Strs Ohio Reduces Stock Position in Hewlett Packard Enterprise Company $HPE

Strs Ohio trimmed its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 20.2% during the third quarter, HoldingsChannel.com reports. The firm owned 964,555 shares of the technology company’s stock after selling 243,715 shares during the period. Strs Ohio’s holdings in Hewlett Packard Enterprise were worth $23,689,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Hewlett Packard Enterprise by 1.6% in the second quarter. Vanguard Group Inc. now owns 169,804,055 shares of the technology company’s stock worth $3,472,493,000 after buying an additional 2,604,059 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Hewlett Packard Enterprise by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 34,421,976 shares of the technology company’s stock worth $701,864,000 after purchasing an additional 724,974 shares during the last quarter. Elliott Investment Management L.P. acquired a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter valued at about $381,004,000. Slate Path Capital LP lifted its position in shares of Hewlett Packard Enterprise by 36.2% during the second quarter. Slate Path Capital LP now owns 15,896,242 shares of the technology company’s stock worth $325,078,000 after purchasing an additional 4,221,678 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake in Hewlett Packard Enterprise by 192.4% in the second quarter. Schroder Investment Management Group now owns 10,599,242 shares of the technology company’s stock worth $216,754,000 after purchasing an additional 6,974,083 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

HPE has been the topic of several research reports. UBS Group upped their price objective on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Zacks Research raised Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. The Goldman Sachs Group began coverage on Hewlett Packard Enterprise in a research note on Tuesday, January 13th. They set a “buy” rating and a $31.00 price objective on the stock. Piper Sandler began coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 22nd. They set a “neutral” rating and a $24.00 target price for the company. Finally, Morgan Stanley restated an “equal weight” rating and issued a $25.00 price target (down from $28.00) on shares of Hewlett Packard Enterprise in a research report on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $25.53.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Maeve C. Culloty sold 35,958 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $24.66, for a total transaction of $886,724.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Fidelma Russo sold 126,512 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $24.61, for a total value of $3,113,460.32. Following the completion of the transaction, the executive vice president directly owned 51,002 shares of the company’s stock, valued at approximately $1,255,159.22. The trade was a 71.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 585,537 shares of company stock valued at $14,255,864. Company insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $21.05 on Friday. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $26.44. 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 business’s fifty day moving average price is $22.76 and its two-hundred day moving average price is $22.82. The firm has a market capitalization of $28.09 billion, a PE ratio of -350.77, a P/E/G ratio of 0.58 and a beta of 1.32.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $9.91 billion. Hewlett Packard Enterprise had a net margin of 0.17% and a return on equity of 9.15%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 earnings per share. 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. On average, research analysts expect that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Increases Dividend

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

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.