498,533 Shares in Hewlett Packard Enterprise Company $HPE Bought by Ieq Capital LLC

Key Points

• Ieq Capital LLC purchased 498,533 shares of Hewlett Packard Enterprise in the second quarter, valued at approximately $22.5 million. Institutional investors and hedge funds collectively own 80.78% of HPE.
• HPE reported quarterly earnings of $0.79 per share and revenue of $10.68 billion, beating analyst expectations of $0.54 EPS and $9.78 billion in revenue; revenue increased 40% year over year.
• Analysts maintain a generally positive outlook, with HPE receiving a consensus “Moderate Buy” rating and an average price target of $69.80, compared with a recent share price of $53.48.

Ieq Capital LLC bought a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 498,533 shares of the technology company's stock, valued at approximately $22,489,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sax Wealth Advisors LLC lifted its holdings in Hewlett Packard Enterprise by 2.9% in the second quarter. Sax Wealth Advisors LLC now owns 8,782 shares of the technology company's stock worth $396,000 after acquiring an additional 244 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Hewlett Packard Enterprise by 5.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 7,180 shares of the technology company's stock valued at $324,000 after purchasing an additional 355 shares during the period. Investment Research Partners LLC grew its stake in Hewlett Packard Enterprise by 2.0% during the 4th quarter. Investment Research Partners LLC now owns 21,925 shares of the technology company's stock worth $527,000 after buying an additional 423 shares during the last quarter. D.A. Davidson & CO. increased its position in Hewlett Packard Enterprise by 4.5% in the first quarter. D.A. Davidson & CO. now owns 9,998 shares of the technology company's stock worth $238,000 after buying an additional 429 shares during the period. Finally, Compound Planning Inc. lifted its stake in Hewlett Packard Enterprise by 2.4% in the first quarter. Compound Planning Inc. now owns 18,951 shares of the technology company's stock valued at $451,000 after buying an additional 446 shares during the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $53.48 on Friday. Hewlett Packard Enterprise Company has a 12 month low of $19.84 and a 12 month high of $64.25. 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 firm has a market capitalization of $70.82 billion, a PE ratio of 49.98, a P/E/G ratio of 0.57 and a beta of 1.42. The company's 50 day simple moving average is $48.90 and its 200 day simple moving average is $35.69.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.25. The firm had revenue of $10.68 billion during the quarter, compared to the consensus estimate of $9.78 billion. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The firm's revenue for the quarter was up 40.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.82) earnings per share. 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, equities research analysts forecast that Hewlett Packard Enterprise Company will post 2.9 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th were paid a dividend of $0.1425 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.57 annualized dividend and a yield of 1.1%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 53.27%.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 18,785 shares of the business's stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $48.50, for a total value of $911,072.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HPE. Zacks Research lowered shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 3rd. Barclays upped their target price on shares of Hewlett Packard Enterprise from $28.00 to $67.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 2nd. UBS Group lifted their price target on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a "neutral" rating in a report on Tuesday, June 2nd. Citigroup increased their price objective on Hewlett Packard Enterprise from $70.00 to $74.00 and gave the stock a "buy" rating in a report on Friday, July 24th. Finally, JPMorgan Chase & Co. lifted their target price on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an "overweight" rating in a research note on Tuesday, June 2nd. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $69.80.

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.

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