QRG Capital Management Inc. Trims Stake in Hewlett Packard Enterprise Company $HPE

QRG Capital Management Inc. cut its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 54.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 193,315 shares of the technology company’s stock after selling 228,805 shares during the period. QRG Capital Management Inc.’s holdings in Hewlett Packard Enterprise were worth $4,748,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in HPE. TFC Financial Management Inc. increased its stake in shares of Hewlett Packard Enterprise by 2,694.4% during the third quarter. TFC Financial Management Inc. now owns 1,006 shares of the technology company’s stock valued at $25,000 after buying an additional 970 shares during the period. Headlands Technologies LLC bought a new position in Hewlett Packard Enterprise during the 2nd quarter worth about $26,000. CVA Family Office LLC increased its position in Hewlett Packard Enterprise by 126.7% during the 2nd quarter. CVA Family Office LLC now owns 1,437 shares of the technology company’s stock valued at $29,000 after purchasing an additional 803 shares during the period. Hantz Financial Services Inc. raised its holdings in shares of Hewlett Packard Enterprise by 74.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,611 shares of the technology company’s stock valued at $33,000 after purchasing an additional 687 shares in the last quarter. Finally, Hilltop National Bank purchased a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter worth approximately $35,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Down 2.3%

Hewlett Packard Enterprise stock opened at $21.45 on Monday. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $26.44. The business has a fifty day moving average price of $22.97 and a 200-day moving average price of $22.84. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.01 and a quick ratio of 0.76. The stock has a market capitalization of $28.63 billion, a price-to-earnings ratio of -357.44, a PEG ratio of 0.59 and a beta of 1.32.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Thursday, December 4th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.03. The company had revenue of $9.68 billion for the quarter, compared to analyst estimates of $9.91 billion. Hewlett Packard Enterprise had a return on equity of 9.15% and a net margin of 0.17%.The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.58 EPS. 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. Equities research analysts forecast that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, December 19th were paid a $0.1425 dividend. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, December 19th. This represents a $0.57 dividend on an annualized basis and a yield of 2.7%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is -950.00%.

Wall Street Analyst Weigh In

HPE has been the topic of several research reports. Argus lifted their price objective on shares of Hewlett Packard Enterprise from $25.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. The Goldman Sachs Group started coverage on Hewlett Packard Enterprise in a report on Tuesday, January 13th. They issued a “buy” rating and a $31.00 price target on the stock. Citigroup upped their price objective on Hewlett Packard Enterprise from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Piper Sandler assumed coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 22nd. They issued a “neutral” rating and a $24.00 target price on the stock. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $25.00 target price (down from $28.00) on shares of Hewlett Packard Enterprise in a report on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $25.53.

Insider Activity at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 26,457 shares of Hewlett Packard Enterprise stock in a transaction 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 completion of the sale, the chief executive officer directly owned 2,101,761 shares in the company, valued at approximately $51,472,126.89. The trade was a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Maeve C. Culloty sold 35,958 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $24.66, for a total value of $886,724.28. The SEC filing for this sale provides additional information. Insiders have sold 585,537 shares of company stock worth $14,255,864 in the last 90 days. 0.36% of the stock is owned by insiders.

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.