QRG Capital Management Inc. Sells 22,863 Shares of Hewlett Packard Enterprise Company $HPE

QRG Capital Management Inc. lowered its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 11.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 180,004 shares of the technology company’s stock after selling 22,863 shares during the period. QRG Capital Management Inc.’s holdings in Hewlett Packard Enterprise were worth $4,286,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Headlands Technologies LLC acquired a new stake in Hewlett Packard Enterprise in the second quarter valued at about $26,000. SJS Investment Consulting Inc. raised its stake in Hewlett Packard Enterprise by 159.5% during the first quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock worth $28,000 after acquiring an additional 716 shares in the last quarter. Union Savings Bank bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth about $30,000. Reflection Asset Management bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth about $31,000. Finally, Thompson Investment Management Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at approximately $34,000. 80.78% of the stock is currently owned by institutional investors.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP Neil B. Macdonald sold 24,251 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $27.01, for a total transaction of $655,019.51. Following the completion of the transaction, the executive vice president directly owned 32,243 shares of the company’s stock, valued at $870,883.43. This trade represents a 42.93% decrease in their position. The sale was disclosed in a document filed 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, EVP Fidelma Russo sold 17,001 shares of Hewlett Packard Enterprise stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $27.97, for a total value of $475,517.97. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 310,102 shares of company stock valued at $9,013,662 in the last quarter. Insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $41.06 on Monday. The business has a 50 day moving average of $40.18 and a 200-day moving average of $29.07. Hewlett Packard Enterprise Company has a 1 year low of $19.64 and a 1 year high of $64.25. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75. The company has a market capitalization of $54.37 billion, a P/E ratio of 38.37, a P/E/G ratio of 0.45 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, topping the consensus estimate 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 business had revenue of $10.68 billion for the quarter, compared to the consensus estimate of $9.78 billion. During the same period last year, the company earned ($0.82) EPS. The firm’s revenue was up 40.0% compared to the same quarter last year. 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. On average, equities research analysts predict that Hewlett Packard Enterprise Company will post 2.88 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th will be paid a dividend of $0.1425 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.57 annualized dividend and a dividend yield of 1.4%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 53.27%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HPE shares. UBS Group lifted their price target on shares of Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. Susquehanna raised their target price on shares of Hewlett Packard Enterprise from $21.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. Wall Street Zen raised shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 10th. The Goldman Sachs Group upped their price target on shares of Hewlett Packard Enterprise from $32.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Finally, Raymond James Financial increased their price target on Hewlett Packard Enterprise from $29.00 to $74.00 and gave the company an “outperform” rating in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $64.65.

Hewlett Packard Enterprise 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.