20,038 Shares in Hewlett Packard Enterprise Company $HPE Bought by True Freedom Investing LLC

True Freedom Investing LLC bought a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) during the 3rd quarter, Holdings Channel reports. The fund bought 20,038 shares of the technology company’s stock, valued at approximately $1,280,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Irenic Capital Management LP purchased a new position in shares of Hewlett Packard Enterprise during the first quarter valued at about $18,691,000. Gunderson Capital Management LLC purchased a new stake in Hewlett Packard Enterprise in the third quarter worth about $15,409,000. Generate Investment Management Ltd purchased a new stake in Hewlett Packard Enterprise in the third quarter worth about $19,340,000. Sanders Morris Harris LLC bought a new stake in Hewlett Packard Enterprise during the 3rd quarter valued at approximately $1,661,000. Finally, Parkway Wealth Management Group LLC boosted its position in Hewlett Packard Enterprise by 36.7% during the 3rd quarter. Parkway Wealth Management Group LLC now owns 110,121 shares of the technology company’s stock valued at $7,036,000 after acquiring an additional 29,551 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Insider Buying and Selling

In related news, CEO Antonio Neri sold 250,000 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $68.31, for a total value of $17,077,500.00. Following the sale, the chief executive officer owned 1,182,393 shares in the company, valued at $80,769,265.83. This represents a 17.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary M. Reiner sold 17,000 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $56.91, for a total value of $967,470.00. Following the transaction, the director directly owned 65,072 shares of the company’s stock, valued at approximately $3,703,247.52. This trade represents a 20.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 585,899 shares of company stock worth $37,270,329 in the last 90 days. Insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Trading Up 0.2%

Shares of NYSE HPE opened at $55.22 on Monday. Hewlett Packard Enterprise Company has a 1 year low of $19.84 and a 1 year high of $73.56. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.11 and a quick ratio of 0.72. The firm has a 50-day moving average of $59.71 and a 200 day moving average of $40.71. The stock has a market cap of $73.31 billion, a P/E ratio of 28.76, a price-to-earnings-growth ratio of 0.46 and a beta of 1.39.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.18. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The business had revenue of $12.21 billion for the quarter, compared to analysts’ expectations of $11.97 billion. During the same quarter in the prior year, the company earned $0.44 earnings per share. The business’s revenue was up 33.7% compared to the same quarter last year. 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. As a group, sell-side analysts expect that Hewlett Packard Enterprise Company will post 3.34 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, September 17th were given 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 of this dividend was Thursday, September 17th. Hewlett Packard Enterprise’s payout ratio is currently 29.69%.

Analyst Ratings Changes

A number of research analysts have weighed in on HPE shares. Daiwa Securities Group upgraded Hewlett Packard Enterprise from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $65.00 to $75.00 in a report on Friday, October 2nd. Citigroup raised their target price on Hewlett Packard Enterprise from $76.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 1st. JPMorgan Chase & Co. lifted their price target on Hewlett Packard Enterprise from $68.00 to $70.00 in a research report on Tuesday, August 25th. Loop Capital reduced their price target on Hewlett Packard Enterprise from $75.00 to $65.00 and set a “buy” rating on the stock in a research note on Tuesday, September 8th. Finally, The Goldman Sachs Group upped their price target on Hewlett Packard Enterprise from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, October 6th. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.