Insider Selling: Hewlett Packard Enterprise (NYSE:HPE) EVP Sells $2,826,438.68 in Stock

Hewlett Packard Enterprise Company (NYSE:HPE) EVP Neil Macdonald sold 112,652 shares of the firm’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $25.09, for a total value of $2,826,438.68. Following the transaction, the executive vice president owned 56,494 shares in the company, valued at approximately $1,417,434.46. This represents a 66.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Hewlett Packard Enterprise Stock Down 5.9%

NYSE:HPE opened at $22.54 on Tuesday. 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 1-year low of $11.97 and a 1-year high of $26.44. The company has a 50-day moving average of $22.04 and a 200 day moving average of $23.02. The firm has a market cap of $29.90 billion, a PE ratio of -118.61, a price-to-earnings-growth ratio of 0.61 and a beta of 1.31.

Hewlett Packard Enterprise (NYSE:HPE) last posted its 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. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. The business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.31 billion. During the same quarter last year, the firm posted $0.49 EPS. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. 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. As a group, research analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

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

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several institutional investors and hedge funds have recently bought and sold shares of the company. TFC Financial Management Inc. increased its position 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 in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of 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 worth $26,000 after purchasing an additional 666 shares in the last quarter. Chilton Capital Management LLC purchased a new position in Hewlett Packard Enterprise during the 3rd quarter worth $30,000. Headlands Technologies LLC purchased a new position in Hewlett Packard Enterprise during the 2nd quarter worth $26,000. Finally, Union Savings Bank acquired a new position in Hewlett Packard Enterprise during the 4th quarter valued at about $30,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Argus increased their target price on Hewlett Packard Enterprise from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. The Goldman Sachs Group initiated coverage on Hewlett Packard Enterprise in a research report on Tuesday, January 13th. They issued a “buy” rating and a $31.00 price target for the company. Wall Street Zen upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. 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. Finally, Zacks Research upgraded Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and an average target price 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.