AAFMAA Wealth Management & Trust LLC Invests $763,000 in Hewlett Packard Enterprise Company $HPE

AAFMAA Wealth Management & Trust LLC purchased a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 31,756 shares of the technology company’s stock, valued at approximately $763,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HPE. Elliott Investment Management L.P. acquired a new position in Hewlett Packard Enterprise during the second quarter valued at approximately $381,004,000. Jericho Capital Asset Management L.P. acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at approximately $416,900,000. Schroder Investment Management Group grew its position in shares of Hewlett Packard Enterprise by 192.4% in the 2nd quarter. Schroder Investment Management Group now owns 10,599,242 shares of the technology company’s stock valued at $216,754,000 after purchasing an additional 6,974,083 shares during the period. Holocene Advisors LP bought a new stake in Hewlett Packard Enterprise during the 3rd quarter worth approximately $144,468,000. Finally, Norges Bank acquired a new stake in Hewlett Packard Enterprise during the 2nd quarter worth approximately $110,093,000. 80.78% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Antonio F. Neri sold 26,457 shares of the company’s stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $24.49, for a total value of $647,931.93. Following the sale, the chief executive officer directly owned 2,101,761 shares in the company, valued at $51,472,126.89. This represents a 1.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Kirt P. Karros sold 36,460 shares of the stock in a transaction that occurred 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 sale, the senior vice president directly owned 18,785 shares of the company’s stock, valued at $462,298.85. This represents a 66.00% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Stock Down 2.0%

Shares of HPE opened at $21.69 on Friday. The firm has a 50 day simple moving average of $21.79 and a two-hundred day simple moving average of $23.02. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.03 and a quick ratio of 0.75. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $26.44. The company has a market cap of $28.77 billion, a P/E ratio of -114.14, a P/E/G ratio of 0.56 and a beta of 1.31.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Monday, March 9th. The technology company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. The firm had revenue of $9.30 billion during the quarter, compared to analysts’ expectations of $9.31 billion. During the same quarter in the prior year, the business earned $0.49 earnings per share. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.300-2.500 EPS and its Q2 2026 guidance at 0.510-0.550 EPS. Research analysts forecast that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th will be issued a dividend of $0.1425 per share. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a $0.57 annualized dividend and a yield of 2.6%. Hewlett Packard Enterprise’s payout ratio is presently -300.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HPE shares. Citigroup lifted their price target on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Morgan Stanley raised their price objective on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 10th. Zacks Research raised shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Bank of America upped their target price on shares of Hewlett Packard Enterprise from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Finally, Argus increased their target price on Hewlett Packard Enterprise from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and a consensus target price of $26.50.

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.