NewEdge Wealth LLC Purchases 17,362 Shares of Hewlett Packard Enterprise Company $HPE

NewEdge Wealth LLC grew its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 68.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,562 shares of the technology company’s stock after buying an additional 17,362 shares during the quarter. NewEdge Wealth LLC’s holdings in Hewlett Packard Enterprise were worth $1,022,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in HPE. Vanguard Group Inc. increased its stake in Hewlett Packard Enterprise by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company’s stock valued at $4,156,870,000 after acquiring an additional 1,917,719 shares during the last quarter. Jericho Capital Asset Management L.P. bought a new stake in Hewlett Packard Enterprise during the third quarter worth $416,900,000. Legal & General Group Plc boosted its holdings in shares of Hewlett Packard Enterprise by 0.3% in the 3rd quarter. Legal & General Group Plc now owns 13,241,459 shares of the technology company’s stock valued at $325,210,000 after purchasing an additional 36,765 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Hewlett Packard Enterprise by 4.4% in the 4th quarter. Nordea Investment Management AB now owns 7,485,650 shares of the technology company’s stock valued at $179,693,000 after purchasing an additional 312,698 shares during the last quarter. Finally, Holocene Advisors LP bought a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at $144,468,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Key Hewlett Packard Enterprise News

Here are the key news stories impacting Hewlett Packard Enterprise this week:

• Positive Sentiment: Citigroup raised its price target on HPE to $39 from $27 and reiterated a buy rating, signaling confidence ahead of earnings and implying meaningful upside from current levels. Benzinga
• Positive Sentiment: HPE and Nvidia announced “NVIDIA AI Computing by HPE,” reinforcing HPE’s positioning in AI infrastructure and potentially boosting demand for its servers and related systems. Article
• Positive Sentiment: Multiple reports say HPE is rebooting and rebranding its private cloud offerings to address rising virtualization costs, a move that could help it win customers looking for lower-cost alternatives in enterprise IT. Article
• Positive Sentiment: News that additional activist investors have taken stakes in HPE has fueled speculation that the company could face pressure to unlock value through strategic changes or operational improvements. Article
• Neutral Sentiment: Coverage from Barron’s highlighted HPE’s exposure to networking and servers, two areas benefiting from AI investment, which supports the broader bull case but does not by itself change fundamentals. Article
• Neutral Sentiment: HPE also received additional media attention around its private cloud strategy and industry partner recognition, adding to investor sentiment but with limited direct financial impact. Article

Insider Transactions at Hewlett Packard Enterprise

In other news, EVP Neil B. Macdonald sold 112,652 shares of the firm’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $25.09, for a total transaction of $2,826,438.68. Following the completion of the transaction, the executive vice president owned 56,494 shares of the company’s stock, valued at approximately $1,417,434.46. This trade represents a 66.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Antonio F. Neri sold 264,432 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $25.18, for a total transaction of $6,658,397.76. Following the transaction, the chief executive officer owned 1,837,329 shares in the company, valued at approximately $46,263,944.22. This trade represents a 12.58% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 702,402 shares of company stock worth $18,440,171. 0.44% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on HPE. Citigroup upped their price objective on Hewlett Packard Enterprise from $27.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday. Truist Financial initiated coverage on Hewlett Packard Enterprise in a research report on Tuesday, March 31st. They issued a “buy” rating and a $31.00 target price on the stock. Bank of America boosted their target price on Hewlett Packard Enterprise from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Morgan Stanley increased their target price on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 10th. Finally, Raymond James Financial restated an “outperform” rating and issued a $29.00 price target (down from $30.00) on shares of Hewlett Packard Enterprise in a research note on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and an average target price of $27.41.

Hewlett Packard Enterprise Trading Up 6.4%

NYSE HPE opened at $34.12 on Friday. The company has a market cap of $45.27 billion, a price-to-earnings ratio of -179.55, a price-to-earnings-growth ratio of 0.83 and a beta of 1.28. Hewlett Packard Enterprise Company has a twelve month low of $17.02 and a twelve month high of $34.70. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.71. The business’s fifty day moving average is $25.49 and its 200 day moving average is $23.68.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Monday, March 9th. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. Hewlett Packard Enterprise had a positive return on equity of 9.93% and a negative net margin of 0.41%.The business had revenue of $9.30 billion during the quarter, compared to analysts’ expectations of $9.31 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. 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, sell-side analysts expect that Hewlett Packard Enterprise Company will post 1.96 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th were issued a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, March 24th. Hewlett Packard Enterprise’s payout ratio is presently -300.00%.

Hewlett Packard Enterprise Company 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.