Hewlett Packard Enterprise Company $HPE Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 3.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,101,425 shares of the technology company’s stock after selling 41,460 shares during the quarter. New York State Teachers Retirement System’s holdings in Hewlett Packard Enterprise were worth $27,051,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in HPE. Elliott Investment Management L.P. acquired a new position in Hewlett Packard Enterprise in the 2nd quarter valued at about $381,004,000. Assenagon Asset Management S.A. grew its holdings in shares of Hewlett Packard Enterprise by 3,847.1% during the second quarter. Assenagon Asset Management S.A. now owns 8,831,262 shares of the technology company’s stock worth $180,599,000 after buying an additional 8,607,523 shares in the last quarter. Schroder Investment Management Group raised its position in shares of Hewlett Packard Enterprise by 192.4% in the second quarter. Schroder Investment Management Group now owns 10,599,242 shares of the technology company’s stock valued at $216,754,000 after buying an additional 6,974,083 shares during the last quarter. Norges Bank purchased a new position in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $110,093,000. Finally, Mizuho Markets Cayman LP acquired a new stake in Hewlett Packard Enterprise during the second quarter worth approximately $105,700,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, EVP Maeve C. Culloty sold 35,958 shares of the stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Antonio F. Neri sold 26,457 shares of Hewlett Packard Enterprise stock in a transaction that occurred 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 sale, the chief executive officer owned 2,101,761 shares in the company, valued at $51,472,126.89. This represents a 1.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 585,537 shares of company stock valued at $14,255,864. 0.36% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

HPE has been the subject of several analyst reports. Citigroup boosted their price target on Hewlett Packard Enterprise from $26.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research note on Friday, December 26th. Morgan Stanley reiterated an “equal weight” rating and set a $25.00 target price (down from $28.00) on shares of Hewlett Packard Enterprise in a research report on Monday, November 17th. UBS Group upped their price objective on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Finally, Piper Sandler began coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, October 22nd. They set a “neutral” rating and a $24.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $25.53.

Hewlett Packard Enterprise Trading Down 0.4%

NYSE HPE opened at $22.08 on Tuesday. The firm has a market capitalization of $29.47 billion, a price-to-earnings ratio of -367.99, a PEG 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. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $26.44. The company’s 50 day moving average price is $23.10 and its 200 day moving average price is $22.79.

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

Hewlett Packard Enterprise Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, December 19th will be paid a dividend of $0.1425 per share. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. This represents a $0.57 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, December 19th. Hewlett Packard Enterprise’s 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.