Pitcairn Co. Lowers Stock Holdings in Hewlett Packard Enterprise Company $HPE

Pitcairn Co. cut its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 13.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,041 shares of the technology company’s stock after selling 22,755 shares during the period. Pitcairn Co.’s holdings in Hewlett Packard Enterprise were worth $3,068,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in Hewlett Packard Enterprise during the 2nd quarter worth approximately $26,000. CVA Family Office LLC increased its position in shares of Hewlett Packard Enterprise by 126.7% during the second quarter. CVA Family Office LLC now owns 1,437 shares of the technology company’s stock worth $29,000 after acquiring an additional 803 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Hewlett Packard Enterprise by 74.4% in the second quarter. Hantz Financial Services Inc. now owns 1,611 shares of the technology company’s stock valued at $33,000 after acquiring an additional 687 shares in the last quarter. Hilltop National Bank purchased a new position in Hewlett Packard Enterprise in the second quarter valued at $35,000. Finally, Zions Bancorporation National Association UT grew its stake in Hewlett Packard Enterprise by 74.5% during the 2nd quarter. Zions Bancorporation National Association UT now owns 3,000 shares of the technology company’s stock worth $61,000 after purchasing an additional 1,281 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Activity at Hewlett Packard Enterprise

In other news, Director Jean M. Hobby sold 29,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, December 8th. The shares were sold at an average price of $23.79, for a total value of $689,910.00. Following the transaction, the director directly owned 32,279 shares of the company’s stock, valued at $767,917.41. The trade was a 47.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John F. Schultz sold 148,501 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $24.99, for a total transaction of $3,711,039.99. Following the sale, the executive vice president owned 248,091 shares of the company’s stock, valued at approximately $6,199,794.09. This represents a 37.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 390,425 shares of company stock valued at $9,455,299 over the last 90 days. 0.36% of the stock is owned by insiders.

Hewlett Packard Enterprise Trading Down 3.3%

Shares of Hewlett Packard Enterprise stock opened at $23.73 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72. The company has a fifty day simple moving average of $23.28 and a 200-day simple moving average of $21.89. The stock has a market cap of $31.30 billion, a price-to-earnings ratio of -395.35, a PEG ratio of 0.65 and a beta of 1.34. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Thursday, December 4th. The technology company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. The firm had revenue of $9.68 billion during the quarter, compared to analysts’ expectations of $9.91 billion. Hewlett Packard Enterprise had a net margin of 0.17% and a return on equity of 9.15%. Hewlett Packard Enterprise’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.58 earnings per share. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.250-2.450 EPS and its Q1 2026 guidance at 0.570-0.610 EPS. On average, equities analysts forecast that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, December 19th will be paid a dividend of $0.1425 per share. The ex-dividend date is Friday, December 19th. This represents a $0.57 dividend on an annualized basis and a yield of 2.4%. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is -866.67%.

Analysts Set New Price Targets

HPE has been the topic of a number of analyst reports. Bank of America increased their price target on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. UBS Group lifted their price target on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Wells Fargo & Company increased their price objective on shares of Hewlett Packard Enterprise from $22.00 to $26.00 and gave the company an “equal weight” rating in a research report on Thursday, September 4th. Susquehanna raised their price objective on shares of Hewlett Packard Enterprise from $16.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, September 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $25.53.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.