Pinnbrook Capital Management LP Takes Position in Hewlett Packard Enterprise Company $HPE

Pinnbrook Capital Management LP purchased a new position in Hewlett Packard Enterprise Company (NYSE:HPE) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 164,407 shares of the technology company’s stock, valued at approximately $4,038,000.

Other large investors have also recently made changes to their positions in the company. TFC Financial Management Inc. lifted its holdings 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 purchasing an additional 970 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of 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 stake in shares of Hewlett Packard Enterprise during the second quarter worth $26,000. Chilton Capital Management LLC acquired a new stake in shares of Hewlett Packard Enterprise in the third quarter valued at about $30,000. Finally, Clearstead Trust LLC raised its position 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 valued at $32,000 after buying an additional 625 shares during the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $21.60 on Friday. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $26.44. The company has a quick ratio of 0.76, a current ratio of 1.03 and a debt-to-equity ratio of 0.71. The stock has a market cap of $28.70 billion, a price-to-earnings ratio of -113.66, a price-to-earnings-growth ratio of 0.56 and a beta of 1.31. The business has a fifty day moving average of $21.91 and a two-hundred day moving average of $23.05.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Monday, March 9th. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.31 billion. Hewlett Packard Enterprise had a positive return on equity of 9.93% and a negative net margin of 0.41%.The company’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 EPS. 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, research analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th will be paid a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, March 24th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is -300.00%.

Wall Street Analyst Weigh In

HPE has been the topic of a number of recent research reports. Argus boosted their price target on shares of Hewlett Packard Enterprise from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a report on Friday, December 26th. Morgan Stanley boosted their target price on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Tuesday. Bank of America upped their price target on Hewlett Packard Enterprise from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, The Goldman Sachs Group assumed coverage on Hewlett Packard Enterprise in a report on Tuesday, January 13th. They issued a “buy” rating and a $31.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.50.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Kirt P. Karros sold 36,460 shares of the stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $24.61, for a total transaction of $897,280.60. Following the completion of the transaction, the senior vice president owned 18,785 shares of the company’s stock, valued at approximately $462,298.85. This trade represents a 66.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Antonio F. Neri sold 26,457 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $24.49, for a total transaction of $647,931.93. Following the completion of the sale, the chief executive officer owned 2,101,761 shares of the company’s stock, valued at $51,472,126.89. This trade represents a 1.24% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.44% of the stock is owned by company insiders.

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.