First Dallas Securities Inc. Sells 14,876 Shares of Hewlett Packard Enterprise Company $HPE

First Dallas Securities Inc. cut its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 37.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,926 shares of the technology company’s stock after selling 14,876 shares during the quarter. First Dallas Securities Inc.’s holdings in Hewlett Packard Enterprise were worth $593,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of HPE. Private Advisor Group LLC boosted its stake in Hewlett Packard Enterprise by 1.0% during the 1st quarter. Private Advisor Group LLC now owns 58,915 shares of the technology company’s stock worth $1,403,000 after acquiring an additional 580 shares during the last quarter. Y Intercept Hong Kong Ltd grew its holdings in Hewlett Packard Enterprise by 185.5% during the first quarter. Y Intercept Hong Kong Ltd now owns 221,466 shares of the technology company’s stock valued at $5,273,000 after purchasing an additional 143,898 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Hewlett Packard Enterprise by 80.1% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 389,560 shares of the technology company’s stock valued at $9,275,000 after purchasing an additional 173,200 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in Hewlett Packard Enterprise in the first quarter worth $1,090,000. Finally, Sharp Wealth Advisory LLC acquired a new stake in Hewlett Packard Enterprise in the first quarter worth $210,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Down 0.4%

Shares of HPE stock opened at $41.06 on Friday. The firm has a fifty day moving average of $40.18 and a 200-day moving average of $29.03. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. Hewlett Packard Enterprise Company has a 12-month low of $19.64 and a 12-month high of $64.25. The company has a market capitalization of $54.37 billion, a price-to-earnings ratio of 38.37, a P/E/G ratio of 0.45 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE) last posted 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. The business had revenue of $10.68 billion for the quarter, compared to analysts’ expectations of $9.78 billion. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The firm’s revenue was up 40.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($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 predict that Hewlett Packard Enterprise Company will post 2.88 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

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

Wall Street Analyst Weigh In

HPE has been the subject of several research analyst reports. Morgan Stanley boosted their price target on shares of Hewlett Packard Enterprise from $33.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, June 2nd. Wells Fargo & Company raised their price objective on Hewlett Packard Enterprise from $26.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 2nd. Bank of America lifted their target price on Hewlett Packard Enterprise from $38.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Truist Financial reissued a “buy” rating and issued a $69.00 target price (up from $31.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. Finally, The Goldman Sachs Group increased their price target on Hewlett Packard Enterprise from $32.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.65.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP Fidelma Russo sold 17,001 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $27.97, for a total value of $475,517.97. The sale was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $30.01, for a total value of $2,808,425.83. Following the completion of the sale, the chief financial officer owned 204,754 shares in the company, valued at $6,144,667.54. The trade was a 31.37% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 310,102 shares of company stock valued at $9,013,662 over the last ninety days. Company 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.