Clearline Capital LP Has $13.70 Million Stock Holdings in Hewlett Packard Enterprise Company $HPE

Clearline Capital LP grew its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 30.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 557,610 shares of the technology company’s stock after acquiring an additional 131,361 shares during the quarter. Clearline Capital LP’s holdings in Hewlett Packard Enterprise were worth $13,695,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Elliott Investment Management L.P. acquired a new stake in Hewlett Packard Enterprise during the 2nd quarter worth about $381,004,000. Schroder Investment Management Group lifted its stake in Hewlett Packard Enterprise by 192.4% during the second quarter. Schroder Investment Management Group now owns 10,599,242 shares of the technology company’s stock valued at $216,754,000 after buying an additional 6,974,083 shares in the last quarter. Norges Bank acquired a new position in shares of Hewlett Packard Enterprise in the second quarter worth about $110,093,000. Slate Path Capital LP boosted its holdings in shares of Hewlett Packard Enterprise by 36.2% in the second quarter. Slate Path Capital LP now owns 15,896,242 shares of the technology company’s stock worth $325,078,000 after buying an additional 4,221,678 shares during the period. Finally, Amundi increased its position in shares of Hewlett Packard Enterprise by 43.0% in the second quarter. Amundi now owns 9,910,108 shares of the technology company’s stock worth $210,528,000 after acquiring an additional 2,978,950 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HPE shares. Zacks Research upgraded shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Argus lifted their price objective 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. Wall Street Zen raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings restated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a report on Friday, December 26th. Finally, The Goldman Sachs Group assumed coverage on Hewlett Packard Enterprise in a research report on Tuesday, January 13th. They issued a “buy” rating and a $31.00 target price for the company. One equities research 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 company’s stock. Based on data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.50.

Hewlett Packard Enterprise Price Performance

NYSE 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 firm has a market capitalization 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 company has a 50 day simple moving average of $21.91 and a 200-day simple moving average of $23.05. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data 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 firm had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.31 billion. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. The firm’s revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the firm 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. Equities research analysts predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Tuesday, March 24th will be issued a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, March 24th. Hewlett Packard Enterprise’s payout ratio is currently -300.00%.

Insiders Place Their Bets

In other news, SVP Kirt P. Karros sold 36,460 shares of the company’s stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $24.61, for a total value of $897,280.60. Following the transaction, the senior vice president directly owned 18,785 shares of the company’s stock, valued at approximately $462,298.85. This represents a 66.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Antonio F. Neri sold 26,457 shares of the stock in a transaction on Monday, December 29th. The stock was sold at an average price of $24.49, for a total value of $647,931.93. Following the sale, the chief executive officer owned 2,101,761 shares of the company’s stock, valued at approximately $51,472,126.89. This represents a 1.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.44% of the company’s stock.

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.