Global Retirement Partners LLC acquired a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 22,889 shares of the technology company's stock, valued at approximately $1,033,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Empowered Funds LLC raised its holdings in Hewlett Packard Enterprise by 317.3% during the 1st quarter. Empowered Funds LLC now owns 149,810 shares of the technology company's stock valued at $2,312,000 after buying an additional 113,906 shares during the period. Geneos Wealth Management Inc. lifted its position in Hewlett Packard Enterprise by 44.7% in the first quarter. Geneos Wealth Management Inc. now owns 4,456 shares of the technology company's stock worth $69,000 after buying an additional 1,377 shares during the last quarter. Brown Advisory Inc. boosted its stake in Hewlett Packard Enterprise by 4.4% during the second quarter. Brown Advisory Inc. now owns 23,593 shares of the technology company's stock worth $482,000 after buying an additional 996 shares during the period. Jump Financial LLC increased its position in Hewlett Packard Enterprise by 25.8% during the second quarter. Jump Financial LLC now owns 15,662 shares of the technology company's stock valued at $320,000 after acquiring an additional 3,215 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new position in Hewlett Packard Enterprise during the second quarter valued at $207,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.
Hewlett Packard Enterprise Stock Down 3.4%
Shares of HPE opened at $55.68 on Wednesday. The firm has a market capitalization of $73.73 billion, a P/E ratio of 52.04, a P/E/G ratio of 0.63 and a beta of 1.42. Hewlett Packard Enterprise Company has a 12-month low of $19.84 and a 12-month high of $64.25. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.72. The firm has a fifty day moving average price of $48.52 and a 200-day moving average price of $35.13.
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, topping analysts' consensus estimates 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 firm had revenue of $10.68 billion for the quarter, compared to analysts' expectations of $9.78 billion. During the same period in the prior year, the business posted ($0.82) earnings per share. The business's revenue for the quarter was up 40.0% on a year-over-year basis. 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. Equities research analysts expect that Hewlett Packard Enterprise Company will post 2.9 earnings per share for the current year.
Hewlett Packard Enterprise Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th were given a dividend of $0.1425 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.0%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 53.27%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on HPE shares. Wells Fargo & Company raised their target price on shares of Hewlett Packard Enterprise from $26.00 to $67.00 and gave the stock an "equal weight" rating in a report on Tuesday, June 2nd. Bank of America upped their price target on shares of Hewlett Packard Enterprise from $38.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, June 2nd. Wall Street Zen raised shares of Hewlett Packard Enterprise from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 10th. Loop Capital raised shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and raised their price objective for the stock from $23.00 to $75.00 in a research note on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. boosted their target price on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an "overweight" rating 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 stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of "Moderate Buy" and an average target price of $69.80.
Read Our Latest Analysis on HPE
Insider Buying and Selling at Hewlett Packard Enterprise
In other news, SVP Kirt P. Karros sold 18,785 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $48.50, for a total transaction of $911,072.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.44% of the company's stock.
Hewlett Packard Enterprise Company Profile
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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.
Further Reading
Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise Company (NYSE:HPE - Free Report).
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