Barnett & Company Inc. Acquires 30,450 Shares of Hewlett Packard Enterprise Company $HPE

Barnett & Company Inc. boosted its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 29.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 134,050 shares of the technology company’s stock after purchasing an additional 30,450 shares during the period. Hewlett Packard Enterprise comprises approximately 2.5% of Barnett & Company Inc.’s investment portfolio, making the stock its 10th biggest holding. Barnett & Company Inc.’s holdings in Hewlett Packard Enterprise were worth $3,292,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its stake 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 buying an additional 113,906 shares during the last quarter. Geneos Wealth Management Inc. raised 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 valued at $69,000 after acquiring an additional 1,377 shares in the last quarter. Brookstone Capital Management lifted its holdings in Hewlett Packard Enterprise by 363.6% in the second quarter. Brookstone Capital Management now owns 89,497 shares of the technology company’s stock valued at $1,830,000 after acquiring an additional 70,193 shares during the period. Forum Financial Management LP boosted its position in Hewlett Packard Enterprise by 48.3% in the 2nd quarter. Forum Financial Management LP now owns 33,357 shares of the technology company’s stock worth $682,000 after purchasing an additional 10,864 shares in the last quarter. Finally, Bleakley Financial Group LLC grew its stake in shares of Hewlett Packard Enterprise by 6.1% during the 2nd quarter. Bleakley Financial Group LLC now owns 42,093 shares of the technology company’s stock worth $861,000 after purchasing an additional 2,438 shares during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $21.34 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.01 and a quick ratio of 0.76. The stock’s 50 day simple moving average is $22.80 and its 200-day simple moving average is $23.07. The company has a market cap of $28.36 billion, a PE ratio of -355.67, a price-to-earnings-growth ratio of 0.59 and a beta of 1.33. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Thursday, December 4th. The technology company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.59 by $0.03. Hewlett Packard Enterprise had a return on equity of 9.15% and a net margin of 0.17%.The firm had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.91 billion. During the same period in the prior year, the company earned $0.58 EPS. The firm’s revenue was up 14.7% compared to the same quarter last year. 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. As a group, equities research analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, December 19th were issued a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, December 19th. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. Hewlett Packard Enterprise’s payout ratio is currently -950.00%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HPE. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research note on Friday, December 26th. The Goldman Sachs Group began coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, January 13th. They issued a “buy” rating and a $31.00 price objective for the company. Zacks Research upgraded Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Citigroup reduced their price target on Hewlett Packard Enterprise from $28.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Finally, Morgan Stanley lowered their price target on Hewlett Packard Enterprise from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $25.29.

Insiders Place Their Bets

In other news, EVP Maeve C. Culloty sold 35,958 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $24.66, for a total transaction of $886,724.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Fidelma Russo sold 126,512 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $24.61, for a total value of $3,113,460.32. Following the completion of the sale, the executive vice president directly owned 51,002 shares of the company’s stock, valued at approximately $1,255,159.22. This represents a 71.27% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 585,537 shares of company stock worth $14,255,864. 0.44% of the stock is currently owned by insiders.

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.