LSV Asset Management Decreases Stake in Hewlett Packard Enterprise Company $HPE

LSV Asset Management lessened its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,888,992 shares of the technology company’s stock after selling 297,149 shares during the quarter. LSV Asset Management’s holdings in Hewlett Packard Enterprise were worth $285,574,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Hewlett Packard Enterprise by 24.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 215,593 shares of the technology company’s stock valued at $5,179,000 after buying an additional 41,896 shares during the period. Viking Fund Management LLC boosted its stake in shares of Hewlett Packard Enterprise by 22.5% in the 4th quarter. Viking Fund Management LLC now owns 490,000 shares of the technology company’s stock valued at $11,770,000 after buying an additional 90,000 shares during the period. Freemont Management S.A. boosted its stake in shares of Hewlett Packard Enterprise by 197.1% in the 4th quarter. Freemont Management S.A. now owns 217,200 shares of the technology company’s stock valued at $5,217,000 after buying an additional 144,100 shares during the period. Vanguard Group Inc. boosted its stake in shares of Hewlett Packard Enterprise by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company’s stock valued at $4,156,870,000 after buying an additional 1,917,719 shares during the period. Finally, Merit Financial Group LLC boosted its stake in shares of Hewlett Packard Enterprise by 133.8% in the 4th quarter. Merit Financial Group LLC now owns 96,825 shares of the technology company’s stock valued at $2,326,000 after buying an additional 55,410 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

HPE has been the subject of several recent research reports. Raymond James Financial reiterated an “outperform” rating and issued a $29.00 price objective (down from $30.00) on shares of Hewlett Packard Enterprise in a research note on Monday, April 13th. Truist Financial initiated coverage on Hewlett Packard Enterprise in a research note on Tuesday, March 31st. They issued a “buy” rating and a $31.00 price objective for the company. Citigroup lifted their price objective on Hewlett Packard Enterprise from $27.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, March 25th. Finally, Morgan Stanley boosted their target price on Hewlett Packard Enterprise from $25.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.88.

Insider Activity

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 150,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on 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 transaction, the chief executive officer owned 1,687,329 shares of the company’s stock, valued at $44,714,218.50. The trade was a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Fidelma Russo sold 17,001 shares of Hewlett Packard Enterprise stock in a transaction that occurred on 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 valued at $18,440,171 over the last 90 days. Insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $37.60 on Friday. The business has a 50 day moving average price of $27.00 and a 200 day moving average price of $24.09. The stock has a market cap of $49.89 billion, a price-to-earnings ratio of -197.88, a PEG ratio of 0.87 and a beta of 1.28. Hewlett Packard Enterprise Company has a fifty-two week low of $17.02 and a fifty-two week high of $37.75. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.71.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Monday, March 9th. The technology company reported $0.65 earnings per share 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%.The firm’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous 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. Equities research analysts anticipate that Hewlett Packard Enterprise Company will post 1.96 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 23rd. Investors of record on Tuesday, March 24th were paid a dividend of $0.1425 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.57 annualized dividend and a yield of 1.5%. Hewlett Packard Enterprise’s payout ratio is presently -300.00%.

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.