Sterling Capital Management LLC Has $1.07 Million Stake in Hewlett Packard Enterprise Company $HPE

Sterling Capital Management LLC lowered its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 42.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,121 shares of the technology company’s stock after selling 32,870 shares during the quarter. Sterling Capital Management LLC’s holdings in Hewlett Packard Enterprise were worth $1,074,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Capital World Investors acquired a new stake in Hewlett Packard Enterprise during the 4th quarter worth approximately $901,751,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $433,537,000. Jericho Capital Asset Management L.P. acquired a new position in shares of Hewlett Packard Enterprise in the third quarter valued at approximately $416,900,000. Norges Bank bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth $185,969,000. Finally, Holocene Advisors LP acquired a new stake in shares of Hewlett Packard Enterprise during the third quarter worth $144,468,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Up 1.6%

Hewlett Packard Enterprise stock opened at $45.10 on Wednesday. The company has a market cap of $59.72 billion, a P/E ratio of 42.15, a price-to-earnings-growth ratio of 0.48 and a beta of 1.42. Hewlett Packard Enterprise Company has a 1-year low of $19.64 and a 1-year high of $64.25. The company has a fifty day simple moving average of $39.36 and a 200 day simple moving average of $28.69. 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 (NYSE:HPE) last issued its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.25. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The firm had revenue of $10.68 billion for the quarter, compared to analyst estimates of $9.78 billion. During the same period in the previous year, the business earned ($0.82) EPS. The company’s revenue was up 40.0% compared to the same quarter last year. 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. Research analysts anticipate that Hewlett Packard Enterprise Company will post 2.88 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors 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 yield of 1.3%. The ex-dividend date is Tuesday, June 16th. Hewlett Packard Enterprise’s dividend payout ratio is presently 53.27%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Fidelma Russo sold 17,001 shares of the business’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $27.97, for a total transaction of $475,517.97. The transaction was disclosed in a document filed with the SEC, which is accessible through 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 company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total value of $911,072.50. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 310,102 shares of company stock valued at $9,013,662 in the last ninety days. Insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

HPE has been the topic of several research reports. Morgan Stanley boosted their price objective on shares of Hewlett Packard Enterprise from $33.00 to $71.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 2nd. Wells Fargo & Company increased their target price on Hewlett Packard Enterprise from $26.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 2nd. Loop Capital upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and boosted their price target for the company from $23.00 to $75.00 in a report on Tuesday, June 2nd. JPMorgan Chase & Co. upped their price objective on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Finally, Truist Financial reiterated a “buy” rating and set a $69.00 price objective (up from $31.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Hewlett Packard Enterprise presently 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.