SEB Asset Management AB Makes New Investment in Hewlett Packard Enterprise Company $HPE

SEB Asset Management AB bought a new stake in Hewlett Packard Enterprise Company (NYSE:HPE) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 1,089,947 shares of the technology company’s stock, valued at approximately $25,952,000.

Several other hedge funds and other institutional investors have also made changes to their positions in HPE. Capital World Investors acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth about $901,751,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Hewlett Packard Enterprise in the 4th quarter valued at $433,537,000. Norges Bank purchased a new position in Hewlett Packard Enterprise during the fourth quarter worth about $185,969,000. Amundi lifted its position in Hewlett Packard Enterprise by 63.1% during the fourth quarter. Amundi now owns 11,514,029 shares of the technology company’s stock worth $276,567,000 after buying an additional 4,454,568 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in Hewlett Packard Enterprise in the 4th quarter worth about $93,654,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $45.81 on Monday. 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 1 year low of $19.64 and a 1 year high of $64.25. The firm’s 50-day simple moving average is $43.63 and its 200-day simple moving average is $30.62. The firm has a market cap of $60.67 billion, a PE ratio of 42.82, a price-to-earnings-growth ratio of 0.50 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.25. The business had revenue of $10.68 billion during the quarter, compared to the consensus estimate of $9.78 billion. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The company’s revenue for the quarter was up 40.0% compared to the same quarter last year. During the same period last year, the firm 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. Equities analysts forecast that Hewlett Packard Enterprise Company will post 2.88 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th were given a $0.1425 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $0.57 annualized dividend and a dividend yield of 1.2%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 53.27%.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP Fidelma Russo sold 17,001 shares of the firm’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $27.97, for a total transaction of $475,517.97. The sale was disclosed in a legal 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 Bethany Mayer sold 6,482 shares of Hewlett Packard Enterprise stock in a transaction 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 completion of the transaction, the director directly owned 8,018 shares of the company’s stock, valued at approximately $233,323.80. This represents a 44.70% 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. Insiders have sold a total of 135,851 shares of company stock worth $4,383,642 in the last quarter. Insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HPE. Citigroup increased their price objective on shares of Hewlett Packard Enterprise from $39.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 10th. Zacks Research raised Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 10th. Barclays lifted their price objective on shares of Hewlett Packard Enterprise from $28.00 to $67.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Finally, The Goldman Sachs Group boosted their price target on Hewlett Packard Enterprise from $32.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $64.65.

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.