Steadtrust LLC Buys Shares of 24,660 Hewlett Packard Enterprise Company $HPE

Steadtrust LLC bought a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 24,660 shares of the technology company’s stock, valued at approximately $592,000.

Several other large investors also recently added to or reduced their stakes in the company. Elliott Investment Management L.P. purchased a new position in shares of Hewlett Packard Enterprise during the 2nd quarter valued at $381,004,000. Jericho Capital Asset Management L.P. purchased a new position in shares of Hewlett Packard Enterprise during the 3rd quarter valued at $416,900,000. Holocene Advisors LP purchased a new position in shares of Hewlett Packard Enterprise during the 3rd quarter valued at $144,468,000. Slate Path Capital LP grew its holdings in shares of Hewlett Packard Enterprise by 36.2% during the 2nd quarter. Slate Path Capital LP now owns 15,896,242 shares of the technology company’s stock valued at $325,078,000 after acquiring an additional 4,221,678 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Hewlett Packard Enterprise by 475.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,551,715 shares of the technology company’s stock valued at $87,230,000 after acquiring an additional 2,933,972 shares in the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Trading Up 0.1%

Shares of NYSE:HPE opened at $24.61 on Wednesday. The stock has a market capitalization of $32.65 billion, a PE ratio of -129.52, a P/E/G ratio of 0.63 and a beta of 1.20. Hewlett Packard Enterprise Company has a 1 year low of $12.15 and a 1 year high of $26.44. The firm has a fifty day moving average price of $22.42 and a 200 day moving average price of $23.00. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.71.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Monday, March 9th. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $9.30 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the company 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. Analysts expect that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th will be issued a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, March 24th. Hewlett Packard Enterprise’s dividend payout ratio is -300.00%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 112,652 shares of the company’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $25.09, for a total transaction of $2,826,438.68. Following the completion of the sale, the executive vice president directly owned 56,494 shares in the company, valued at $1,417,434.46. This represents a 66.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Antonio F. Neri sold 264,432 shares of the company’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $25.18, for a total transaction of $6,658,397.76. Following the sale, the chief executive officer owned 1,837,329 shares of the company’s stock, valued at $46,263,944.22. This trade represents a 12.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 411,085 shares of company stock worth $10,337,582 over the last ninety days. Company insiders own 0.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Argus boosted their price target on shares of Hewlett Packard Enterprise from $25.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Truist Financial assumed coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, March 31st. They set a “buy” rating and a $31.00 price target on the stock. 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. The Goldman Sachs Group started coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, January 13th. They issued a “buy” rating and a $31.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.76.

Hewlett Packard Enterprise 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.