Antonio Neri Sells 264,432 Shares of Hewlett Packard Enterprise (NYSE:HPE) Stock

Hewlett Packard Enterprise Company (NYSE:HPE) CEO Antonio Neri sold 264,432 shares of the firm’s stock in a transaction dated Wednesday, March 25th. The shares were 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 of the company’s stock, valued at approximately $46,263,944.22. This trade represents a 12.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Hewlett Packard Enterprise Stock Up 0.1%

NYSE HPE opened at $23.97 on Monday. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $26.44. The company has a market capitalization of $31.80 billion, a P/E ratio of -126.15, a PEG ratio of 0.61 and a beta of 1.31. The company’s 50 day simple moving average is $22.01 and its 200 day simple moving average is $23.03. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.03 and a quick ratio of 0.75.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Monday, March 9th. The technology company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $9.30 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 18.4% compared to the same quarter last year. During the same period last 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 expect that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Investors of record on Tuesday, March 24th will be issued a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, March 24th. Hewlett Packard Enterprise’s payout ratio is presently -300.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Hewlett Packard Enterprise by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company’s stock worth $4,156,870,000 after acquiring an additional 1,917,719 shares in the last quarter. Capital World Investors acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $901,751,000. Geode Capital Management LLC lifted its position in shares of Hewlett Packard Enterprise by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 34,869,143 shares of the technology company’s stock worth $835,626,000 after purchasing an additional 431,728 shares in the last quarter. Elliott Investment Management L.P. purchased a new stake in shares of Hewlett Packard Enterprise in the second quarter worth approximately $381,004,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $433,537,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on HPE. Citigroup upped their target price on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Zacks Research upgraded Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Morgan Stanley upped their price objective on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 10th. The Goldman Sachs Group initiated coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, January 13th. They issued a “buy” rating and a $31.00 target price for the company. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.50.

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.