Fidelma Russo Sells 34,001 Shares of Hewlett Packard Enterprise (NYSE:HPE) Stock

Hewlett Packard Enterprise Company (NYSE:HPE) EVP Fidelma Russo sold 34,001 shares of the stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $25.08, for a total value of $852,745.08. Following the completion of the transaction, the executive vice president owned 17,001 shares in the company, valued at approximately $426,385.08. The trade was a 66.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $23.97 on Friday. The stock’s 50-day simple moving average is $22.01 and its 200-day simple moving average is $23.05. The firm has a market capitalization of $31.80 billion, a PE ratio of -126.15, a price-to-earnings-growth ratio of 0.64 and a beta of 1.31. 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 0.71, a quick ratio of 0.75 and a current ratio of 1.03.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Monday, March 9th. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.31 billion. Hewlett Packard Enterprise had a positive return on equity of 9.93% and a negative net margin of 0.41%.The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the company 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. As a group, equities research analysts forecast that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Tuesday, March 24th will be issued a $0.1425 dividend. The ex-dividend date is Tuesday, March 24th. This represents a $0.57 annualized dividend and a dividend yield of 2.4%. Hewlett Packard Enterprise’s dividend payout ratio is presently -300.00%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HPE. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Bank of America upped their price objective on shares of Hewlett Packard Enterprise from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, March 10th. Argus lifted 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. The Goldman Sachs Group initiated coverage on Hewlett Packard Enterprise in a report on Tuesday, January 13th. They issued a “buy” rating and a $31.00 target price for the company. Finally, Zacks Research raised Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and an average price target of $26.50.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC raised its holdings in shares of Hewlett Packard Enterprise by 5.6% in the fourth quarter. Hsbc Holdings PLC now owns 7,826,838 shares of the technology company’s stock valued at $187,983,000 after buying an additional 416,972 shares during the last quarter. Stance Capital LLC grew its holdings in shares of Hewlett Packard Enterprise by 2,563.7% during the fourth quarter. Stance Capital LLC now owns 56,977 shares of the technology company’s stock worth $1,369,000 after buying an additional 54,838 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Hewlett Packard Enterprise by 23.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 123,816 shares of the technology company’s stock worth $2,974,000 after buying an additional 23,298 shares during the last quarter. World Investment Advisors increased its position in Hewlett Packard Enterprise by 61.6% in the 4th quarter. World Investment Advisors now owns 55,040 shares of the technology company’s stock valued at $1,322,000 after acquiring an additional 20,971 shares during the period. Finally, Corient Private Wealth LLC increased its position in Hewlett Packard Enterprise by 8.2% in the 4th quarter. Corient Private Wealth LLC now owns 424,363 shares of the technology company’s stock valued at $10,197,000 after acquiring an additional 32,149 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

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.