TD Asset Management Inc Cuts Stake in Hewlett Packard Enterprise Company $HPE

TD Asset Management Inc trimmed its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 12.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,148,233 shares of the technology company’s stock after selling 157,642 shares during the quarter. TD Asset Management Inc owned about 0.09% of Hewlett Packard Enterprise worth $28,201,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Bleakley Financial Group LLC grew its stake in shares of Hewlett Packard Enterprise by 1.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 42,532 shares of the technology company’s stock valued at $1,045,000 after buying an additional 439 shares during the period. Spire Wealth Management grew its position in Hewlett Packard Enterprise by 7.1% during the third quarter. Spire Wealth Management now owns 6,694 shares of the technology company’s stock valued at $164,000 after acquiring an additional 445 shares during the period. TD Waterhouse Canada Inc. grew its position in Hewlett Packard Enterprise by 11.1% during the second quarter. TD Waterhouse Canada Inc. now owns 4,902 shares of the technology company’s stock valued at $100,000 after acquiring an additional 489 shares during the period. Western Wealth Management LLC increased its stake in Hewlett Packard Enterprise by 3.3% during the third quarter. Western Wealth Management LLC now owns 15,253 shares of the technology company’s stock worth $375,000 after acquiring an additional 489 shares during the last quarter. Finally, Trust Co. of Vermont raised its holdings in shares of Hewlett Packard Enterprise by 6.4% in the 3rd quarter. Trust Co. of Vermont now owns 8,855 shares of the technology company’s stock worth $217,000 after purchasing an additional 533 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on HPE shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research report on Friday, December 26th. Argus increased their price objective on shares of Hewlett Packard Enterprise from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Zacks Research upgraded shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Citigroup decreased their price target on shares of Hewlett Packard Enterprise from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Finally, The Goldman Sachs Group started coverage on Hewlett Packard Enterprise in a research report on Tuesday, January 13th. They issued a “buy” rating and a $31.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $25.29.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $21.49 on Friday. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $26.44. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.01 and a quick ratio of 0.76. The company has a market capitalization of $28.55 billion, a price-to-earnings ratio of -358.07, a price-to-earnings-growth ratio of 0.59 and a beta of 1.33. The firm’s fifty day moving average price is $22.45 and its 200 day moving average price is $23.07.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Thursday, December 4th. The technology company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.03. The company had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.91 billion. Hewlett Packard Enterprise had a return on equity of 9.15% and a net margin of 0.17%.The company’s revenue was up 14.7% on a year-over-year basis. During the same period last year, the firm earned $0.58 earnings per share. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.250-2.450 EPS and its Q1 2026 guidance at 0.570-0.610 EPS. On average, research analysts forecast that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, December 19th were paid a dividend of $0.1425 per share. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, December 19th. This represents a $0.57 annualized dividend and a dividend yield of 2.7%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently -950.00%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 26,457 shares of the stock in a transaction on Monday, December 29th. The shares were sold at an average price of $24.49, for a total transaction of $647,931.93. Following the transaction, the chief executive officer directly owned 2,101,761 shares in the company, valued at $51,472,126.89. This represents a 1.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Kirt P. Karros sold 36,460 shares of the business’s stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $24.61, for a total transaction of $897,280.60. Following the completion of the sale, the senior vice president directly owned 18,785 shares of the company’s stock, valued at $462,298.85. The trade was a 66.00% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 585,537 shares of company stock valued at $14,255,864. Corporate insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Company 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.