North Dakota State Investment Board Acquires Shares of 44,968 Hewlett Packard Enterprise Company $HPE

North Dakota State Investment Board purchased a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 44,968 shares of the technology company’s stock, valued at approximately $1,080,000.

Several other institutional investors have also recently modified their holdings of the stock. Empowered Funds LLC raised its holdings in Hewlett Packard Enterprise by 317.3% in the 1st quarter. Empowered Funds LLC now owns 149,810 shares of the technology company’s stock valued at $2,312,000 after acquiring an additional 113,906 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Hewlett Packard Enterprise by 44.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,456 shares of the technology company’s stock worth $69,000 after purchasing an additional 1,377 shares during the period. Brown Advisory Inc. lifted its holdings in Hewlett Packard Enterprise by 4.4% in the 2nd quarter. Brown Advisory Inc. now owns 23,593 shares of the technology company’s stock worth $482,000 after buying an additional 996 shares in the last quarter. Jump Financial LLC lifted its holdings in Hewlett Packard Enterprise by 25.8% in the 2nd quarter. Jump Financial LLC now owns 15,662 shares of the technology company’s stock worth $320,000 after buying an additional 3,215 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new position in Hewlett Packard Enterprise in the 2nd quarter worth $207,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hewlett Packard Enterprise

In other news, EVP Fidelma Russo sold 34,001 shares of the stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $25.08, for a total transaction of $852,745.08. Following the transaction, the executive vice president owned 17,001 shares in the company, valued at $426,385.08. This represents a 66.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Marie Myers sold 93,583 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $30.01, for a total transaction of $2,808,425.83. Following the transaction, the chief financial officer owned 204,754 shares in the company, valued at approximately $6,144,667.54. This trade represents a 31.37% decrease in their position. 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 a total of 702,402 shares of company stock worth $18,440,171 over the last quarter. 0.44% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HPE. Raymond James Financial restated an “outperform” rating and issued a $29.00 target price (down from $30.00) on shares of Hewlett Packard Enterprise in a research note on Monday, April 13th. Truist Financial initiated coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, March 31st. They set a “buy” rating and a $31.00 price objective on the stock. Morgan Stanley increased their price objective on shares of 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. Citigroup upped their target price on shares of Hewlett Packard Enterprise from $27.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Finally, Wall Street Zen cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Sunday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.41.

Hewlett Packard Enterprise Stock Up 3.5%

Shares of NYSE:HPE opened at $33.77 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.75 and a current ratio of 1.03. The company has a market cap of $44.80 billion, a PE ratio of -177.72, a price-to-earnings-growth ratio of 0.84 and a beta of 1.28. Hewlett Packard Enterprise Company has a 52 week low of $17.02 and a 52 week high of $34.69. The firm has a 50 day simple moving average of $26.42 and a 200 day simple moving average of $23.93.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Monday, March 9th. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. The company had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.31 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. The company’s revenue was up 18.4% compared to the same quarter last year. 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, research analysts expect that Hewlett Packard Enterprise Company will post 1.96 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Tuesday, March 24th were paid a dividend of $0.1425 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.57 annualized dividend and a dividend yield of 1.7%. Hewlett Packard Enterprise’s dividend payout ratio is -300.00%.

About Hewlett Packard Enterprise

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.