164,534 Shares in Hewlett Packard Enterprise Company $HPE Purchased by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC acquired 164,534 HPE shares worth approximately $7.42 million, while institutional investors collectively own 80.78% of the company.
• Analysts maintain a “Moderate Buy” consensus, with 11 Buy ratings and six Holds and an average price target of $69.80.
• HPE reported quarterly EPS of $0.79 versus the $0.54 estimate and revenue of $10.68 billion, up 40% year over year; shares opened at $58.78, up 8.1%.

Counterpoint Mutual Funds LLC acquired a new position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 164,534 shares of the technology company's stock, valued at approximately $7,422,000. Hewlett Packard Enterprise comprises about 0.7% of Counterpoint Mutual Funds LLC's investment portfolio, making the stock its 24th largest holding.

Other large investors have also modified their holdings of the company. Capital World Investors purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth approximately $901,751,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $433,537,000. Elliott Investment Management L.P. lifted its stake in shares of Hewlett Packard Enterprise by 47.2% during the 1st quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company's stock worth $652,912,000 after acquiring an additional 8,790,757 shares during the last quarter. Norges Bank purchased a new position in Hewlett Packard Enterprise during the 4th quarter valued at $185,969,000. Finally, Amundi boosted its holdings in Hewlett Packard Enterprise by 63.1% during the 4th quarter. Amundi now owns 11,514,029 shares of the technology company's stock valued at $276,567,000 after acquiring an additional 4,454,568 shares during the period. Hedge funds and other institutional investors own 80.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Raymond James Financial lifted their target price on Hewlett Packard Enterprise from $29.00 to $74.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 2nd. Piper Sandler restated a "neutral" rating and issued a $63.00 price target (up from $23.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. The Goldman Sachs Group raised their price target on shares of Hewlett Packard Enterprise from $32.00 to $79.00 and gave the stock a "buy" rating in a research note on Wednesday, June 3rd. Argus lifted 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. Finally, Loop Capital raised shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and boosted their price objective for the company from $23.00 to $75.00 in a research report on Tuesday, June 2nd. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $69.80.

Hewlett Packard Enterprise Stock Up 8.1%

Shares of Hewlett Packard Enterprise stock opened at $58.78 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75. The stock has a market cap of $77.84 billion, a price-to-earnings ratio of 54.93, a PEG ratio of 0.59 and a beta of 1.42. The firm's 50-day moving average is $47.90 and its two-hundred day moving average is $34.10. Hewlett Packard Enterprise Company has a 1 year low of $19.84 and a 1 year high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings results 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 in the previous year, the business posted ($0.82) EPS. The company'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. As a group, research analysts expect that Hewlett Packard Enterprise Company will post 2.9 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th were paid 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 yield of 1.0%. Hewlett Packard Enterprise's payout ratio is 53.27%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 18,785 shares of the company's stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total transaction of $911,072.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by corporate insiders.

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.

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