Hewlett Packard Enterprise Company $HPE Position Trimmed by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 15.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,070,702 shares of the technology company’s stock after selling 726,113 shares during the period. Retirement Systems of Alabama’s holdings in Hewlett Packard Enterprise were worth $97,778,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HPE. TFC Financial Management Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 2,694.4% during the third 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 during the period. Annis Gardner Whiting Capital Advisors LLC increased its stake in Hewlett Packard Enterprise by 176.7% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company’s stock valued at $26,000 after buying an additional 666 shares during the period. Headlands Technologies LLC purchased a new stake in Hewlett Packard Enterprise in the 2nd quarter worth approximately $26,000. Chilton Capital Management LLC purchased a new stake in Hewlett Packard Enterprise in the 3rd quarter worth approximately $30,000. Finally, Clearstead Trust LLC boosted its stake in shares of Hewlett Packard Enterprise by 93.8% during the 3rd quarter. Clearstead Trust LLC now owns 1,291 shares of the technology company’s stock valued at $32,000 after buying an additional 625 shares during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Trading Down 5.9%

Shares of NYSE:HPE opened at $22.54 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $29.90 billion, a PE ratio of -118.61, a P/E/G ratio of 0.61 and a beta of 1.31. Hewlett Packard Enterprise Company has a 1 year low of $11.97 and a 1 year high of $26.44. The firm has a fifty day moving average price of $22.04 and a 200 day moving average price of $23.02.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Monday, March 9th. The technology company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.06. The company had revenue of $9.30 billion for 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%.The business’s revenue was up 18.4% compared to the same quarter last year. During the same period last year, the company earned $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. Analysts expect that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Investors of record on Tuesday, March 24th will be issued a $0.1425 dividend. This represents a $0.57 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, March 24th. Hewlett Packard Enterprise’s payout ratio is -300.00%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 264,432 shares of the stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $25.18, for a total transaction of $6,658,397.76. Following the transaction, the chief executive officer owned 1,837,329 shares in the company, valued at $46,263,944.22. This trade represents a 12.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Fidelma Russo sold 34,001 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $25.08, for a total transaction of $852,745.08. Following the completion of the transaction, the executive vice president directly owned 17,001 shares in the company, valued at approximately $426,385.08. This represents a 66.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 411,085 shares of company stock valued at $10,337,582 over the last 90 days. 0.44% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HPE. Citigroup boosted their price target on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Bank of America boosted their target price on 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 reaffirmed a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, March 25th. Zacks Research upgraded Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Finally, Wall Street Zen raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and an average price target of $26.50.

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.