Hewlett Packard Enterprise Company $HPE Stock: Retirement Systems of Alabama Decreases Position

Retirement Systems of Alabama decreased its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 23.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,781,760 shares of the technology company’s stock after selling 542,941 shares during the period. Retirement Systems of Alabama’s holdings in Hewlett Packard Enterprise were worth $113,837,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Triumph Capital Management grew its position in shares of Hewlett Packard Enterprise by 208.6% during the 3rd quarter. Triumph Capital Management now owns 466 shares of the technology company’s stock valued at $30,000 after acquiring an additional 315 shares during the period. Ramsey Quantitative Systems bought a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter worth approximately $31,000. Latitude Advisors LLC bought a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter worth approximately $37,000. Delos Wealth Advisors LLC bought a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter worth approximately $27,000. Finally, Pension & Wealth Management Advisors Inc. purchased a new position in Hewlett Packard Enterprise in the third quarter valued at approximately $40,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $47.59 on Tuesday. The firm’s 50 day moving average is $59.10 and its 200 day moving average is $41.52. The stock has a market capitalization of $63.17 billion, a P/E ratio of 24.78, a PEG ratio of 0.32 and a beta of 1.46. Hewlett Packard Enterprise Company has a 12 month low of $19.84 and a 12 month high of $73.56. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 0.65.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.18. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The business had revenue of $12.21 billion during the quarter, compared to analyst estimates of $11.97 billion. During the same period in the previous year, the business earned $0.44 EPS. Hewlett Packard Enterprise’s revenue was up 33.7% compared to the same quarter last year. Hewlett Packard Enterprise has set its Q4 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 3.750-3.850 EPS. On average, sell-side analysts anticipate that Hewlett Packard Enterprise Company will post 3.35 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, September 17th were given a $0.1425 dividend. The ex-dividend date was Thursday, September 17th. This represents a $0.57 annualized dividend and a dividend yield of 1.2%. Hewlett Packard Enterprise’s payout ratio is 29.69%.

Insider Activity

In related news, CEO Antonio Neri sold 250,000 shares of the business’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $60.44, for a total transaction of $15,110,000.00. Following the sale, the chief executive officer directly owned 1,432,393 shares in the company, valued at approximately $86,573,832.92. The trade was a 14.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rami Rahim sold 34,456 shares of the stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $61.42, for a total value of $2,116,287.52. Following the sale, the executive vice president directly owned 875,133 shares in the company, valued at $53,750,668.86. This trade represents a 3.79% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 585,899 shares of company stock worth $37,270,329. 0.44% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HPE shares. Argus reissued a “buy” rating and set a $70.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, September 4th. Susquehanna lowered their target price on Hewlett Packard Enterprise from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, September 4th. Deutsche Bank Aktiengesellschaft began coverage on Hewlett Packard Enterprise in a research report on Tuesday, September 1st. They set a “buy” rating and a $62.00 price target on the stock. Raymond James Financial increased their price target on Hewlett Packard Enterprise from $74.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, September 3rd. Finally, The Goldman Sachs Group lifted their price objective on Hewlett Packard Enterprise from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, October 6th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $65.44.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise (HPE) is a global information technology company that provides products and services for businesses, governments and other organizations. Its offerings span servers and computing systems, data storage, networking, hybrid cloud, artificial intelligence and edge computing.

HPE sells systems such as HPE ProLiant servers and HPE Alletra storage, along with networking products through HPE Aruba Networking. Its HPE GreenLake platform provides cloud and IT services through a flexible, consumption-based model.