Ritholtz Wealth Management Lowers Position in Hewlett Packard Enterprise Company $HPE

Ritholtz Wealth Management decreased its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 21.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 70,374 shares of the technology company’s stock after selling 18,997 shares during the period. Ritholtz Wealth Management’s holdings in Hewlett Packard Enterprise were worth $1,676,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Hewlett Packard Enterprise by 1.1% during 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 purchasing an additional 1,917,719 shares in the last quarter. Capital World Investors bought a new position in Hewlett Packard Enterprise in the fourth quarter worth approximately $901,751,000. Geode Capital Management LLC raised its stake in Hewlett Packard Enterprise by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 34,869,143 shares of the technology company’s stock worth $835,626,000 after buying an additional 431,728 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Hewlett Packard Enterprise during the fourth quarter worth $433,537,000. Finally, Jericho Capital Asset Management L.P. bought a new stake in Hewlett Packard Enterprise during the 3rd quarter valued at $416,900,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Weiss Ratings upgraded Hewlett Packard Enterprise from a “hold (c-)” rating to a “hold (c+)” rating in a report on Wednesday, June 3rd. Truist Financial restated a “buy” rating and set a $69.00 price objective (up from $31.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. Raymond James Financial lifted their target price on Hewlett Packard Enterprise from $29.00 to $74.00 and gave the company an “outperform” rating in a research note on Tuesday, June 2nd. UBS Group boosted their target price on shares of Hewlett Packard Enterprise from $25.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. Finally, Loop Capital raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and increased their price target for the company from $23.00 to $75.00 in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $64.65.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $43.63 on Friday. Hewlett Packard Enterprise Company has a 12-month low of $18.27 and a 12-month high of $64.25. The business’s fifty day simple moving average is $38.62 and its 200-day simple moving average is $28.38. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.72. The company has a market cap of $57.77 billion, a PE ratio of 40.77, a PEG ratio of 0.47 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.25. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The firm had revenue of $10.68 billion during the quarter, compared to analysts’ expectations of $9.78 billion. During the same quarter last year, the firm earned ($0.82) EPS. The business’s quarterly revenue was up 40.0% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2026 guidance at 3.350-3.450 EPS and its Q3 2026 guidance at 0.880-0.930 EPS. Analysts expect that Hewlett Packard Enterprise Company will post 2.88 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th will be paid a dividend of $0.1425 per share. The ex-dividend date is Tuesday, June 16th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.3%. Hewlett Packard Enterprise’s payout ratio is presently 53.27%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 24,251 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $27.01, for a total transaction of $655,019.51. Following the sale, the executive vice president owned 32,243 shares of the company’s stock, valued at approximately $870,883.43. The trade was a 42.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Kirt P. Karros sold 18,785 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $48.50, for a total transaction of $911,072.50. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 310,102 shares of company stock valued at $9,013,662. Insiders own 0.44% of the company’s stock.

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.