Provident Investment Management Inc. Buys New Holdings in Hewlett Packard Enterprise Company $HPE

Provident Investment Management Inc. purchased a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 34,770 shares of the technology company’s stock, valued at approximately $835,000.

A number of other large investors also recently modified their holdings of the company. Bleakley Financial Group LLC lifted its stake in shares of Hewlett Packard Enterprise by 1.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 42,532 shares of the technology company’s stock valued at $1,045,000 after purchasing an additional 439 shares in the last quarter. Spire Wealth Management raised its holdings in Hewlett Packard Enterprise by 7.1% in the third quarter. Spire Wealth Management now owns 6,694 shares of the technology company’s stock valued at $164,000 after buying an additional 445 shares during the period. JFS Wealth Advisors LLC raised its holdings in Hewlett Packard Enterprise by 40.5% in the fourth quarter. JFS Wealth Advisors LLC now owns 1,565 shares of the technology company’s stock valued at $38,000 after buying an additional 451 shares during the period. Western Wealth Management LLC lifted its position in Hewlett Packard Enterprise by 3.3% during the third quarter. Western Wealth Management LLC now owns 15,253 shares of the technology company’s stock valued at $375,000 after buying an additional 489 shares in the last quarter. Finally, Metis Global Partners LLC grew its stake in Hewlett Packard Enterprise by 0.8% during the third quarter. Metis Global Partners LLC now owns 71,051 shares of the technology company’s stock worth $1,745,000 after buying an additional 570 shares during the period. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of Hewlett Packard Enterprise from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, March 10th. The Goldman Sachs Group initiated coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, January 13th. They set a “buy” rating and a $31.00 price target for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, March 25th. Truist Financial assumed coverage on Hewlett Packard Enterprise in a research report on Tuesday, March 31st. They issued a “buy” rating and a $31.00 price objective on the stock. Finally, Citigroup upped their target price on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.71.

Hewlett Packard Enterprise Price Performance

HPE opened at $30.88 on Tuesday. Hewlett Packard Enterprise Company has a twelve month low of $17.02 and a twelve month high of $31.64. The firm has a market cap of $40.97 billion, a price-to-earnings ratio of -162.53, a PEG ratio of 0.81 and a beta of 1.28. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.71. The company has a fifty day simple moving average of $24.87 and a 200 day simple moving average of $23.49.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Monday, March 9th. The technology company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.31 billion. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. The firm’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 EPS. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.300-2.500 EPS and its Q2 2026 guidance at 0.510-0.550 EPS. Equities research analysts expect that Hewlett Packard Enterprise Company will post 1.96 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Investors of record on Tuesday, March 24th were paid a $0.1425 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.57 annualized dividend and a dividend yield of 1.8%. Hewlett Packard Enterprise’s payout ratio is -300.00%.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Fidelma Russo sold 34,001 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $25.08, for a total value of $852,745.08. Following the transaction, the executive vice president directly owned 17,001 shares of the company’s stock, valued at $426,385.08. This represents a 66.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Bethany Mayer sold 6,482 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $29.10, for a total value of $188,626.20. Following the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 702,402 shares of company stock valued at $18,440,171 in the last three months. 0.44% of the stock is currently owned by company 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.