Cibc World Market Inc. Purchases 61,871 Shares of Hewlett Packard Enterprise Company $HPE

Cibc World Market Inc. lifted its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 34.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 242,036 shares of the technology company’s stock after acquiring an additional 61,871 shares during the period. Cibc World Market Inc.’s holdings in Hewlett Packard Enterprise were worth $5,944,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HPE. Vanguard Group Inc. increased its holdings in Hewlett Packard Enterprise by 1.6% in the second quarter. Vanguard Group Inc. now owns 169,804,055 shares of the technology company’s stock worth $3,472,493,000 after purchasing an additional 2,604,059 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Hewlett Packard Enterprise by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 34,421,976 shares of the technology company’s stock worth $701,864,000 after buying an additional 724,974 shares during the period. Elliott Investment Management L.P. acquired a new position in shares of Hewlett Packard Enterprise during the 2nd quarter valued at $381,004,000. Slate Path Capital LP boosted its stake in Hewlett Packard Enterprise by 36.2% during the second quarter. Slate Path Capital LP now owns 15,896,242 shares of the technology company’s stock worth $325,078,000 after acquiring an additional 4,221,678 shares in the last quarter. Finally, Schroder Investment Management Group boosted its stake in Hewlett Packard Enterprise by 192.4% during the second quarter. Schroder Investment Management Group now owns 10,599,242 shares of the technology company’s stock worth $216,754,000 after acquiring an additional 6,974,083 shares in the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $22.67 on Friday. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $26.44. The company has a quick ratio of 0.76, a current ratio of 1.01 and a debt-to-equity ratio of 0.72. The business has a 50 day moving average price of $23.06 and a 200-day moving average price of $23.01. The company has a market cap of $30.12 billion, a PE ratio of -377.70, a price-to-earnings-growth ratio of 0.62 and a beta of 1.33.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Thursday, December 4th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.03. The business had revenue of $9.68 billion during 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%.Hewlett Packard Enterprise’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the company 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. Equities analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, December 19th were given a dividend of $0.1425 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a $0.57 annualized dividend and a dividend yield of 2.5%. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. Hewlett Packard Enterprise’s payout ratio is -950.00%.

Wall Street Analysts Forecast Growth

HPE has been the topic of several research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a report on Friday, December 26th. Morgan Stanley reaffirmed an “equal weight” rating and set a $25.00 price target (down from $28.00) on shares of Hewlett Packard Enterprise in a research note on Monday, November 17th. Piper Sandler started coverage on 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. Argus upped their target price 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. Finally, Zacks Research upgraded Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $25.53.

Insider Buying and Selling

In related news, EVP Fidelma Russo sold 126,512 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president directly owned 51,002 shares of the company’s stock, valued at approximately $1,255,159.22. This trade represents a 71.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jeremy Cox sold 50,061 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $23.70, for a total value of $1,186,445.70. Following the completion of the transaction, the senior vice president directly owned 26,905 shares in the company, valued at approximately $637,648.50. This represents a 65.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 585,537 shares of company stock valued at $14,255,864 over the last quarter. Corporate insiders own 0.36% of the company’s stock.

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.