the last quarter, insiders sold 118,850 shares of company stock worth $3,908,125. Corporate insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HPE shares. Morgan Stanley lifted their price objective 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. Susquehanna increased their target price on shares of Hewlett Packard Enterprise from $21.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. UBS Group raised their target price on shares of Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. boosted their price target on shares of Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Finally, Truist Financial reaffirmed a “buy” rating and issued a $69.00 price target (up from $31.00) on shares of Hewlett Packard Enterprise 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 six have given a Hold rating to the company’s stock. According to MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and an average target price of $67.06.

Hewlett Packard Enterprise Stock Down 1.0%

HPE opened at $47.67 on Friday. Hewlett Packard Enterprise Company has a one year low of $19.64 and a one year high of $64.25. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.75 and a current ratio of 1.09. The stock’s fifty day moving average is $44.83 and its 200-day moving average is $31.27. The company has a market capitalization of $63.12 billion, a PE ratio of 44.55, a P/E/G ratio of 0.52 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.25. The business had revenue of $10.68 billion during the quarter, compared to analyst estimates of $9.78 billion. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The company’s revenue was up 40.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.82) earnings per share. 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. On average, equities analysts predict that Hewlett Packard Enterprise Company will post 2.88 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th were issued a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 16th. Hewlett Packard Enterprise’s dividend payout ratio is presently 53.27%.

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.