Weiss Asset Management LP Invests $23.91 Million in Hewlett Packard Enterprise Company $HPE

Weiss Asset Management LP bought a new stake in Hewlett Packard Enterprise Company (NYSE:HPE) in the first quarter, Holdings Channel reports. The institutional investor bought 1,004,400 shares of the technology company’s stock, valued at approximately $23,915,000.

A number of other institutional investors have also recently bought and sold shares of HPE. Vanguard Group Inc. raised its stake in shares of Hewlett Packard Enterprise by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company’s stock valued at $4,156,870,000 after buying an additional 1,917,719 shares in the last quarter. Capital World Investors acquired a new position in Hewlett Packard Enterprise in the fourth quarter worth about $901,751,000. Geode Capital Management LLC lifted its stake in Hewlett Packard Enterprise by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 34,869,143 shares of the technology company’s stock worth $835,626,000 after purchasing an additional 431,728 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Hewlett Packard Enterprise during the fourth quarter worth about $433,537,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Hewlett Packard Enterprise by 0.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,193,841 shares of the technology company’s stock valued at $316,916,000 after purchasing an additional 49,508 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insiders Place Their Bets

In other news, Director Bethany Mayer sold 6,482 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $29.10, for a total transaction of $188,626.20. Following the transaction, the director directly owned 8,018 shares of the company’s stock, valued at $233,323.80. This trade represents a 44.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $2,808,425.83. Following the completion of the transaction, the chief financial officer directly owned 204,754 shares of the company’s stock, valued at $6,144,667.54. This trade represents a 31.37% decrease in their position. 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. Over the last three months, insiders have sold 118,850 shares of company stock worth $3,908,125. Company insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Trading Down 0.0%

HPE stock opened at $47.64 on Friday. Hewlett Packard Enterprise Company has a twelve month low of $19.64 and a twelve month high of $64.25. The company has a market cap of $63.08 billion, a P/E ratio of 44.52, a PEG ratio of 0.52 and a beta of 1.42. 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 business has a fifty day moving average of $45.12 and a 200-day moving average of $31.38.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.25. The firm had revenue of $10.68 billion during the quarter, compared to analyst estimates of $9.78 billion. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The business’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.82) EPS. 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. As a group, equities research analysts expect that Hewlett Packard Enterprise Company will post 2.88 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th were issued a $0.1425 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $0.57 annualized dividend and a yield of 1.2%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 53.27%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HPE shares. JPMorgan Chase & Co. increased their target price on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Wells Fargo & Company boosted their price target on Hewlett Packard Enterprise from $26.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 2nd. Wall Street Zen upgraded Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 10th. Susquehanna increased their price objective on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Finally, Zacks Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.31.

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.