55,855 Shares in Hewlett Packard Enterprise Company $HPE Acquired by Daiichi Life Insurance Co. Ltd.

Key Points

• Daiichi Life Insurance acquired 55,855 HPE shares worth approximately $2.52 million in the second quarter, while institutional investors collectively own 80.78% of the company.
• Analyst sentiment remains positive, with 11 Buy ratings and six Holds producing a consensus “Moderate Buy” rating and an average price target of $69.80.
• HPE reported quarterly EPS of $0.79, exceeding expectations of $0.54, while revenue rose 40% year over year to $10.68 billion. The company also maintains a quarterly dividend of $0.1425 per share, equivalent to a 1.1% annual yield.

Daiichi Life Insurance Co. Ltd. acquired a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 55,855 shares of the technology company's stock, valued at approximately $2,520,000.

Other large investors also recently bought and sold shares of the company. Empowered Funds LLC increased its position in shares of Hewlett Packard Enterprise by 317.3% in the first 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 in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Hewlett Packard Enterprise by 44.7% in the 1st 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 in the last quarter. Brown Advisory Inc. boosted its position in shares of Hewlett Packard Enterprise by 4.4% in the 2nd quarter. Brown Advisory Inc. now owns 23,593 shares of the technology company's stock worth $482,000 after buying an additional 996 shares in the last quarter. Jump Financial LLC grew its stake in Hewlett Packard Enterprise by 25.8% in the 2nd 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 acquired a new stake in Hewlett Packard Enterprise in the 2nd quarter valued at about $207,000. Institutional investors and hedge funds own 80.78% of the company's stock.

Analysts Set New Price Targets

HPE has been the subject of a number of research reports. Bank of America lifted their target price on shares of Hewlett Packard Enterprise from $38.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, June 2nd. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and lowered their price target for the company from $71.00 to $69.00 in a research report on Monday, August 10th. Argus raised their price objective on shares of Hewlett Packard Enterprise from $30.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, June 3rd. Raymond James Financial lifted their price objective 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. Finally, Zacks Research lowered Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 3rd. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $69.80.

Insider Buying and Selling

In related news, SVP Kirt P. Karros sold 18,785 shares of the stock in a transaction dated 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 filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.44% of the company's stock.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $53.48 on Monday. The stock has a market capitalization of $70.82 billion, a P/E ratio of 49.98, a P/E/G ratio of 0.58 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 debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75. The firm's 50-day moving average is $48.90 and its two-hundred day moving average is $35.79.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.25. The business had revenue of $10.68 billion for the quarter, compared to the consensus estimate of $9.78 billion. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The company's quarterly revenue was up 40.0% compared to the same quarter last year. During the same quarter 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. Equities analysts predict that Hewlett Packard Enterprise Company will post 2.9 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th were given 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 dividend yield of 1.1%. Hewlett Packard Enterprise's payout ratio is currently 53.27%.

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source