Contravisory Investment Management Inc. Buys Shares of 44,950 Hewlett Packard Enterprise Company $HPE

Contravisory Investment Management Inc. purchased a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 44,950 shares of the technology company’s stock, valued at approximately $1,080,000.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Hewlett Packard Enterprise by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 171,140,995 shares of the technology company’s stock valued at $4,203,223,000 after purchasing an additional 1,336,940 shares in the last quarter. Elliott Investment Management L.P. acquired a new stake in Hewlett Packard Enterprise in the second quarter valued at $381,004,000. Jericho Capital Asset Management L.P. acquired a new stake in Hewlett Packard Enterprise in the third quarter valued at $416,900,000. Slate Path Capital LP increased its position in shares of Hewlett Packard Enterprise by 36.2% in the second quarter. Slate Path Capital LP now owns 15,896,242 shares of the technology company’s stock valued at $325,078,000 after buying an additional 4,221,678 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Hewlett Packard Enterprise by 0.3% during the 3rd quarter. Legal & General Group Plc now owns 13,241,459 shares of the technology company’s stock worth $325,210,000 after buying an additional 36,765 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE opened at $22.29 on Tuesday. The company has a 50-day simple moving average of $21.80 and a 200-day simple moving average of $23.01. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.03 and a quick ratio of 0.75. The company has a market cap of $29.58 billion, a PE ratio of -117.34, a price-to-earnings-growth ratio of 0.55 and a beta of 1.31. 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 announced its quarterly earnings data on Monday, March 9th. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. The business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.31 billion. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 earnings per share. 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. On average, equities analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Tuesday, March 24th will be given a $0.1425 dividend. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 2.6%. Hewlett Packard Enterprise’s payout ratio is currently -300.00%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 26,457 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $51,472,126.89. This trade represents a 1.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kirt P. Karros sold 36,460 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $24.61, for a total value of $897,280.60. Following the completion of the sale, the senior vice president owned 18,785 shares of the company’s stock, valued at $462,298.85. This trade represents a 66.00% decrease in their position. The SEC filing for this sale provides additional information. 0.44% of the stock is owned by insiders.

Analyst Ratings Changes

HPE has been the topic of a number of research reports. Citigroup increased their price objective 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. Zacks Research raised shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. The Goldman Sachs Group assumed coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, January 13th. They set a “buy” rating and a $31.00 price objective for the company. Morgan Stanley lifted their price objective on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 10th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a report on Friday, December 26th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and a consensus target price of $26.50.

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.