Hewlett Packard Enterprise Company $HPE Shares Sold by Legal & General Group Plc

by · The Cerbat Gem

Legal & General Group Plc cut its stake in Hewlett Packard Enterprise Company (NYSE:HPE – Free Report) by 7.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 12,257,854 shares of the technology company’s stock after selling 983,605 shares during the period. Legal & General Group Plc’s holdings in Hewlett Packard Enterprise were worth $294,434,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Pathfinder Wealth Consulting Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth approximately $215,000. EverSource Wealth Advisors LLC grew its stake in Hewlett Packard Enterprise by 13.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 18,143 shares of the technology company’s stock worth $436,000 after buying an additional 2,214 shares during the period. Legato Capital Management LLC acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth $2,404,000. Mizuho Markets Cayman LP raised its stake in shares of Hewlett Packard Enterprise by 3,285.1% in the 4th quarter. Mizuho Markets Cayman LP now owns 256,152 shares of the technology company’s stock valued at $6,153,000 after acquiring an additional 248,585 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Hewlett Packard Enterprise by 1.6% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 35,130 shares of the technology company’s stock valued at $844,000 after acquiring an additional 539 shares during the period. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hewlett Packard Enterprise

In other news, EVP Fidelma Russo sold 34,001 shares of the business’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $25.08, for a total transaction of $852,745.08. Following the completion of the transaction, the executive vice president owned 17,001 shares of the company’s stock, valued at approximately $426,385.08. The trade was a 66.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 transaction, the chief financial officer directly owned 204,754 shares of the company’s stock, valued at approximately $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. Insiders have sold a total of 702,402 shares of company stock valued at $18,440,171 over the last quarter. Insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Monday. Citigroup lifted their price target on shares of Hewlett Packard Enterprise from $27.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Morgan Stanley lifted their price target on shares of Hewlett Packard Enterprise from $25.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 21st. Weiss Ratings restated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, March 25th. Finally, Bank of America lifted their price target on shares of Hewlett Packard Enterprise from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.88.

Check Out Our Latest Stock Analysis on Hewlett Packard Enterprise

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $38.06 on Wednesday. The company has a market cap of $50.50 billion, a PE ratio of -200.32, a P/E/G ratio of 0.96 and a beta of 1.28. The company has a fifty day moving average price of $27.65 and a two-hundred day moving average price of $24.29. 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 12 month low of $17.02 and a 12 month high of $38.58.

Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last released its quarterly earnings data on Monday, March 9th. The technology company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.31 billion. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. The firm’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 earnings per share. 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 1.97 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th were issued a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, March 24th. Hewlett Packard Enterprise’s payout ratio is currently -300.00%.

Hewlett Packard Enterprise Profile

(Free Report)

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.

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