Public Employees Retirement System of Ohio Has $10.98 Million Stock Position in Hewlett Packard Enterprise Company $HPE

Public Employees Retirement System of Ohio lessened its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 3.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 461,147 shares of the technology company’s stock after selling 16,246 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Hewlett Packard Enterprise were worth $10,980,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital World Investors bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth $901,751,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $433,537,000. Norges Bank acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $185,969,000. Amundi grew its stake in shares of Hewlett Packard Enterprise by 63.1% during the 4th quarter. Amundi now owns 11,514,029 shares of the technology company’s stock worth $276,567,000 after acquiring an additional 4,454,568 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in Hewlett Packard Enterprise in the fourth quarter valued at $93,654,000. 80.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Argus raised their price target on Hewlett Packard Enterprise from $30.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Morgan Stanley upped their price target on shares of Hewlett Packard Enterprise from $33.00 to $71.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 2nd. Barclays increased their price objective on Hewlett Packard Enterprise from $28.00 to $67.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Wall Street Zen raised shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 10th. Finally, Bank of America boosted their price target on Hewlett Packard Enterprise from $38.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.31.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $47.64 on Monday. The stock has a 50-day moving average price of $45.12 and a two-hundred day moving average price of $31.43. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.72. Hewlett Packard Enterprise Company has a 12 month low of $19.64 and a 12 month high of $64.25. The company has a market capitalization of $63.08 billion, a PE ratio of 44.52, a P/E/G ratio of 0.52 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.25. The firm had revenue of $10.68 billion for the quarter, compared to analyst estimates 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 for the quarter was up 40.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.82) EPS. 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. Analysts expect that Hewlett Packard Enterprise Company will post 2.88 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

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

Insider Transactions at Hewlett Packard Enterprise

In related news, CFO Marie Myers sold 93,583 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $30.01, for a total transaction of $2,808,425.83. Following the completion of the sale, the chief financial officer directly owned 204,754 shares of the company’s stock, valued at approximately $6,144,667.54. This trade represents a 31.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $48.50, for a total value of $911,072.50. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 118,850 shares of company stock worth $3,908,125 in the last quarter. 0.44% of the stock is currently owned by corporate insiders.

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.