Hewlett Packard Enterprise Company $HPE Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 1.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,085,349 shares of the technology company’s stock after selling 38,322 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of Hewlett Packard Enterprise worth $197,123,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HPE. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at about $1,027,139,000. Primecap Management Co. CA purchased a new stake in Hewlett Packard Enterprise during the second quarter worth approximately $773,225,000. Legal & General Group Plc acquired a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at about $512,721,000. Elliott Investment Management L.P. boosted its stake in shares of Hewlett Packard Enterprise by 47.2% in 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 purchasing an additional 8,790,757 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in Hewlett Packard Enterprise in the second quarter valued at about $322,718,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HPE. Daiwa Securities Group raised shares of Hewlett Packard Enterprise from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $65.00 to $75.00 in a research report on Friday, October 2nd. UBS Group lifted their target price on Hewlett Packard Enterprise from $59.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday, October 1st. The Goldman Sachs Group upped their target price on Hewlett Packard Enterprise from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, October 6th. Wall Street Zen raised Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 30th. Finally, JPMorgan Chase & Co. boosted their price objective on Hewlett Packard Enterprise from $68.00 to $70.00 in a research report on Tuesday, August 25th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $65.44.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $55.22 on Monday. Hewlett Packard Enterprise Company has a 12 month low of $19.84 and a 12 month high of $73.56. The stock has a market cap of $73.31 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 0.46 and a beta of 1.39. The stock’s 50 day moving average price is $59.71 and its 200 day moving average price is $40.71. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.11 and a quick ratio of 0.72.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Wednesday, September 2nd. The technology company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.18. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The company had revenue of $12.21 billion for the quarter, compared to analysts’ expectations of $11.97 billion. During the same quarter in the previous year, the company posted $0.44 EPS. The business’s revenue was up 33.7% compared to the same quarter last year. Hewlett Packard Enterprise has set its Q4 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 3.750-3.850 EPS. Equities research analysts anticipate that Hewlett Packard Enterprise Company will post 3.34 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, September 17th were paid a $0.1425 dividend. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $0.57 annualized dividend and a dividend yield of 1.0%. Hewlett Packard Enterprise’s payout ratio is presently 29.69%.

Insider Activity

In related news, Director Gary M. Reiner sold 17,000 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $56.91, for a total value of $967,470.00. Following the transaction, the director directly owned 65,072 shares of the company’s stock, valued at approximately $3,703,247.52. This trade represents a 20.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rami Rahim sold 34,456 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $61.42, for a total value of $2,116,287.52. Following the completion of the sale, the executive vice president directly owned 875,133 shares in the company, valued at approximately $53,750,668.86. This represents a 3.79% 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 90 days, insiders have sold 585,899 shares of company stock worth $37,270,329. 0.44% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company (NYSE:HPE) is a global technology company that provides information technology solutions for businesses, governments and other organizations. Its offerings are designed to help customers build, manage and modernize data centers, hybrid cloud environments and edge computing operations.

HPE’s portfolio includes enterprise servers and compute systems, data storage, networking products, high-performance computing and artificial intelligence infrastructure.