Fidelma Russo Sells 34,001 Shares of Hewlett Packard Enterprise (NYSE:HPE) Stock

Hewlett Packard Enterprise Company (NYSE:HPE) EVP Fidelma Russo sold 34,001 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $25.08, for a total transaction of $852,745.08. Following the completion of the sale, the executive vice president directly owned 17,001 shares of the company’s stock, valued at $426,385.08. The trade was a 66.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $23.97 on Monday. The firm has a market cap of $31.80 billion, a price-to-earnings ratio of -126.15, a PEG ratio of 0.61 and a beta of 1.31. The company’s 50 day moving average is $22.01 and its 200 day moving average is $23.03. 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 Company has a 52-week low of $11.97 and a 52-week high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Monday, March 9th. The technology company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The company had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.31 billion. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. Hewlett Packard Enterprise’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the firm 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, sell-side analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Tuesday, March 24th will be given a $0.1425 dividend. This represents a $0.57 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, March 24th. Hewlett Packard Enterprise’s payout ratio is presently -300.00%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on HPE shares. Citigroup raised their price objective on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Morgan Stanley increased their price target on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a report on Wednesday. Bank of America lifted their price objective on shares of Hewlett Packard Enterprise from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Finally, Zacks Research upgraded shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.50.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Hewlett Packard Enterprise by 1.1% in 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 buying an additional 1,917,719 shares during the last quarter. Capital World Investors purchased a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth about $901,751,000. Geode Capital Management LLC grew its stake in shares of Hewlett Packard Enterprise by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 34,869,143 shares of the technology company’s stock worth $835,626,000 after acquiring an additional 431,728 shares during the last quarter. Elliott Investment Management L.P. acquired a new position in shares of Hewlett Packard Enterprise during the second quarter valued at about $381,004,000. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at approximately $433,537,000. 80.78% of the stock is owned by institutional investors and hedge funds.

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.