Ritholtz Wealth Management Reduces Holdings in Hewlett Packard Enterprise Company $HPE

Ritholtz Wealth Management reduced its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 21.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,371 shares of the technology company’s stock after selling 24,423 shares during the quarter. Ritholtz Wealth Management’s holdings in Hewlett Packard Enterprise were worth $2,147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. TFC Financial Management Inc. boosted its stake in shares of Hewlett Packard Enterprise by 2,694.4% during the 3rd quarter. TFC Financial Management Inc. now owns 1,006 shares of the technology company’s stock worth $25,000 after purchasing an additional 970 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Hewlett Packard Enterprise by 176.7% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company’s stock worth $26,000 after purchasing an additional 666 shares during the last quarter. Chilton Capital Management LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth about $30,000. Headlands Technologies LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter worth about $26,000. Finally, Clearstead Trust LLC boosted its stake in shares of Hewlett Packard Enterprise by 93.8% during the 3rd quarter. Clearstead Trust LLC now owns 1,291 shares of the technology company’s stock worth $32,000 after purchasing an additional 625 shares during the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 264,432 shares of Hewlett Packard Enterprise 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 transaction, the chief executive officer directly owned 1,837,329 shares of the company’s stock, valued at $46,263,944.22. The trade was a 12.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Neil B. Macdonald sold 112,652 shares of Hewlett Packard Enterprise 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 transaction, the executive vice president directly owned 56,494 shares in the company, valued at approximately $1,417,434.46. This trade represents a 66.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 411,085 shares of company stock valued at $10,337,582 over the last ninety days. Corporate insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Trading Up 0.2%

Shares of HPE stock opened at $24.95 on Monday. The stock has a market cap of $33.10 billion, a price-to-earnings ratio of -131.30, a price-to-earnings-growth ratio of 0.63 and a beta of 1.20. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.71. Hewlett Packard Enterprise Company has a fifty-two week low of $13.43 and a fifty-two week high of $26.44. The firm’s 50 day moving average price is $22.61 and its two-hundred day moving average price is $23.00.

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

Hewlett Packard Enterprise Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, March 24th. Hewlett Packard Enterprise’s payout ratio is -300.00%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HPE. Morgan Stanley raised 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 research note on Tuesday, March 10th. Truist Financial began coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, March 31st. They set a “buy” rating and a $31.00 price target on the stock. 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. Wall Street Zen raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Finally, The Goldman Sachs Group began 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. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.76.

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.