Hewlett Packard Enterprise Company $HPE Holdings Decreased by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 15.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,070,702 shares of the technology company’s stock after selling 726,113 shares during the quarter. Retirement Systems of Alabama owned about 0.31% of Hewlett Packard Enterprise worth $97,778,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Elliott Investment Management L.P. acquired a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter worth approximately $381,004,000. Jericho Capital Asset Management L.P. acquired a new position in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $416,900,000. Holocene Advisors LP bought a new stake in Hewlett Packard Enterprise during the third quarter worth approximately $144,468,000. Norges Bank acquired a new stake in Hewlett Packard Enterprise in the second quarter worth approximately $110,093,000. Finally, Slate Path Capital LP lifted its position in Hewlett Packard Enterprise by 36.2% in 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 period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HPE. Wall Street Zen upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Morgan Stanley raised their target price on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 10th. Argus lifted their target price on Hewlett Packard Enterprise from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Bank of America upped their price target on shares of Hewlett Packard Enterprise from $29.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, March 10th. Finally, The Goldman Sachs Group started coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, January 13th. They set a “buy” rating and a $31.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and an average target price of $26.50.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 112,652 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $25.09, for a total transaction of $2,826,438.68. Following the transaction, the executive vice president directly owned 56,494 shares in the company, valued at approximately $1,417,434.46. The trade was a 66.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Fidelma Russo sold 34,001 shares of the business’s 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 sale, the executive vice president directly owned 17,001 shares in the company, valued at approximately $426,385.08. This trade represents a 66.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 411,085 shares of company stock valued at $10,337,582 over the last ninety days. Corporate insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE opened at $22.54 on Tuesday. The stock’s fifty day simple moving average is $22.04 and its 200 day simple moving average is $23.02. The stock has a market capitalization of $29.90 billion, a price-to-earnings ratio of -118.61, a PEG ratio of 0.61 and a beta of 1.31. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.71. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Monday, March 9th. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. The business had revenue of $9.30 billion during the quarter, compared to the consensus estimate 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 revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the business 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. As a group, sell-side analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th will be issued a $0.1425 dividend. This represents a $0.57 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, March 24th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently -300.00%.

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.