Sanders Morris Harris LLC Makes New Investment in Hewlett Packard Enterprise Company $HPE

Sanders Morris Harris LLC acquired a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 26,000 shares of the technology company’s stock, valued at approximately $639,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Brooklyn Investment Group raised its position in shares of Hewlett Packard Enterprise by 7.3% in the first quarter. Brooklyn Investment Group now owns 19,478 shares of the technology company’s stock valued at $301,000 after purchasing an additional 1,323 shares during the period. Northern Trust Corp raised its holdings in Hewlett Packard Enterprise by 3.4% in the 1st quarter. Northern Trust Corp now owns 16,730,015 shares of the technology company’s stock worth $258,144,000 after acquiring an additional 545,775 shares during the period. Korea Investment CORP lifted its position in Hewlett Packard Enterprise by 8.4% during the 1st quarter. Korea Investment CORP now owns 1,087,777 shares of the technology company’s stock worth $16,784,000 after acquiring an additional 83,856 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Hewlett Packard Enterprise by 12.1% during the first quarter. Wellington Management Group LLP now owns 167,137 shares of the technology company’s stock valued at $2,579,000 after acquiring an additional 18,010 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its position in shares of Hewlett Packard Enterprise by 2.1% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 684,689 shares of the technology company’s stock valued at $10,574,000 after purchasing an additional 13,820 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock opened at $23.91 on Thursday. Hewlett Packard Enterprise Company has a 1 year low of $11.97 and a 1 year high of $26.44. The company has a current ratio of 1.01, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72. The firm’s 50 day moving average is $23.20 and its 200-day moving average is $22.03. The firm has a market capitalization of $31.54 billion, a price-to-earnings ratio of -398.38, a PEG ratio of 0.66 and a beta of 1.34.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Thursday, December 4th. The technology company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.03. Hewlett Packard Enterprise had a net margin of 0.17% and a return on equity of 9.15%. The firm had revenue of $9.68 billion during the quarter, compared to analysts’ expectations of $9.91 billion. During the same quarter in the previous year, the company posted $0.58 EPS. Hewlett Packard Enterprise’s revenue was up 14.7% on a year-over-year basis. 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. Sell-side analysts forecast that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, December 19th will be paid a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a dividend yield of 2.4%. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, December 19th. Hewlett Packard Enterprise’s payout ratio is currently -866.67%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Argus lifted their price target on 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 raised shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Piper Sandler initiated coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, October 22nd. They issued a “neutral” rating and a $24.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, October 8th. Finally, Raymond James Financial increased their target price on shares of Hewlett Packard Enterprise from $29.00 to $30.00 and gave the company a “strong-buy” rating in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Hold” and an average price target of $25.53.

Insider Buying and Selling

In other news, EVP Maeve C. Culloty sold 35,958 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $24.66, for a total value of $886,724.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Fidelma Russo sold 126,512 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $24.61, for a total transaction of $3,113,460.32. Following the transaction, the executive vice president owned 51,002 shares of the company’s stock, valued at approximately $1,255,159.22. This represents a 71.27% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 526,358 shares of company stock worth $12,804,550. 0.36% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.