DAVENPORT & Co LLC Trims Stake in Hewlett Packard Enterprise Company $HPE

DAVENPORT & Co LLC lowered its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 35.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,453 shares of the technology company’s stock after selling 21,660 shares during the period. DAVENPORT & Co LLC’s holdings in Hewlett Packard Enterprise were worth $948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of HPE. Elliott Investment Management L.P. bought a new position in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $381,004,000. Jericho Capital Asset Management L.P. bought a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth approximately $416,900,000. Schroder Investment Management Group lifted its stake in shares of Hewlett Packard Enterprise by 192.4% during the 2nd 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 during the last quarter. Holocene Advisors LP purchased a new position in Hewlett Packard Enterprise during the 3rd quarter valued at $144,468,000. Finally, Norges Bank purchased a new position in Hewlett Packard Enterprise during the 2nd quarter valued at $110,093,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

HPE has been the topic of a number of recent analyst reports. The Goldman Sachs Group started coverage on Hewlett Packard Enterprise in a research note on Tuesday, January 13th. They issued a “buy” rating and a $31.00 target price on the stock. Bank of America boosted their target price 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. Weiss Ratings restated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a report on Wednesday. Citigroup raised their price target on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Finally, Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and an average price target of $26.50.

Hewlett Packard Enterprise Trading Up 0.1%

Shares of NYSE:HPE opened at $23.97 on Monday. The company has a market capitalization of $31.80 billion, a PE ratio of -126.15, a P/E/G ratio of 0.61 and a beta of 1.31. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.71. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $26.44. The business’s fifty day simple moving average is $22.01 and its 200-day simple moving average is $23.03.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Monday, March 9th. The technology company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. Hewlett Packard Enterprise had a positive return on equity of 9.93% and a negative net margin of 0.41%.The firm had revenue of $9.30 billion during the quarter, compared to analysts’ expectations of $9.31 billion. During the same period in the prior year, the business posted $0.49 EPS. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. 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 predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

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

Insider Activity

In related news, CEO Antonio F. Neri sold 264,432 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $25.18, for a total transaction of $6,658,397.76. Following the completion of the transaction, the chief executive officer owned 1,837,329 shares in the company, valued at $46,263,944.22. The trade was a 12.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Neil B. Macdonald sold 112,652 shares of the stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $25.09, for a total transaction of $2,826,438.68. Following the sale, the executive vice president directly owned 56,494 shares of the company’s stock, valued at $1,417,434.46. The trade was a 66.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 411,085 shares of company stock worth $10,337,582. Corporate insiders own 0.44% of the company’s stock.

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.