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ABN Amro Investment Solutions Has $5 Million Holdings in Hewlett Packard Enterprise Company $HPE

Hewlett Packard Enterprise logo with Technology background
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Key Points

  • ABN Amro Investment Solutions increased its HPE position by 60.8% in the second quarter, bringing its holdings to 110,876 shares valued at approximately $5 million. Institutional investors collectively own 80.78% of HPE.
  • Analysts maintain a generally positive outlook, with 11 Buy ratings and six Holds producing a consensus “Moderate Buy” rating and an average price target of $69.80.
  • HPE reported quarterly revenue of $10.68 billion and adjusted earnings of $0.79 per share, both ahead of expectations, while investors also weigh the DOJ settlement clearing a major hurdle for its Juniper Networks acquisition.
  • Five stocks we like better than Hewlett Packard Enterprise.

ABN Amro Investment Solutions boosted its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 60.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 110,876 shares of the technology company's stock after purchasing an additional 41,918 shares during the period. ABN Amro Investment Solutions' holdings in Hewlett Packard Enterprise were worth $5,002,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several equities analysts have commented on HPE shares. Wells Fargo & Company increased their price target on Hewlett Packard Enterprise from $26.00 to $67.00 and gave the company an "equal weight" rating in a report on Tuesday, June 2nd. Truist Financial reaffirmed a "buy" rating and set a $69.00 price objective (up from $31.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. Piper Sandler reiterated a "neutral" rating and issued a $63.00 target price (up from $23.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. Citigroup lifted their target price on shares of Hewlett Packard Enterprise from $70.00 to $74.00 and gave the stock a "buy" rating in a report on Friday, July 24th. Finally, Barclays boosted 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. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of "Moderate Buy" and a consensus target price of $69.80.

Read Our Latest Stock Report on Hewlett Packard Enterprise

Hewlett Packard Enterprise Price Performance

Shares of HPE stock opened at $59.83 on Friday. The stock's fifty day simple moving average is $48.02 and its 200 day simple moving average is $34.37. Hewlett Packard Enterprise Company has a one year low of $19.84 and a one year high of $64.25. The firm has a market cap of $79.23 billion, a price-to-earnings ratio of 55.92, a P/E/G ratio of 0.63 and a beta of 1.42. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.25. The firm had revenue of $10.68 billion for the quarter, compared to analyst estimates 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 revenue was up 40.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.82) EPS. 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. On average, analysts expect that Hewlett Packard Enterprise Company will post 2.9 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th were issued a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a yield of 1.0%. The ex-dividend date was Tuesday, June 16th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 53.27%.

Key Headlines Impacting Hewlett Packard Enterprise

Here are the key news stories impacting Hewlett Packard Enterprise this week:

Insiders Place Their Bets

In other news, SVP Kirt P. Karros sold 18,785 shares of the firm's 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.44% of the company's stock.

About Hewlett Packard Enterprise

(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.

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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.

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