California State Teachers Retirement System Sells 47,167 Shares of Hewlett Packard Enterprise Company $HPE

California State Teachers Retirement System trimmed its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 2.2% during the 1st quarter, Holdings Channel.com reports. The fund owned 2,102,387 shares of the technology company’s stock after selling 47,167 shares during the period. California State Teachers Retirement System’s holdings in Hewlett Packard Enterprise were worth $50,058,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HPE. Capital World Investors purchased a new position in Hewlett Packard Enterprise in the 4th quarter worth approximately $901,751,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Hewlett Packard Enterprise during the 4th quarter valued at approximately $433,537,000. Elliott Investment Management L.P. raised its position in shares of Hewlett Packard Enterprise by 47.2% during the first quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock valued at $652,912,000 after buying an additional 8,790,757 shares during the last quarter. Norges Bank bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $185,969,000. Finally, Amundi lifted its holdings in shares of Hewlett Packard Enterprise by 63.1% in the fourth quarter. Amundi now owns 11,514,029 shares of the technology company’s stock worth $276,567,000 after buying an additional 4,454,568 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 10th. JPMorgan Chase & Co. boosted their price target on shares of Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Argus increased their price objective on shares of Hewlett Packard Enterprise from $30.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Citigroup raised their price objective on Hewlett Packard Enterprise from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Finally, Wells Fargo & Company lifted 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $67.31.

Hewlett Packard Enterprise Trading Up 6.1%

Shares of HPE opened at $47.14 on Friday. The stock has a market capitalization of $62.42 billion, a PE ratio of 44.06, a P/E/G ratio of 0.48 and a beta of 1.42. The company’s fifty day moving average is $46.16 and its 200 day moving average is $32.10. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.75 and a current ratio of 1.09. Hewlett Packard Enterprise Company has a fifty-two week low of $19.64 and a fifty-two week high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 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 business had revenue of $10.68 billion during the quarter, compared to analyst estimates of $9.78 billion. During the same quarter last year, the business earned ($0.82) earnings per share. Hewlett Packard Enterprise’s quarterly 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. Sell-side analysts expect that Hewlett Packard Enterprise Company will post 2.88 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

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

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Kirt P. Karros sold 18,785 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $48.50, for a total value of $911,072.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 that occurred on Tuesday, May 5th. The stock was sold at an average price of $30.01, for a total value of $2,808,425.83. Following the sale, 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 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. In the last quarter, insiders sold 118,850 shares of company stock valued at $3,908,125. 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.