Hewlett Packard Enterprise Company $HPE Stake Lessened by Total Clarity Wealth Management Inc.

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

A number of other institutional investors and hedge funds have also modified their holdings of HPE. Capital World Investors purchased a new stake in Hewlett Packard Enterprise in the 4th quarter worth about $901,751,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Hewlett Packard Enterprise during the 4th quarter valued at about $433,537,000. Jericho Capital Asset Management L.P. purchased a new position in Hewlett Packard Enterprise during the 3rd quarter valued at about $416,900,000. Norges Bank acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $185,969,000. Finally, Holocene Advisors LP purchased a new stake in shares of Hewlett Packard Enterprise in the third quarter worth approximately $144,468,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Up 1.2%

NYSE:HPE opened at $48.99 on Wednesday. The company has a market capitalization of $64.87 billion, a P/E ratio of 45.79, a P/E/G ratio of 0.52 and a beta of 1.42. The stock’s 50 day moving average price is $37.32 and its 200 day moving average price is $27.93. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.75 and a current ratio of 1.09. 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 posted its earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.25. The firm had revenue of $10.68 billion during the quarter, compared to analysts’ expectations of $9.78 billion. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The company’s revenue was up 40.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.82) earnings per share. 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. On average, research analysts forecast that Hewlett Packard Enterprise Company will post 2.88 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

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

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP Neil B. Macdonald sold 24,251 shares of the company’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $27.01, for a total value of $655,019.51. Following the completion of the sale, the executive vice president directly owned 32,243 shares in the company, valued at approximately $870,883.43. This represents a 42.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Kirt P. Karros sold 18,785 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total transaction of $911,072.50. 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. Insiders sold a total of 310,102 shares of company stock valued at $9,013,662 in the last three months. 0.44% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on HPE shares. Loop Capital upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and raised their price target for the stock from $23.00 to $75.00 in a report on Tuesday, June 2nd. The Goldman Sachs Group increased their target price on shares of Hewlett Packard Enterprise from $32.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. UBS Group lifted their target price on shares of Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Weiss Ratings upgraded shares of Hewlett Packard Enterprise from a “hold (c-)” rating to a “hold (c+)” rating in a report on Wednesday, June 3rd. Finally, Sanford C. Bernstein increased their price objective on Hewlett Packard Enterprise from $35.00 to $62.00 and gave the stock a “market perform” rating in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and an average target price of $64.65.

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.