Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $5.60 Million Stock Holdings in Hewlett Packard Enterprise Company $HPE

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 78.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 227,868 shares of the technology company’s stock after acquiring an additional 100,139 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Hewlett Packard Enterprise were worth $5,597,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Empowered Funds LLC grew its stake in shares of Hewlett Packard Enterprise by 317.3% in the 1st quarter. Empowered Funds LLC now owns 149,810 shares of the technology company’s stock valued at $2,312,000 after purchasing an additional 113,906 shares during the period. Geneos Wealth Management Inc. boosted its stake in Hewlett Packard Enterprise by 44.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,456 shares of the technology company’s stock valued at $69,000 after buying an additional 1,377 shares in the last quarter. Brookstone Capital Management grew its position in Hewlett Packard Enterprise by 363.6% in the second quarter. Brookstone Capital Management now owns 89,497 shares of the technology company’s stock valued at $1,830,000 after acquiring an additional 70,193 shares during the period. Forum Financial Management LP raised its stake in Hewlett Packard Enterprise by 48.3% during the second quarter. Forum Financial Management LP now owns 33,357 shares of the technology company’s stock worth $682,000 after acquiring an additional 10,864 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its holdings in shares of Hewlett Packard Enterprise by 6.1% during the second quarter. Bleakley Financial Group LLC now owns 42,093 shares of the technology company’s stock valued at $861,000 after acquiring an additional 2,438 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Morgan Stanley lowered their target price on shares of Hewlett Packard Enterprise from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Wednesday. Citigroup decreased their price objective on shares of Hewlett Packard Enterprise from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Argus lifted their target price on shares of Hewlett Packard Enterprise from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Weiss Ratings restated 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 Hewlett Packard Enterprise in a report on Tuesday, January 13th. They set a “buy” rating and a $31.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $25.29.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, EVP Maeve C. Culloty sold 35,958 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $24.66, for a total transaction of $886,724.28. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Jeremy Cox sold 50,061 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $23.70, for a total value of $1,186,445.70. Following the completion of the sale, the senior vice president directly owned 26,905 shares of the company’s stock, valued at approximately $637,648.50. This trade represents a 65.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 585,537 shares of company stock valued at $14,255,864 over the last three months. 0.44% of the stock is owned by insiders.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $21.34 on Friday. 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 firm has a 50 day simple moving average of $22.80 and a 200 day simple moving average of $23.07. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $26.44. The firm has a market cap of $28.36 billion, a P/E ratio of -355.67, a P/E/G ratio of 0.59 and a beta of 1.33.

Hewlett Packard Enterprise (NYSE:HPE) last announced 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. The firm 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 business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company earned $0.58 EPS. 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. Sell-side analysts predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Increases Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 2.7%. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, December 19th. Hewlett Packard Enterprise’s payout ratio is presently -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.