Chevy Chase Trust Holdings LLC Has $16.51 Million Stock Holdings in Hewlett Packard Enterprise Company $HPE

Chevy Chase Trust Holdings LLC reduced its stake in Hewlett Packard Enterprise Company (NYSE:HPEFree Report) by 3.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 672,037 shares of the technology company’s stock after selling 24,038 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Hewlett Packard Enterprise were worth $16,505,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. TFC Financial Management Inc. boosted its position in shares of Hewlett Packard Enterprise by 2,694.4% during the 3rd quarter. TFC Financial Management Inc. now owns 1,006 shares of the technology company’s stock worth $25,000 after purchasing an additional 970 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its stake in Hewlett Packard Enterprise by 176.7% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company’s stock worth $26,000 after buying an additional 666 shares during the period. Chilton Capital Management LLC acquired a new position in Hewlett Packard Enterprise during the 3rd quarter worth approximately $30,000. Headlands Technologies LLC bought a new position in Hewlett Packard Enterprise in the second quarter worth approximately $26,000. Finally, Clearstead Trust LLC boosted its holdings in Hewlett Packard Enterprise by 93.8% in the third quarter. Clearstead Trust LLC now owns 1,291 shares of the technology company’s stock worth $32,000 after acquiring an additional 625 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Key Hewlett Packard Enterprise News

Here are the key news stories impacting Hewlett Packard Enterprise this week:

Hewlett Packard Enterprise Stock Up 1.3%

Shares of NYSE:HPE opened at $21.86 on Tuesday. The business’s 50 day moving average is $21.86 and its 200 day moving average is $23.05. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $26.44. The stock has a market cap of $29.00 billion, a price-to-earnings ratio of -115.04, a PEG ratio of 0.56 and a beta of 1.31. 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:HPEGet Free Report) last released its quarterly earnings results on Monday, March 9th. The technology company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The business had revenue of $9.30 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 EPS. 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, sell-side analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 23rd. Investors of record on Tuesday, March 24th will be issued a dividend of $0.1425 per share. The ex-dividend date is Tuesday, March 24th. This represents a $0.57 annualized dividend and a yield of 2.6%. Hewlett Packard Enterprise’s payout ratio is -300.00%.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 36,460 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $24.61, for a total transaction of $897,280.60. Following the transaction, the senior vice president owned 18,785 shares of the company’s stock, valued at $462,298.85. This trade represents a 66.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Antonio F. Neri sold 26,457 shares of the business’s stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $24.49, for a total value of $647,931.93. Following the completion of the transaction, the chief executive officer owned 2,101,761 shares in the company, valued at $51,472,126.89. The trade was a 1.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

HPE has been the subject of several recent research reports. Citigroup boosted their price objective on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Wall Street Zen upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Saturday. Bank of America boosted their price target on shares of Hewlett Packard Enterprise from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, March 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a report on Friday, December 26th. Finally, The Goldman Sachs Group started coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, January 13th. They issued a “buy” rating and a $31.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.50.

Get Our Latest Stock Analysis on HPE

Hewlett Packard Enterprise Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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