Resona Asset Management Co. Ltd. Sells 28,475 Shares of Hewlett Packard Enterprise Company $HPE

Resona Asset Management Co. Ltd. cut its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 6.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 418,663 shares of the technology company’s stock after selling 28,475 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Hewlett Packard Enterprise were worth $10,079,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Hewlett Packard Enterprise by 1.1% during the fourth 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 during the period. Jericho Capital Asset Management L.P. bought a new stake in Hewlett Packard Enterprise during the third quarter valued at approximately $416,900,000. Legal & General Group Plc grew its position in Hewlett Packard Enterprise by 0.3% during the third quarter. Legal & General Group Plc now owns 13,241,459 shares of the technology company’s stock valued at $325,210,000 after buying an additional 36,765 shares during the period. Nordea Investment Management AB grew its position in Hewlett Packard Enterprise by 4.4% during the fourth quarter. Nordea Investment Management AB now owns 7,485,650 shares of the technology company’s stock valued at $179,693,000 after buying an additional 312,698 shares during the period. Finally, Holocene Advisors LP bought a new stake in Hewlett Packard Enterprise during the third quarter valued at approximately $144,468,000. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $33.95 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.03 and a quick ratio of 0.75. Hewlett Packard Enterprise Company has a 1-year low of $17.02 and a 1-year high of $34.69. The company has a market capitalization of $45.05 billion, a P/E ratio of -178.68, a P/E/G ratio of 0.87 and a beta of 1.28. The firm’s 50 day simple moving average is $26.68 and its two-hundred day simple moving average is $24.00.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Monday, March 9th. The technology company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.06. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. The business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.31 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.300-2.500 EPS and its Q2 2026 guidance at 0.510-0.550 EPS. Research analysts expect that Hewlett Packard Enterprise Company will post 1.96 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th were issued a dividend of $0.1425 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.57 annualized dividend and a yield of 1.7%. Hewlett Packard Enterprise’s payout ratio is currently -300.00%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 112,652 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $25.09, for a total transaction of $2,826,438.68. Following the transaction, the executive vice president owned 56,494 shares of the company’s stock, valued at $1,417,434.46. The trade was a 66.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Antonio F. Neri sold 264,432 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $25.18, for a total transaction of $6,658,397.76. Following the transaction, the chief executive officer directly owned 1,837,329 shares in the company, valued at $46,263,944.22. This represents a 12.58% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 702,402 shares of company stock valued at $18,440,171. 0.44% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HPE. Wall Street Zen lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Bank of America boosted their target price on shares of Hewlett Packard Enterprise from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, March 10th. Raymond James Financial restated an “outperform” rating and set a $29.00 target price (down from $30.00) on shares of Hewlett Packard Enterprise in a research report on Monday, April 13th. Morgan Stanley boosted their target price on shares of Hewlett Packard Enterprise from $25.00 to $33.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Citigroup boosted their target price on shares of Hewlett Packard Enterprise from $27.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.88.

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.