Total Clarity Wealth Management Inc. Sells 16,219 Shares of Hewlett Packard Enterprise Company $HPE

Total Clarity Wealth Management Inc. lessened its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 53.4% during the 1st quarter, HoldingsChannel reports. The firm owned 14,142 shares of the technology company’s stock after selling 16,219 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in Hewlett Packard Enterprise were worth $337,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC acquired a new stake in shares of Hewlett Packard Enterprise in the second quarter worth $26,000. Union Savings Bank acquired a new position in Hewlett Packard Enterprise in the 4th quarter valued at $30,000. Reflection Asset Management acquired a new position in Hewlett Packard Enterprise in the 4th quarter valued at $31,000. Clearstead Trust LLC raised its holdings in Hewlett Packard Enterprise by 93.8% in the 3rd quarter. Clearstead Trust LLC now owns 1,291 shares of the technology company’s stock worth $32,000 after acquiring an additional 625 shares during the period. Finally, Thompson Investment Management Inc. acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth $34,000. Institutional investors own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on HPE shares. UBS Group upped their price target on shares of Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. Loop Capital upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $23.00 to $75.00 in a research note on Tuesday, June 2nd. Zacks Research raised Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 10th. JPMorgan Chase & Co. increased their target price on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Finally, Barclays raised their target price on Hewlett Packard Enterprise from $28.00 to $67.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $64.65.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $48.99 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75. The firm has a market capitalization of $64.87 billion, a price-to-earnings ratio of 45.79, a P/E/G ratio of 0.52 and a beta of 1.42. The company’s fifty day moving average is $37.32 and its two-hundred day moving average is $27.93. Hewlett Packard Enterprise Company has a 52-week low of $17.94 and a 52-week high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.25. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The business had revenue of $10.68 billion during the quarter, compared to analyst estimates of $9.78 billion. During the same quarter in the prior year, the business earned ($0.82) earnings per share. The firm’s revenue for the quarter was up 40.0% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2026 guidance at 3.350-3.450 EPS and its Q3 2026 guidance at 0.880-0.930 EPS. Equities research analysts forecast that Hewlett Packard Enterprise Company will post 2.88 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th will be issued a $0.1425 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.57 annualized dividend and a yield of 1.2%. Hewlett Packard Enterprise’s dividend payout ratio is 53.27%.

Insider Buying and Selling

In other news, Director Bethany Mayer sold 6,482 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $29.10, for a total transaction of $188,626.20. Following the sale, the director owned 8,018 shares of the company’s stock, valued at approximately $233,323.80. This trade represents a 44.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Neil B. Macdonald sold 24,251 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $27.01, for a total value of $655,019.51. Following the sale, the executive vice president directly owned 32,243 shares in the company, valued at $870,883.43. The trade was a 42.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 310,102 shares of company stock worth $9,013,662. 0.44% of the stock is currently owned by corporate insiders.

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.