Nisa Investment Advisors LLC Sells 527,965 Shares of Hewlett Packard Enterprise Company $HPE

Nisa Investment Advisors LLC lowered its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 51.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 490,771 shares of the technology company’s stock after selling 527,965 shares during the period. Nisa Investment Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $12,117,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Hewlett Packard Enterprise in the third quarter worth about $98,000. Beaumont Financial Advisors LLC acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at approximately $207,000. Kingswood Wealth Advisors LLC acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter worth approximately $320,000. Venturi Wealth Management LLC bought a new position in Hewlett Packard Enterprise in the third quarter valued at approximately $245,000. Finally, Benjamin Edwards Inc. acquired a new position in shares of Hewlett Packard Enterprise in the third quarter valued at approximately $436,000. 80.78% of the stock is currently owned by institutional investors.

Insider Activity

In other Hewlett Packard Enterprise news, EVP Maeve C. Culloty sold 35,958 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $24.66, for a total value of $886,724.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 transaction, the senior vice president owned 18,785 shares in the company, valued at $462,298.85. This represents a 66.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 585,537 shares of company stock valued at $14,255,864. 0.36% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HPE shares. UBS Group raised their price objective on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Piper Sandler assumed coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 22nd. They issued a “neutral” rating and a $24.00 price target on the stock. Zacks Research upgraded Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Barclays increased their price objective on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Finally, Argus boosted their target price on Hewlett Packard Enterprise from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $25.53.

Hewlett Packard Enterprise Price Performance

NYSE:HPE opened at $22.16 on Friday. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $26.44. The company has a market cap of $29.57 billion, a P/E ratio of -369.21, a P/E/G ratio of 0.61 and a beta of 1.32. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.01. The stock’s 50-day simple moving average is $23.14 and its 200 day simple moving average is $22.73.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Thursday, December 4th. The technology company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.59 by $0.03. The firm had revenue of $9.68 billion during the quarter, compared to analysts’ expectations of $9.91 billion. Hewlett Packard Enterprise had a return on equity of 9.15% and a net margin of 0.17%.The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. As a group, 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 announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, December 19th will be issued a dividend of $0.1425 per share. The ex-dividend date is Friday, December 19th. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. This represents a $0.57 dividend on an annualized basis and a yield of 2.6%. Hewlett Packard Enterprise’s dividend payout ratio is presently -950.00%.

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.