Hewlett Packard Enterprise Company $HPE Stake Lowered by Pacer Advisors Inc.

Pacer Advisors Inc. trimmed its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 39.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 240,544 shares of the technology company’s stock after selling 156,647 shares during the quarter. Pacer Advisors Inc.’s holdings in Hewlett Packard Enterprise were worth $5,727,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Capital World Investors acquired a new position in Hewlett Packard Enterprise during the 4th quarter valued at approximately $901,751,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Hewlett Packard Enterprise in the fourth quarter worth $433,537,000. Elliott Investment Management L.P. lifted its stake in Hewlett Packard Enterprise by 47.2% in the first quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock valued at $652,912,000 after buying an additional 8,790,757 shares during the last quarter. Norges Bank bought a new stake in Hewlett Packard Enterprise in the fourth quarter valued at $185,969,000. Finally, Amundi boosted its holdings in shares of Hewlett Packard Enterprise by 63.1% during the fourth quarter. Amundi now owns 11,514,029 shares of the technology company’s stock valued at $276,567,000 after acquiring an additional 4,454,568 shares during the period. Institutional investors own 80.78% of the company’s stock.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, SVP Kirt P. Karros sold 18,785 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $48.50, for a total value of $911,072.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

HPE has been the topic of a number of analyst reports. Morgan Stanley increased their price objective 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. Truist Financial reissued a “buy” rating and set a $69.00 target price (up from $31.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 10th. The Goldman Sachs Group raised their price target on shares of Hewlett Packard Enterprise from $32.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Finally, Loop Capital raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and lifted their price target for the company from $23.00 to $75.00 in a report on Tuesday, June 2nd. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $69.93.

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $53.21 on Thursday. The firm has a market capitalization of $70.46 billion, a price-to-earnings ratio of 49.73, a price-to-earnings-growth ratio of 0.57 and a beta of 1.42. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.75 and a current ratio of 1.09. Hewlett Packard Enterprise Company has a one year low of $19.65 and a one year high of $64.25. The stock’s fifty day moving average is $47.23 and its 200-day moving average is $32.92.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.25. The business had revenue of $10.68 billion for the quarter, compared to analysts’ expectations of $9.78 billion. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The company’s revenue was up 40.0% on a year-over-year basis. During the same period in the previous year, the business earned ($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. Equities analysts anticipate that Hewlett Packard Enterprise Company will post 2.88 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th were paid a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 16th. Hewlett Packard Enterprise’s dividend payout ratio is currently 53.27%.

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.