75,784 Shares in Hewlett Packard Enterprise Company $HPE Bought by J. Goldman & Co LP

J. Goldman & Co LP acquired a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 75,784 shares of the technology company's stock, valued at approximately $3,419,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Hsbc Holdings PLC acquired a new position in shares of Hewlett Packard Enterprise during the 2nd quarter worth about $310,336,000. EFG International AG purchased a new stake in Hewlett Packard Enterprise during the 2nd quarter worth approximately $4,988,000. Ancora Advisors LLC acquired a new position in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $56,000. Delos Wealth Advisors LLC purchased a new position in shares of Hewlett Packard Enterprise in the second quarter valued at approximately $27,000. Finally, Primecap Management Co. CA acquired a new stake in shares of Hewlett Packard Enterprise in the second quarter worth approximately $773,225,000. Hedge funds and other institutional investors own 80.78% of the company's stock.

Insiders Place Their Bets

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 transaction of $911,072.50. The sale was disclosed in a document filed 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 corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on HPE. Piper Sandler restated a "neutral" rating and issued a $63.00 price objective (up from $23.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. Raymond James Financial upped their price objective on shares of Hewlett Packard Enterprise from $29.00 to $74.00 and gave the company an "outperform" rating in a research note on Tuesday, June 2nd. Sanford C. Bernstein boosted their target price on Hewlett Packard Enterprise from $35.00 to $62.00 and gave the stock a "market perform" rating in a report on Tuesday, June 2nd. Truist Financial reaffirmed a "buy" rating and issued a $69.00 price target (up from $31.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. Finally, The Goldman Sachs Group lifted their price objective on Hewlett Packard Enterprise from $32.00 to $79.00 and gave the stock a "buy" rating in a research report on Wednesday, June 3rd. Eleven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $69.80.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $53.44 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.75 and a current ratio of 1.09. The firm has a market cap of $70.77 billion, a P/E ratio of 49.94, a P/E/G ratio of 0.56 and a beta of 1.42. The firm's 50 day moving average price is $49.08 and its 200-day moving average price is $36.22. Hewlett Packard Enterprise Company has a one year low of $19.84 and a one year high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share 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 firm had revenue of $10.68 billion during the quarter, compared to the consensus estimate of $9.78 billion. During the same quarter last year, the firm earned ($0.82) EPS. The firm'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. As a group, equities research analysts predict that Hewlett Packard Enterprise Company will post 2.9 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

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

About Hewlett Packard Enterprise

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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