Intact Investment Management Inc. Makes New Investment in Hewlett Packard Enterprise Company $HPE

Intact Investment Management Inc. bought a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 171,500 shares of the technology company’s stock, valued at approximately $4,212,000.

A number of other hedge funds have also made changes to their positions in HPE. Empowered Funds LLC boosted its stake in Hewlett Packard Enterprise by 317.3% during the 1st quarter. Empowered Funds LLC now owns 149,810 shares of the technology company’s stock valued at $2,312,000 after acquiring an additional 113,906 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Hewlett Packard Enterprise by 44.7% during the first quarter. Geneos Wealth Management Inc. now owns 4,456 shares of the technology company’s stock worth $69,000 after purchasing an additional 1,377 shares during the last quarter. Kathmere Capital Management LLC grew its stake in Hewlett Packard Enterprise by 91.0% in the second quarter. Kathmere Capital Management LLC now owns 24,671 shares of the technology company’s stock worth $505,000 after purchasing an additional 11,753 shares in the last quarter. Signaturefd LLC increased its holdings in Hewlett Packard Enterprise by 20.0% in the second quarter. Signaturefd LLC now owns 26,253 shares of the technology company’s stock valued at $537,000 after buying an additional 4,371 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its stake in Hewlett Packard Enterprise by 7.0% during the second quarter. V Square Quantitative Management LLC now owns 38,456 shares of the technology company’s stock valued at $786,000 after buying an additional 2,507 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

HPE stock opened at $21.37 on Tuesday. The company has a 50 day moving average price of $22.76 and a 200 day moving average price of $22.84. 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 current ratio of 1.01 and a quick ratio of 0.76. The stock has a market capitalization of $28.52 billion, a PE ratio of -356.11, a price-to-earnings-growth ratio of 0.58 and a beta of 1.32.

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

Hewlett Packard Enterprise Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, December 19th were paid a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, December 19th. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. Hewlett Packard Enterprise’s payout ratio is -950.00%.

Insider Activity

In other news, EVP Fidelma Russo sold 126,512 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $24.61, for a total transaction of $3,113,460.32. Following the transaction, the executive vice president owned 51,002 shares in the company, valued at $1,255,159.22. The trade was a 71.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jeremy Cox sold 50,061 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $23.70, for a total transaction of $1,186,445.70. Following the completion of the transaction, the senior vice president directly owned 26,905 shares of the company’s stock, valued at approximately $637,648.50. The trade was a 65.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 585,537 shares of company stock valued at $14,255,864. 0.36% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HPE. Citigroup lifted their target price on Hewlett Packard Enterprise from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. UBS Group boosted their target price on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Piper Sandler began coverage on shares of 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research report on Friday, December 26th. Finally, The Goldman Sachs Group assumed 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 on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and an average price target of $25.53.

Hewlett Packard Enterprise 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.