Impax Asset Management Group plc Sells 97,586 Shares of Hewlett Packard Enterprise Company $HPE

Impax Asset Management Group plc cut its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 21.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 349,282 shares of the technology company’s stock after selling 97,586 shares during the period. Impax Asset Management Group plc’s holdings in Hewlett Packard Enterprise were worth $8,578,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HPE. Empowered Funds LLC increased its holdings in shares of Hewlett Packard Enterprise by 317.3% during the 1st quarter. Empowered Funds LLC now owns 149,810 shares of the technology company’s stock valued at $2,312,000 after acquiring an additional 113,906 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Hewlett Packard Enterprise by 44.7% during the first quarter. Geneos Wealth Management Inc. now owns 4,456 shares of the technology company’s stock worth $69,000 after purchasing an additional 1,377 shares during the period. IFP Advisors Inc grew its holdings in Hewlett Packard Enterprise by 48.4% during the second quarter. IFP Advisors Inc now owns 3,283 shares of the technology company’s stock valued at $67,000 after purchasing an additional 1,071 shares during the last quarter. Apollon Wealth Management LLC raised its position in shares of Hewlett Packard Enterprise by 21.3% in the second quarter. Apollon Wealth Management LLC now owns 32,520 shares of the technology company’s stock valued at $665,000 after purchasing an additional 5,706 shares during the period. Finally, MGO One Seven LLC acquired a new stake in shares of Hewlett Packard Enterprise in the second quarter worth $377,000. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Trading Down 0.5%

Shares of HPE stock opened at $23.84 on Thursday. The firm has a fifty day moving average of $23.09 and a 200-day moving average of $22.99. The stock has a market cap of $31.82 billion, a price-to-earnings ratio of -397.33, a P/E/G ratio of 0.66 and a beta of 1.33. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $26.44. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.01.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Thursday, December 4th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.03. The firm had revenue of $9.68 billion during the quarter, compared to analyst estimates of $9.91 billion. Hewlett Packard Enterprise had a net margin of 0.17% and a return on equity of 9.15%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 earnings per share. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.250-2.450 EPS and its Q1 2026 guidance at 0.570-0.610 EPS. On average, equities research analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, December 19th were paid a dividend of $0.1425 per share. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. This represents a $0.57 annualized dividend and a yield of 2.4%. The ex-dividend date was Friday, December 19th. Hewlett Packard Enterprise’s dividend payout ratio is currently -950.00%.

Insider Activity at Hewlett Packard Enterprise

In other news, EVP Maeve C. Culloty sold 35,958 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $24.66, for a total value of $886,724.28. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jeremy Cox sold 50,061 shares of the stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $23.70, for a total transaction of $1,186,445.70. Following the sale, the senior vice president owned 26,905 shares of the company’s stock, valued at $637,648.50. This trade represents a 65.04% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 585,537 shares of company stock valued at $14,255,864. Insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

HPE has been the topic of several recent analyst reports. Argus lifted their target price 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. UBS Group lifted their price objective on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Weiss Ratings restated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research note on Friday, December 26th. Piper Sandler began coverage on Hewlett Packard Enterprise in a report on Wednesday, October 22nd. They issued a “neutral” rating and a $24.00 target price on the stock. Finally, Barclays upped their price target on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Hold” and an average price target of $25.53.

About Hewlett Packard Enterprise

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.