Hewlett Packard Enterprise Company $HPE Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. decreased its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 8.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 324,438 shares of the technology company’s stock after selling 30,761 shares during the quarter. Foster & Motley Inc.’s holdings in Hewlett Packard Enterprise were worth $7,793,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in HPE. Allspring Global Investments Holdings LLC boosted its stake in shares of Hewlett Packard Enterprise by 1.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 65,701 shares of the technology company’s stock worth $1,588,000 after acquiring an additional 656 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in Hewlett Packard Enterprise by 3.0% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 505,757 shares of the technology company’s stock worth $12,148,000 after acquiring an additional 14,757 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 21.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 118,485 shares of the technology company’s stock worth $2,846,000 after purchasing an additional 21,211 shares during the last quarter. Thompson Investment Management Inc. acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth $34,000. Finally, Spire Wealth Management grew its holdings in shares of Hewlett Packard Enterprise by 15.4% in the fourth quarter. Spire Wealth Management now owns 7,725 shares of the technology company’s stock valued at $186,000 after purchasing an additional 1,031 shares during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, March 25th. Argus boosted their price objective on Hewlett Packard Enterprise from $25.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. The Goldman Sachs Group assumed coverage on Hewlett Packard Enterprise in a report on Tuesday, January 13th. They set a “buy” rating and a $31.00 target price for the company. Zacks Research raised Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Finally, Citigroup increased their price target on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $26.50.

Insiders Place Their Bets

In other news, CEO Antonio F. Neri sold 264,432 shares of the company’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $25.18, for a total transaction of $6,658,397.76. Following the completion of the transaction, the chief executive officer directly owned 1,837,329 shares of the company’s stock, valued at approximately $46,263,944.22. This represents a 12.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Fidelma Russo sold 34,001 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $25.08, for a total value of $852,745.08. Following the completion of the transaction, the executive vice president directly owned 17,001 shares of the company’s stock, valued at $426,385.08. This trade represents a 66.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 411,085 shares of company stock valued at $10,337,582 in the last ninety days. Insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $22.54 on Tuesday. The business’s 50-day moving average is $22.04 and its two-hundred day moving average is $23.02. 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 firm has a market capitalization of $29.90 billion, a P/E ratio of -118.61, a P/E/G ratio of 0.61 and a beta of 1.31.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results 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. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. The company had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.31 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The firm’s quarterly revenue 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. Analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm 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 2.5%. The ex-dividend date of this dividend is Tuesday, March 24th. Hewlett Packard Enterprise’s payout ratio is -300.00%.

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.