Generali Asset Management SPA SGR Purchases 10,270 Shares of Hewlett Packard Enterprise Company $HPE

Generali Asset Management SPA SGR boosted its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 907.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 11,402 shares of the technology company’s stock after buying an additional 10,270 shares during the period. Generali Asset Management SPA SGR’s holdings in Hewlett Packard Enterprise were worth $728,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Asset Management One Co. Ltd. boosted its position in shares of Hewlett Packard Enterprise by 2.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 653,914 shares of the technology company’s stock valued at $41,779,000 after purchasing an additional 13,307 shares in the last quarter. Latitude Advisors LLC acquired a new position in Hewlett Packard Enterprise in the third quarter worth approximately $37,000. Oakworth Capital Inc. grew its position in Hewlett Packard Enterprise by 2.3% in the third quarter. Oakworth Capital Inc. now owns 8,159 shares of the technology company’s stock worth $521,000 after buying an additional 181 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Hewlett Packard Enterprise in the third quarter valued at $279,000. Finally, Penobscot Investment Management Company Inc. bought a new position in shares of Hewlett Packard Enterprise in the third quarter valued at $355,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Antonio Neri sold 250,000 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $60.44, for a total value of $15,110,000.00. Following the completion of the transaction, the chief executive officer owned 1,432,393 shares in the company, valued at approximately $86,573,832.92. This represents a 14.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary M. Reiner sold 17,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $56.91, for a total transaction of $967,470.00. Following the sale, the director owned 65,072 shares in the company, valued at approximately $3,703,247.52. This trade represents a 20.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 585,899 shares of company stock valued at $37,270,329 over the last ninety days. 0.44% of the stock is owned by company insiders.

Hewlett Packard Enterprise Price Performance

NYSE:HPE opened at $55.22 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.11 and a quick ratio of 0.72. Hewlett Packard Enterprise Company has a one year low of $19.84 and a one year high of $73.56. The company has a fifty day moving average price of $59.71 and a 200 day moving average price of $40.71. The stock has a market cap of $73.30 billion, a P/E ratio of 28.76, a PEG ratio of 0.50 and a beta of 1.39.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Wednesday, September 2nd. The technology company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.18. The company had revenue of $12.21 billion for the quarter, compared to the consensus estimate of $11.97 billion. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The business’s revenue was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 EPS. Hewlett Packard Enterprise has set its Q4 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 3.750-3.850 EPS. Analysts anticipate that Hewlett Packard Enterprise Company will post 3.34 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, September 17th were paid a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, September 17th. Hewlett Packard Enterprise’s dividend payout ratio is presently 29.69%.

Wall Street Analyst Weigh In

HPE has been the subject of a number of recent research reports. Weiss Ratings upgraded Hewlett Packard Enterprise from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, September 4th. Loop Capital reduced their price objective on shares of Hewlett Packard Enterprise from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Tuesday, September 8th. JPMorgan Chase & Co. increased their price objective on Hewlett Packard Enterprise from $68.00 to $70.00 in a research note on Tuesday, August 25th. Piper Sandler lifted their price objective on Hewlett Packard Enterprise from $57.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, October 1st. Finally, UBS Group raised their price target on shares of Hewlett Packard Enterprise from $59.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and a consensus price target of $65.44.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company (NYSE:HPE) is a global technology company that provides information technology solutions for businesses, governments and other organizations. Its offerings are designed to help customers build, manage and modernize data centers, hybrid cloud environments and edge computing operations.

HPE’s portfolio includes enterprise servers and compute systems, data storage, networking products, high-performance computing and artificial intelligence infrastructure.