Vest Financial LLC Sells 16,200 Shares of Hewlett Packard Enterprise Company $HPE

Vest Financial LLC lessened its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 11.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 127,669 shares of the technology company’s stock after selling 16,200 shares during the period. Vest Financial LLC’s holdings in Hewlett Packard Enterprise were worth $5,759,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of HPE. Capital World Investors bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth about $901,751,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Hewlett Packard Enterprise during the 4th quarter valued at approximately $433,537,000. Elliott Investment Management L.P. lifted its holdings in Hewlett Packard Enterprise by 47.2% in the 1st quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock worth $652,912,000 after purchasing an additional 8,790,757 shares in the last quarter. Norges Bank purchased a new position in Hewlett Packard Enterprise in the 4th quarter worth approximately $185,969,000. Finally, Amundi boosted its stake in Hewlett Packard Enterprise by 63.1% in the 4th quarter. Amundi now owns 11,514,029 shares of the technology company’s stock worth $276,567,000 after purchasing an additional 4,454,568 shares during the period. 80.78% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Kirt P. Karros sold 18,785 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total value of $911,072.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HPE has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price objective on shares of Hewlett Packard Enterprise from $26.00 to $67.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. upped their target price on shares of Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Citigroup lifted their price target on shares of Hewlett Packard Enterprise from $70.00 to $74.00 and gave the company a “buy” rating in a report on Friday, July 24th. Piper Sandler reissued a “neutral” rating and set a $63.00 price objective (up from $23.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. Finally, Susquehanna raised their price objective on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and a consensus target price of $69.80.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $58.79 on Friday. Hewlett Packard Enterprise Company has a 52 week low of $19.84 and a 52 week high of $64.25. The firm has a market capitalization of $77.85 billion, a P/E ratio of 54.94, a price-to-earnings-growth ratio of 0.64 and a beta of 1.42. The company has a fifty day simple moving average of $48.21 and a two-hundred day simple moving average of $34.54. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results 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 net margin of 3.94% and a return on equity of 11.91%. The firm had revenue of $10.68 billion for the quarter, compared to the consensus estimate of $9.78 billion. During the same period in the previous year, the firm posted ($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 anticipate that Hewlett Packard Enterprise Company will post 2.9 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th were given a dividend of $0.1425 per share. The ex-dividend date was Tuesday, June 16th. This represents a $0.57 dividend on an annualized basis and a yield of 1.0%. Hewlett Packard Enterprise’s dividend payout ratio is 53.27%.

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.