Allstate Corp Buys New Stake in Hewlett Packard Enterprise Company $HPE

Allstate Corp purchased a new stake in Hewlett Packard Enterprise Company (NYSE:HPE) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 48,745 shares of the technology company’s stock, valued at approximately $1,197,000.

Several other large investors also recently bought and sold shares of the stock. Mcintyre Freedman & Flynn Investment Advisers Inc. increased its position in Hewlett Packard Enterprise by 743.7% during the second quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 153,975 shares of the technology company’s stock worth $3,149,000 after buying an additional 135,725 shares during the period. Caxton Associates LLP grew its position in shares of Hewlett Packard Enterprise by 106.8% during the second quarter. Caxton Associates LLP now owns 179,024 shares of the technology company’s stock worth $3,661,000 after acquiring an additional 92,438 shares during the last quarter. Shell Asset Management Co. grew its position in shares of Hewlett Packard Enterprise by 42.4% during the second quarter. Shell Asset Management Co. now owns 116,797 shares of the technology company’s stock worth $2,388,000 after acquiring an additional 34,801 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at $2,522,000. Finally, Swiss National Bank raised its position in Hewlett Packard Enterprise by 7.2% in the 2nd quarter. Swiss National Bank now owns 3,976,300 shares of the technology company’s stock valued at $81,315,000 after purchasing an additional 266,600 shares during the last quarter. Institutional investors and hedge funds 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. Over the last three months, insiders have sold 585,537 shares of company stock valued at $14,255,864. 0.36% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on HPE shares. Barclays raised their price objective on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Argus upped their target price on shares of Hewlett Packard Enterprise from $25.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Morgan Stanley reissued an “equal weight” rating and set a $25.00 price target (down previously from $28.00) on shares of Hewlett Packard Enterprise in a report on Monday, November 17th. Piper Sandler started coverage on Hewlett Packard Enterprise in a research report on Wednesday, October 22nd. They issued a “neutral” rating and a $24.00 price target on the stock. Finally, Zacks Research raised Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $25.53.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $21.03 on Thursday. The company has a current ratio of 1.01, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72. The stock has a 50 day simple moving average of $22.82 and a 200-day simple moving average of $22.82. The company has a market cap of $28.07 billion, a price-to-earnings ratio of -350.44, a price-to-earnings-growth ratio of 0.56 and a beta of 1.32. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Thursday, December 4th. The technology company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. The firm had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.91 billion. Hewlett Packard Enterprise had a return on equity of 9.15% and a net margin of 0.17%.The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $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, equities analysts forecast that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, December 19th were issued a $0.1425 dividend. The ex-dividend date was Friday, December 19th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. Hewlett Packard Enterprise’s payout ratio 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.