ING Groep NV Reduces Holdings in Hewlett Packard Enterprise Company $HPE

ING Groep NV cut its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 75.8% in the 4th quarter, HoldingsChannel reports. The fund owned 106,220 shares of the technology company’s stock after selling 332,595 shares during the quarter. ING Groep NV’s holdings in Hewlett Packard Enterprise were worth $2,551,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Capital World Investors bought a new position in Hewlett Packard Enterprise during the 4th quarter valued at approximately $901,751,000. Capital International Sarl bought a new position in Hewlett Packard Enterprise during the 4th quarter valued at approximately $6,652,000. Capital International Ltd. CA bought a new position in Hewlett Packard Enterprise during the 4th quarter valued at approximately $2,938,000. Capital International Inc. CA bought a new position in Hewlett Packard Enterprise during the 4th quarter valued at approximately $6,298,000. Finally, Capital Group Investment Management PTE. LTD. bought a new position in Hewlett Packard Enterprise during the 4th quarter valued at approximately $644,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Trading Down 3.5%

Shares of NYSE HPE opened at $48.15 on Wednesday. Hewlett Packard Enterprise Company has a 1 year low of $17.49 and a 1 year high of $64.25. The stock has a market cap of $63.76 billion, a P/E ratio of 45.00, a price-to-earnings-growth ratio of 0.79 and a beta of 1.42. The firm has a 50-day moving average of $32.63 and a 200 day moving average of $26.07. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating 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 company had revenue of $10.68 billion during the quarter, compared to analysts’ expectations of $9.78 billion. During the same period last year, the company posted ($0.82) EPS. Hewlett Packard Enterprise’s 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. As a group, sell-side analysts expect that Hewlett Packard Enterprise Company will post 1.97 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th will be given a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, June 16th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 53.27%.

Insider Activity at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,482 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $29.10, for a total transaction of $188,626.20. Following the completion of the transaction, the director owned 8,018 shares of the company’s stock, valued at $233,323.80. This trade represents a 44.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Antonio F. Neri sold 264,432 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $25.18, for a total value of $6,658,397.76. Following 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 trade represents a 12.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 702,402 shares of company stock worth $18,440,171 over the last quarter. 0.44% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. JPMorgan Chase & Co. upped their price target on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. Wall Street Zen raised Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Barclays upped their price target on Hewlett Packard Enterprise from $28.00 to $67.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. Morgan Stanley raised their target price on Hewlett Packard Enterprise from $33.00 to $71.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 2nd. Finally, Argus raised their target price on Hewlett Packard Enterprise from $30.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Eleven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.65.

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.