Janney Montgomery Scott LLC Decreases Holdings in Hewlett Packard Enterprise Company $HPE

Janney Montgomery Scott LLC decreased its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 15.5% during the 1st quarter, Holdings Channel reports. The firm owned 120,912 shares of the technology company’s stock after selling 22,135 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Hewlett Packard Enterprise were worth $2,879,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Empowered Funds LLC increased its stake in Hewlett Packard Enterprise by 317.3% during the 1st quarter. Empowered Funds LLC now owns 149,810 shares of the technology company’s stock worth $2,312,000 after buying an additional 113,906 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Hewlett Packard Enterprise by 44.7% in the first quarter. Geneos Wealth Management Inc. now owns 4,456 shares of the technology company’s stock valued at $69,000 after acquiring an additional 1,377 shares in the last quarter. Brown Advisory Inc. boosted its stake in shares of Hewlett Packard Enterprise by 4.4% in the second quarter. Brown Advisory Inc. now owns 23,593 shares of the technology company’s stock worth $482,000 after acquiring an additional 996 shares during the last quarter. Jump Financial LLC increased its position in shares of Hewlett Packard Enterprise by 25.8% during the second quarter. Jump Financial LLC now owns 15,662 shares of the technology company’s stock worth $320,000 after purchasing an additional 3,215 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of Hewlett Packard Enterprise during the second quarter worth approximately $207,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, EVP Neil B. Macdonald sold 24,251 shares of the stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $27.01, for a total value of $655,019.51. Following the completion of the transaction, the executive vice president directly owned 32,243 shares in the company, valued at approximately $870,883.43. This represents a 42.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 6,482 shares of the firm’s stock in a transaction 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 sale, the director directly owned 8,018 shares of the company’s stock, valued at approximately $233,323.80. This trade represents a 44.70% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 310,102 shares of company stock worth $9,013,662. Insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Stock Up 0.7%

NYSE HPE opened at $43.44 on Wednesday. Hewlett Packard Enterprise Company has a 52 week low of $19.64 and a 52 week high of $64.25. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. The business’s fifty day simple moving average is $40.79 and its 200-day simple moving average is $29.34. The firm has a market cap of $57.52 billion, a PE ratio of 40.60, a P/E/G ratio of 0.47 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.25. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The firm had revenue of $10.68 billion during the quarter, compared to analyst estimates of $9.78 billion. During the same quarter in the prior year, the firm posted ($0.82) earnings per share. Hewlett Packard Enterprise’s quarterly revenue was up 40.0% on a year-over-year basis. 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. As a group, equities analysts anticipate that Hewlett Packard Enterprise Company will post 2.88 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th will be paid a $0.1425 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.57 annualized dividend and a dividend yield of 1.3%. Hewlett Packard Enterprise’s dividend payout ratio is 53.27%.

Wall Street Analyst Weigh In

HPE has been the topic of a number of research reports. Citigroup raised their price objective on Hewlett Packard Enterprise from $39.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Raymond James Financial increased their target price on shares of Hewlett Packard Enterprise from $29.00 to $74.00 and gave the company an “outperform” rating in a research report on Tuesday, June 2nd. Zacks Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 10th. Argus boosted their price target on shares of Hewlett Packard Enterprise from $30.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Finally, Truist Financial reaffirmed a “buy” rating and set a $69.00 price objective (up from $31.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and a consensus price target of $64.65.

Hewlett Packard Enterprise Company 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.