Polar Asset Management Partners Inc. Takes Position in Hewlett Packard Enterprise Company $HPE

Polar Asset Management Partners Inc. bought a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPEFree Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 580,439 shares of the technology company’s stock, valued at approximately $14,256,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HPE. TFC Financial Management Inc. increased its position in Hewlett Packard Enterprise by 2,694.4% in the 3rd quarter. TFC Financial Management Inc. now owns 1,006 shares of the technology company’s stock valued at $25,000 after acquiring an additional 970 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its position in Hewlett Packard Enterprise by 176.7% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company’s stock worth $26,000 after acquiring an additional 666 shares during the period. Chilton Capital Management LLC purchased a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at approximately $30,000. Headlands Technologies LLC purchased a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at approximately $26,000. Finally, Clearstead Trust LLC increased its holdings in shares of Hewlett Packard Enterprise by 93.8% in the third quarter. Clearstead Trust LLC now owns 1,291 shares of the technology company’s stock valued at $32,000 after purchasing an additional 625 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Kirt P. Karros sold 36,460 shares of the business’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $24.61, for a total transaction of $897,280.60. Following the sale, the senior vice president owned 18,785 shares of the company’s stock, valued at approximately $462,298.85. The trade was a 66.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Antonio F. Neri sold 26,457 shares of the company’s stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $24.49, for a total transaction of $647,931.93. Following the transaction, the chief executive officer owned 2,101,761 shares in the company, valued at $51,472,126.89. The trade was a 1.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on HPE shares. Argus upped their price target on Hewlett Packard Enterprise from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Citigroup boosted their price objective on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. The Goldman Sachs Group started coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, January 13th. They issued a “buy” rating and a $31.00 target price for the company. Finally, Bank of America raised their target price on shares of Hewlett Packard Enterprise from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $26.50.

Read Our Latest Stock Analysis on HPE

Key Stories Impacting Hewlett Packard Enterprise

Here are the key news stories impacting Hewlett Packard Enterprise this week:

Hewlett Packard Enterprise Stock Down 0.7%

HPE opened at $21.52 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.03 and a quick ratio of 0.75. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $26.44. The stock has a market capitalization of $28.55 billion, a P/E ratio of -113.24, a P/E/G ratio of 0.55 and a beta of 1.31. The business has a 50 day simple moving average of $21.80 and a 200-day simple moving average of $23.03.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last announced its quarterly earnings data on Monday, March 9th. The technology company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.31 billion. Hewlett Packard Enterprise had a positive return on equity of 9.93% and a negative net margin of 0.41%.Hewlett Packard Enterprise’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 earnings per share. 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. On average, equities analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Tuesday, March 24th will be paid a dividend of $0.1425 per share. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 2.6%. Hewlett Packard Enterprise’s dividend payout ratio is -300.00%.

Hewlett Packard Enterprise Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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