Donoghue Forlines LLC Buys Shares of 88,852 Hewlett Packard Enterprise Company $HPE

Donoghue Forlines LLC purchased a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 88,852 shares of the technology company’s stock, valued at approximately $2,182,000.

A number of other hedge funds have also added to or reduced their stakes in HPE. Sequoia Financial Advisors LLC lifted its stake in Hewlett Packard Enterprise by 11.4% during the third quarter. Sequoia Financial Advisors LLC now owns 47,369 shares of the technology company’s stock worth $1,163,000 after purchasing an additional 4,861 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in shares of Hewlett Packard Enterprise by 10.5% during the 3rd quarter. Evergreen Capital Management LLC now owns 25,486 shares of the technology company’s stock worth $629,000 after buying an additional 2,414 shares in the last quarter. Vectors Research Management LLC bought a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth $221,000. Minneapolis Portfolio Management Group LLC boosted its stake in Hewlett Packard Enterprise by 1.9% in the third quarter. Minneapolis Portfolio Management Group LLC now owns 740,165 shares of the technology company’s stock valued at $18,178,000 after buying an additional 13,589 shares in the last quarter. Finally, Ritholtz Wealth Management grew its position in Hewlett Packard Enterprise by 4.5% in the third quarter. Ritholtz Wealth Management now owns 113,794 shares of the technology company’s stock valued at $2,795,000 after acquiring an additional 4,951 shares during the last quarter. 80.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HPE shares. The Goldman Sachs Group began coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, January 13th. They issued a “buy” rating and a $31.00 target price for the company. Piper Sandler began coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 22nd. They issued a “neutral” rating and a $24.00 price objective for the company. Citigroup boosted their target price on shares of Hewlett Packard Enterprise from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. UBS Group upped their price target on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Finally, Argus boosted their price objective on Hewlett Packard Enterprise from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of “Hold” and a consensus target price of $25.53.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 36,460 shares of the company’s stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $24.61, for a total transaction of $897,280.60. Following the transaction, the senior vice president owned 18,785 shares in the company, valued at approximately $462,298.85. This represents a 66.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Antonio F. Neri sold 26,457 shares of the firm’s stock in a transaction on Monday, December 29th. The shares were sold at an average price of $24.49, for a total value of $647,931.93. Following the transaction, the chief executive officer owned 2,101,761 shares in the company, valued at approximately $51,472,126.89. This trade represents a 1.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety 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 Stock Performance

NYSE:HPE opened at $21.45 on Friday. The company has a market capitalization of $28.63 billion, a PE ratio of -357.44, a P/E/G ratio of 0.59 and a beta of 1.32. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $26.44. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.01. The company has a 50 day simple moving average of $22.97 and a two-hundred day simple moving average of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Thursday, December 4th. The technology company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. Hewlett Packard Enterprise had a net margin of 0.17% and a return on equity of 9.15%. The company had revenue of $9.68 billion for the quarter, compared to analyst estimates of $9.91 billion. During the same period in the prior year, the firm posted $0.58 EPS. The company’s quarterly revenue was up 14.7% on a year-over-year basis. 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. Research analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share 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 issued 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 yield of 2.7%. Hewlett Packard Enterprise’s dividend payout ratio is currently -950.00%.

About Hewlett Packard Enterprise

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.