Hilltop Holdings Inc. Reduces Holdings in Hewlett Packard Enterprise Company $HPE

Hilltop Holdings Inc. reduced its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 77.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 17,221 shares of the technology company’s stock after selling 59,789 shares during the period. Hilltop Holdings Inc.’s holdings in Hewlett Packard Enterprise were worth $410,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of HPE. Vanguard Group Inc. raised its holdings in shares of Hewlett Packard Enterprise by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company’s stock worth $4,156,870,000 after buying an additional 1,917,719 shares during the last quarter. Capital World Investors purchased a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at $901,751,000. Geode Capital Management LLC increased its position in shares of Hewlett Packard Enterprise by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 34,869,143 shares of the technology company’s stock valued at $835,626,000 after acquiring an additional 431,728 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at $433,537,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Hewlett Packard Enterprise by 0.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,193,841 shares of the technology company’s stock worth $316,916,000 after acquiring an additional 49,508 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Price Performance

NYSE:HPE opened at $48.19 on Tuesday. Hewlett Packard Enterprise Company has a one year low of $19.64 and a one year high of $64.25. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.75 and a current ratio of 1.09. The firm has a market cap of $63.81 billion, a price-to-earnings ratio of 45.04, a PEG ratio of 0.52 and a beta of 1.42. The firm’s fifty day moving average is $45.43 and its two-hundred day moving average is $31.61.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.25. The business had revenue of $10.68 billion during the quarter, compared to analyst estimates of $9.78 billion. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The company’s revenue was up 40.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.82) EPS. 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. Research analysts expect that Hewlett Packard Enterprise Company will post 2.88 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th were paid a dividend of $0.1425 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.2%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 53.27%.

Insider Activity

In related news, SVP Kirt P. Karros sold 18,785 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $48.50, for a total value of $911,072.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 6,482 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $29.10, for a total transaction of $188,626.20. Following the sale, the director directly owned 8,018 shares in the company, valued at $233,323.80. This trade represents a 44.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 118,850 shares of company stock valued at $3,908,125 in the last three months. 0.44% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HPE. Morgan Stanley boosted their price target on Hewlett Packard Enterprise from $33.00 to $71.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 2nd. Loop Capital upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and raised their price objective for the stock from $23.00 to $75.00 in a research note on Tuesday, June 2nd. Truist Financial reaffirmed a “buy” rating and set a $69.00 target price (up from $31.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. Barclays upped their target price on Hewlett Packard Enterprise from $28.00 to $67.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. Finally, Weiss Ratings upgraded shares of Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.31.

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.