Algert Global LLC Grows Stock Holdings in Hewlett Packard Enterprise Company $HPE

Key Points

• Algert Global increased its HPE stake by 355.5% in the second quarter, ending with 149,172 shares valued at approximately $6.7 million. Hedge funds and other institutional investors collectively own 80.78% of the company.
• Wall Street remains broadly positive, with 11 analysts rating HPE a Buy and six rating it Hold. The stock has a consensus “Moderate Buy” rating and an average price target of $69.80.
• HPE recently exceeded earnings and revenue expectations, driven by strong enterprise and private-cloud AI demand. Shares opened at $55.22, while an executive separately sold 18,785 shares for about $911,000 under a pre-arranged trading plan.

Algert Global LLC grew its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 355.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,172 shares of the technology company's stock after purchasing an additional 116,422 shares during the quarter. Algert Global LLC's holdings in Hewlett Packard Enterprise were worth $6,729,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in shares of Hewlett Packard Enterprise in the second quarter worth approximately $26,000. SJS Investment Consulting Inc. raised its position in shares of Hewlett Packard Enterprise by 159.5% in the first quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company's stock valued at $28,000 after buying an additional 716 shares during the last quarter. Union Savings Bank purchased a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth about $30,000. Reflection Asset Management purchased a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth about $31,000. Finally, Hilton Head Capital Partners LLC acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth about $40,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HPE shares. The Goldman Sachs Group raised their price objective on shares of Hewlett Packard Enterprise from $32.00 to $79.00 and gave the stock a "buy" rating in a research report on Wednesday, June 3rd. Wells Fargo & Company increased their price target on shares of Hewlett Packard Enterprise from $26.00 to $67.00 and gave the company an "equal weight" rating in a research note on Tuesday, June 2nd. Piper Sandler reiterated a "neutral" rating and issued a $63.00 price objective (up from $23.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, June 2nd. Citigroup raised their target price on Hewlett Packard Enterprise from $70.00 to $74.00 and gave the stock a "buy" rating in a research note on Friday, July 24th. Finally, UBS Group upped their price target on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday, June 2nd. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.80.

Insider Buying and Selling

In other news, SVP Kirt P. Karros sold 18,785 shares of Hewlett Packard Enterprise stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total value of $911,072.50. The sale 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.

Key Hewlett Packard Enterprise News

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

• Positive Sentiment: Private-cloud AI demand is a key growth catalyst. HPE’s enterprise AI orders, backlog, and demand for Private Cloud AI reportedly remain strong, supporting expectations for continued growth in higher-value infrastructure and services. HPE's Private Cloud AI Gains Momentum: What Lies Ahead?
• Positive Sentiment: Investors are positioning for the upcoming earnings report. Zacks expects HPE to have favorable conditions for a potential earnings beat, adding near-term anticipation. HPE’s prior report exceeded consensus earnings and revenue estimates, and management’s fiscal 2026 guidance provides a fundamental support for the bullish view. Hewlett Packard Enterprise Earnings Expected to Grow
• Positive Sentiment: Technical momentum has improved. HPE moved above its 20-day moving average after finding support, a signal that short-term traders may interpret as bullish. Another analysis describes a potential “bull flag” pattern ahead of earnings, although that price target is speculative. HPE Crossed Above the 20-Day Moving Average
• Neutral Sentiment: HPE was included among low price-to-book stocks with potential value and growth characteristics, but the article is a screening piece rather than a new company-specific catalyst. Five Low P/B Stocks
• Neutral Sentiment: Newegg Business is partnering with HPE to streamline server procurement and deployment. The deal may improve channel access, but no financial terms or material revenue impact were disclosed. Newegg Business Teams with HPE
• Negative Sentiment: Dell Technologies reportedly matched HPE’s 30-day price-quote guarantee, potentially reducing the differentiation of HPE’s sales policy and increasing competitive pressure. Dell Matches HPE's Price Quote Guarantee

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $55.22 on Thursday. The company's fifty day moving average price is $49.22 and its 200 day moving average price is $36.45. 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 $73.12 billion, a P/E ratio of 51.61, a P/E/G ratio of 0.58 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, topping 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 business had revenue of $10.68 billion during the quarter, compared to the consensus estimate of $9.78 billion. During the same quarter in the prior year, the firm earned ($0.82) earnings per share. The business's quarterly revenue was up 40.0% compared to the same quarter last year. 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, sell-side analysts predict that Hewlett Packard Enterprise Company will post 2.9 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders 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 annualized dividend and a yield of 1.0%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 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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