Aberdeen Group plc Grows Stock Position in Hewlett Packard Enterprise Company $HPE

Aberdeen Group plc boosted its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,979,595 shares of the technology company’s stock after acquiring an additional 41,593 shares during the period. Aberdeen Group plc owned 0.15% of Hewlett Packard Enterprise worth $47,550,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HPE. TFC Financial Management Inc. lifted its stake in Hewlett Packard Enterprise by 2,694.4% in the 3rd quarter. TFC Financial Management Inc. now owns 1,006 shares of the technology company’s stock valued at $25,000 after buying an additional 970 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its position in Hewlett Packard Enterprise by 176.7% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company’s stock worth $26,000 after buying an additional 666 shares in the last quarter. Headlands Technologies LLC purchased a new position in Hewlett Packard Enterprise during the second quarter worth $26,000. Chilton Capital Management LLC acquired a new position in shares of Hewlett Packard Enterprise in the third quarter worth $30,000. Finally, Clearstead Trust LLC raised its holdings in shares of Hewlett Packard Enterprise by 93.8% in the third quarter. Clearstead Trust LLC now owns 1,291 shares of the technology company’s stock worth $32,000 after acquiring an additional 625 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analyst Ratings Changes

HPE has been the topic of a number of analyst reports. Truist Financial initiated coverage on Hewlett Packard Enterprise in a research note on Tuesday, March 31st. They set a “buy” rating and a $31.00 price objective on the stock. Zacks Research upgraded 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 target on the stock. Morgan Stanley lifted their price target 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. Finally, Wall Street Zen raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.76.

Insider Activity

In related news, EVP Fidelma Russo sold 34,001 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $25.08, for a total value of $852,745.08. Following the transaction, the executive vice president owned 17,001 shares in the company, valued at approximately $426,385.08. This trade represents a 66.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Neil B. Macdonald sold 112,652 shares of the business’s stock in a transaction dated 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 sale, the executive vice president directly owned 56,494 shares of the company’s stock, valued at approximately $1,417,434.46. This trade represents a 66.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 411,085 shares of company stock valued at $10,337,582 in the last ninety days. Company insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Trading Down 0.0%

NYSE HPE opened at $24.61 on Friday. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $26.44. The company has a 50-day moving average of $22.30 and a 200-day 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. The company has a market cap of $32.65 billion, a P/E ratio of -129.50, a P/E/G ratio of 0.63 and a beta of 1.20.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Monday, March 9th. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $9.30 billion for the quarter, compared to analysts’ expectations of $9.31 billion. During the same period last year, the company earned $0.49 earnings per share. The company’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 analysts predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Tuesday, March 24th will be paid 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 dividend yield of 2.3%. Hewlett Packard Enterprise’s payout ratio is currently -300.00%.

Hewlett Packard Enterprise 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.