Hsbc Holdings PLC Grows Stock Position in Hewlett Packard Enterprise Company $HPE

Hsbc Holdings PLC grew its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,826,838 shares of the technology company’s stock after acquiring an additional 416,972 shares during the quarter. Hsbc Holdings PLC’s holdings in Hewlett Packard Enterprise were worth $187,983,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at approximately $26,000. Union Savings Bank acquired a new position in Hewlett Packard Enterprise during the 4th quarter valued at approximately $30,000. Reflection Asset Management purchased a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth $31,000. Thompson Investment Management Inc. purchased a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth $34,000. Finally, JFS Wealth Advisors LLC lifted its stake in shares of Hewlett Packard Enterprise by 40.5% during the fourth quarter. JFS Wealth Advisors LLC now owns 1,565 shares of the technology company’s stock worth $38,000 after buying an additional 451 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $41.06 on Friday. Hewlett Packard Enterprise Company has a 52-week low of $19.64 and a 52-week high of $64.25. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. The stock has a market cap of $54.37 billion, a PE ratio of 38.37, a price-to-earnings-growth ratio of 0.45 and a beta of 1.42. The business has a 50-day simple moving average of $40.18 and a 200-day simple moving average of $29.03.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.25. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The company had revenue of $10.68 billion during the quarter, compared to analysts’ expectations of $9.78 billion. During the same period last year, the business earned ($0.82) earnings per share. Hewlett Packard Enterprise’s quarterly revenue was up 40.0% on a year-over-year basis. 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, equities analysts expect that Hewlett Packard Enterprise Company will post 2.88 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, June 16th. Hewlett Packard Enterprise’s payout ratio is 53.27%.

Insider Activity

In related news, CFO Marie Myers sold 93,583 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $30.01, for a total value of $2,808,425.83. Following the completion of the transaction, the chief financial officer directly owned 204,754 shares in the company, valued at $6,144,667.54. The trade was a 31.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 310,102 shares of company stock worth $9,013,662. 0.44% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on HPE. Barclays upped their target price on Hewlett Packard Enterprise from $28.00 to $67.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. UBS Group lifted their price target on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. Truist Financial reiterated a “buy” rating and set a $69.00 price target (up from $31.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. Citigroup raised their price objective on Hewlett Packard Enterprise from $39.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Finally, Susquehanna lifted their target price on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $64.65.

About Hewlett Packard Enterprise

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.