Boothbay Fund Management LLC Acquires New Stake in Hewlett Packard Enterprise Company $HPE

Boothbay Fund Management LLC bought a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 779,028 shares of the technology company’s stock, valued at approximately $19,133,000. Boothbay Fund Management LLC owned 0.06% of Hewlett Packard Enterprise at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HPE. Bleakley Financial Group LLC raised its position in shares of Hewlett Packard Enterprise by 1.0% during the third quarter. Bleakley Financial Group LLC now owns 42,532 shares of the technology company’s stock worth $1,045,000 after acquiring an additional 439 shares during the last quarter. Spire Wealth Management increased its position in Hewlett Packard Enterprise by 7.1% during the 3rd quarter. Spire Wealth Management now owns 6,694 shares of the technology company’s stock valued at $164,000 after purchasing an additional 445 shares during the period. TD Waterhouse Canada Inc. raised its holdings in Hewlett Packard Enterprise by 11.1% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 4,902 shares of the technology company’s stock worth $100,000 after purchasing an additional 489 shares during the last quarter. Western Wealth Management LLC raised its holdings in Hewlett Packard Enterprise by 3.3% during the 3rd quarter. Western Wealth Management LLC now owns 15,253 shares of the technology company’s stock worth $375,000 after purchasing an additional 489 shares during the last quarter. Finally, Trust Co. of Vermont lifted its position in shares of Hewlett Packard Enterprise by 6.4% in the 3rd quarter. Trust Co. of Vermont now owns 8,855 shares of the technology company’s stock worth $217,000 after purchasing an additional 533 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $21.60 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.03 and a quick ratio of 0.76. The stock has a 50-day moving average of $21.91 and a 200-day moving average of $23.05. The company has a market cap of $28.70 billion, a PE ratio of -113.66, a P/E/G ratio of 0.56 and a beta of 1.31. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Monday, March 9th. The technology company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The business had revenue of $9.30 billion during 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 firm’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 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. On average, equities research analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders 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 dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, March 24th. Hewlett Packard Enterprise’s dividend payout ratio is presently -300.00%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 26,457 shares of the company’s stock in a transaction 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 transaction, the chief executive officer owned 2,101,761 shares in the company, valued at approximately $51,472,126.89. This represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Kirt P. Karros sold 36,460 shares of the firm’s stock in a transaction 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 directly owned 18,785 shares in the company, valued at $462,298.85. This trade represents a 66.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.44% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on HPE shares. Bank of America upped their price objective on shares of Hewlett Packard Enterprise from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, March 10th. The Goldman Sachs Group assumed coverage on Hewlett Packard Enterprise in a research report on Tuesday, January 13th. They set a “buy” rating and a $31.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research note on Friday, December 26th. Argus lifted their target price on Hewlett Packard Enterprise from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Finally, Zacks Research upgraded Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.50.

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.