Securian Asset Management Inc. Sells 27,494 Shares of Hewlett Packard Enterprise Company $HPE

Securian Asset Management Inc. cut its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 43.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,878 shares of the technology company’s stock after selling 27,494 shares during the period. Securian Asset Management Inc.’s holdings in Hewlett Packard Enterprise were worth $862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of HPE. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Hewlett Packard Enterprise by 176.7% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company’s stock worth $26,000 after buying an additional 666 shares during the period. Headlands Technologies LLC bought a new stake in Hewlett Packard Enterprise during the second quarter valued at about $26,000. Chilton Capital Management LLC purchased a new position in shares of Hewlett Packard Enterprise in the third quarter valued at about $30,000. Clearstead Trust LLC boosted its stake in shares of Hewlett Packard Enterprise by 93.8% in the third quarter. Clearstead Trust LLC now owns 1,291 shares of the technology company’s stock worth $32,000 after acquiring an additional 625 shares during the period. Finally, Thompson Investment Management Inc. bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth about $34,000. 80.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on HPE shares. Truist Financial assumed coverage on Hewlett Packard Enterprise in a research note on Tuesday, March 31st. They set a “buy” rating and a $31.00 target price on the stock. Wall Street Zen raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, March 25th. Raymond James Financial reissued an “outperform” rating and issued a $29.00 target price (down from $30.00) on shares of Hewlett Packard Enterprise in a report on Monday, April 13th. Finally, Bank of America upped their target price 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. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.71.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $32.13 on Thursday. The stock has a market capitalization of $42.64 billion, a PE ratio of -169.13, a P/E/G ratio of 0.78 and a beta of 1.28. The business has a 50 day simple moving average of $25.24 and a two-hundred day simple moving average of $23.61. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.03 and a quick ratio of 0.75. Hewlett Packard Enterprise Company has a 1-year low of $17.02 and a 1-year high of $32.53.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Monday, March 9th. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.06. The business had revenue of $9.30 billion for the quarter, compared to analysts’ expectations of $9.31 billion. Hewlett Packard Enterprise had a positive return on equity of 9.93% and a negative net margin of 0.41%.The company’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the prior year, the firm earned $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. On average, research analysts predict that Hewlett Packard Enterprise Company will post 1.96 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

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

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 264,432 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $25.18, for a total value of $6,658,397.76. Following the completion of the transaction, the chief executive officer directly owned 1,837,329 shares of the company’s stock, valued at $46,263,944.22. This trade represents a 12.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Neil B. Macdonald sold 112,652 shares of the business’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $25.09, for a total transaction of $2,826,438.68. Following the completion of the sale, the executive vice president owned 56,494 shares in the company, valued at approximately $1,417,434.46. This trade represents a 66.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 702,402 shares of company stock valued at $18,440,171 over the last ninety days. Corporate insiders own 0.44% of the company’s stock.

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.