Viking Fund Management LLC Boosts Stock Holdings in Hewlett Packard Enterprise Company $HPE

Viking Fund Management LLC raised its stake in Hewlett Packard Enterprise Company (NYSE:HPEFree Report) by 22.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 490,000 shares of the technology company’s stock after acquiring an additional 90,000 shares during the period. Hewlett Packard Enterprise makes up 1.4% of Viking Fund Management LLC’s portfolio, making the stock its 19th largest holding. Viking Fund Management LLC’s holdings in Hewlett Packard Enterprise were worth $11,770,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Mcintyre Freedman & Flynn Investment Advisers Inc. grew its holdings in Hewlett Packard Enterprise by 743.7% during the 2nd quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 153,975 shares of the technology company’s stock valued at $3,149,000 after buying an additional 135,725 shares in the last quarter. Caxton Associates LLP raised its holdings in shares of Hewlett Packard Enterprise by 106.8% during the 2nd quarter. Caxton Associates LLP now owns 179,024 shares of the technology company’s stock worth $3,661,000 after acquiring an additional 92,438 shares in the last quarter. Knights of Columbus Asset Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 118.8% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 145,232 shares of the technology company’s stock valued at $3,567,000 after acquiring an additional 78,859 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Hewlett Packard Enterprise by 12.1% in the third quarter. Advisors Asset Management Inc. now owns 558,702 shares of the technology company’s stock valued at $13,722,000 after purchasing an additional 60,353 shares in the last quarter. Finally, National Pension Service grew its holdings in shares of Hewlett Packard Enterprise by 9.7% in the third quarter. National Pension Service now owns 3,787,479 shares of the technology company’s stock valued at $93,020,000 after purchasing an additional 334,424 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Insider Activity

In related news, CEO Antonio F. Neri sold 26,457 shares of the business’s stock in a transaction on Monday, December 29th. The stock was sold at an average price of $24.49, for a total transaction of $647,931.93. Following the completion of the transaction, the chief executive officer owned 2,101,761 shares in the company, valued at $51,472,126.89. The trade was a 1.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on HPE shares. Wall Street Zen raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Argus boosted their target price on shares of Hewlett Packard Enterprise from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Citigroup upped their target price on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Zacks Research raised shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Finally, Morgan Stanley boosted their price objective on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $26.50.

View Our Latest Stock Report on HPE

Hewlett Packard Enterprise News Summary

Here are the key news stories impacting Hewlett Packard Enterprise this week:

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $23.75 on Wednesday. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $26.44. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.71. The firm has a 50-day moving average price of $21.83 and a 200-day moving average price of $23.01. The firm has a market capitalization of $31.51 billion, a PE ratio of -125.01, a price-to-earnings-growth ratio of 0.57 and a beta of 1.31.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last issued its quarterly earnings results on Monday, March 9th. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.31 billion. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. The firm’s revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 EPS. 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. As a group, equities research analysts forecast that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Tuesday, March 24th will be issued a $0.1425 dividend. This represents a $0.57 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, March 24th. Hewlett Packard Enterprise’s dividend payout ratio is presently -300.00%.

Hewlett Packard Enterprise Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise Company (NYSE:HPEFree Report).

Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

Receive News & Ratings for Hewlett Packard Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.