Bethany Mayer Sells 6,482 Shares of Hewlett Packard Enterprise (NYSE:HPE) Stock

Hewlett Packard Enterprise Company (NYSE:HPE) Director Bethany Mayer sold 6,482 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $29.10, for a total value of $188,626.20. Following the transaction, the director owned 8,018 shares in the company, valued at $233,323.80. This represents a 44.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hewlett Packard Enterprise Price Performance

HPE stock traded up $1.33 during mid-day trading on Tuesday, reaching $30.04. 11,530,366 shares of the company’s stock were exchanged, compared to its average volume of 17,357,377. The company has a market cap of $39.85 billion, a price-to-earnings ratio of -158.08, a price-to-earnings-growth ratio of 0.74 and a beta of 1.28. The stock’s 50 day moving average is $23.88 and its 200 day moving average is $23.24. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.03 and a quick ratio of 0.75. Hewlett Packard Enterprise Company has a 12-month low of $16.17 and a 12-month high of $30.15.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Monday, March 9th. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.31 billion. Hewlett Packard Enterprise had a positive return on equity of 9.93% and a negative net margin of 0.41%.Hewlett Packard Enterprise’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $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. On average, research analysts expect that Hewlett Packard Enterprise Company will post 1.96 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th were given a dividend of $0.1425 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.57 dividend on an annualized basis and a yield of 1.9%. Hewlett Packard Enterprise’s dividend payout ratio is currently -300.00%.

Hedge Funds Weigh In On Hewlett Packard Enterprise

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Hewlett Packard Enterprise by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company’s stock valued at $4,156,870,000 after acquiring an additional 1,917,719 shares during the last quarter. Capital World Investors acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $901,751,000. Geode Capital Management LLC increased its holdings in shares of Hewlett Packard Enterprise by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 34,869,143 shares of the technology company’s stock valued at $835,626,000 after purchasing an additional 431,728 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $433,537,000. Finally, Jericho Capital Asset Management L.P. acquired a new stake in shares of Hewlett Packard Enterprise in the third quarter valued at approximately $416,900,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analysts Set New Price Targets

HPE has been the topic of a number of recent analyst reports. Citigroup increased their price target on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. The Goldman Sachs Group assumed coverage on Hewlett Packard Enterprise in a research report on Tuesday, January 13th. They set a “buy” rating and a $31.00 price target on the stock. Raymond James Financial reissued an “outperform” rating and set a $29.00 target price (down from $30.00) on shares of Hewlett Packard Enterprise in a report on Monday, April 13th. Bank of America increased their target price on Hewlett Packard Enterprise from $29.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, March 10th. Finally, Morgan Stanley increased their target price on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and an average target price of $26.71.

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.