Empirical Financial Services LLC d.b.a. Empirical Wealth Management Raises Stock Position in Hewlett Packard Enterprise Company $HPE

Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 13.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 258,668 shares of the technology company’s stock after purchasing an additional 30,800 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Hewlett Packard Enterprise were worth $6,213,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Viking Fund Management LLC increased its stake in Hewlett Packard Enterprise by 22.5% during the fourth quarter. Viking Fund Management LLC now owns 490,000 shares of the technology company’s stock worth $11,770,000 after acquiring an additional 90,000 shares during the last quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. lifted its stake in shares of Hewlett Packard Enterprise by 743.7% in the 2nd quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 153,975 shares of the technology company’s stock valued at $3,149,000 after purchasing an additional 135,725 shares during the last quarter. Caxton Associates LLP grew its holdings in shares of Hewlett Packard Enterprise by 106.8% during the 2nd quarter. Caxton Associates LLP now owns 179,024 shares of the technology company’s stock worth $3,661,000 after purchasing an additional 92,438 shares during the period. Knights of Columbus Asset Advisors LLC grew its holdings in shares of Hewlett Packard Enterprise by 118.8% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 145,232 shares of the technology company’s stock worth $3,567,000 after purchasing an additional 78,859 shares during the period. Finally, Advisors Asset Management Inc. increased its position in shares of Hewlett Packard Enterprise by 12.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 558,702 shares of the technology company’s stock worth $13,722,000 after purchasing an additional 60,353 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise News Roundup

Here are the key news stories impacting Hewlett Packard Enterprise this week:

• Positive Sentiment: Truist initiated coverage with a Buy/Strong-Buy and set a $31 price target (roughly 29% upside from current levels), providing a clear near-term catalyst for buying interest. Truist initiates coverage of Hewlett Packard Enterprise (HPE) with buy recommendation
• Positive Sentiment: Zacks/other outlets upgraded HPE to a Strong-Buy, adding to the analyst momentum that supports higher expectations and retail/institutional flows. Zacks.com
• Positive Sentiment: Institutional buying: Ariel Global Fund disclosed a new position in HPE in Q4, signaling confidence from a value-oriented active manager. Ariel Global Fund Initiated a Position in Hewlett Packard Enterprise Company (HPE) in Q4
• Positive Sentiment: Product/strategy news: HPE rolled out new security and AI infrastructure offerings (AI governance, confidential computing, edge security and a national AI Experience Center) that support higher-margin services and enterprise AI adoption. HPE Security And AI Push Raises Questions On Value And Growth Potential
• Neutral Sentiment: Valuation/attention: Analysts and commentators are reassessing HPE after recent share strength (roughly +11% over the last month), weighing upside vs. stretched near-term multiples. Assessing Hewlett Packard Enterprise (HPE) Valuation After Recent Share Price Strength
• Neutral Sentiment: S&P 500 trading/activity spotlight: HPE’s share activity has drawn attention in S&P 500 discussions, which can increase volume and volatility but isn’t a direct fundamental change. Hewlett Packard Enterprise (NYSE:HPE) Share Activity Draws Attention In S&P 500
• Neutral Sentiment: Consensus view: Brokerages show a moderate buy consensus on HPE, supporting continued analyst coverage but implying mixed upside expectations across the sell-side. Hewlett Packard Enterprise Company (NYSE:HPE) Receives Average Rating of “Moderate Buy” from Brokerages

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $24.00 on Thursday. The stock has a market capitalization of $31.85 billion, a price-to-earnings ratio of -126.34, a price-to-earnings-growth ratio of 0.61 and a beta of 1.20. 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 business has a 50-day moving average of $22.16 and a 200 day moving average of $23.02. 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 issued its quarterly earnings results on Monday, March 9th. The technology company reported $0.65 earnings per share (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 company had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.31 billion. During the same period in the prior year, the firm 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. As a group, sell-side analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm 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 is Tuesday, March 24th. This represents a $0.57 dividend on an annualized basis and a yield of 2.4%. Hewlett Packard Enterprise’s dividend payout ratio is -300.00%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 112,652 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $25.09, for a total value of $2,826,438.68. Following the completion of the transaction, the executive vice president owned 56,494 shares of the company’s stock, valued at $1,417,434.46. This trade represents a 66.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Antonio F. Neri sold 264,432 shares of the business’s stock in a transaction on Wednesday, March 25th. The stock was 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 of the company’s stock, valued at approximately $46,263,944.22. This trade represents a 12.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 411,085 shares of company stock worth $10,337,582 in the last ninety days. 0.44% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on HPE. Citigroup upped their target price on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Bank of America lifted their price target on shares of Hewlett Packard Enterprise from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, March 10th. The Goldman Sachs Group initiated coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, January 13th. They issued a “buy” rating and a $31.00 price target on the stock. Argus upped their price objective on shares of Hewlett Packard Enterprise from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, March 25th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.76.

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.