Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 22,769,642 shares of the technology company's stock, valued at approximately $1,027,139,000. Hewlett Packard Enterprise accounts for 3.1% of Barrow Hanley Mewhinney & Strauss LLC's holdings, making the stock its largest position. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.72% of Hewlett Packard Enterprise as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Freemont Management S.A. raised its stake in shares of Hewlett Packard Enterprise by 197.1% in the 4th quarter. Freemont Management S.A. now owns 217,200 shares of the technology company's stock valued at $5,217,000 after buying an additional 144,100 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Hewlett Packard Enterprise by 60.2% during the 4th quarter. CIBC Asset Management Inc now owns 337,691 shares of the technology company's stock valued at $8,111,000 after acquiring an additional 126,938 shares in the last quarter. Irenic Capital Management LP acquired a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at about $18,691,000. Vanguard Group Inc. increased its stake in Hewlett Packard Enterprise by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company's stock valued at $4,156,870,000 after acquiring an additional 1,917,719 shares during the period. Finally, Banque Cantonale Vaudoise increased its stake in Hewlett Packard Enterprise by 73.6% in the fourth quarter. Banque Cantonale Vaudoise now owns 234,456 shares of the technology company's stock valued at $5,632,000 after acquiring an additional 99,412 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.
Hewlett Packard Enterprise Stock Up 0.1%
NYSE:HPE opened at $53.48 on Monday. The company has a market cap of $70.82 billion, a price-to-earnings ratio of 49.98, a P/E/G ratio of 0.58 and a beta of 1.42. 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 stock's fifty day moving average price is $48.90 and its two-hundred day moving average price is $35.79. Hewlett Packard Enterprise Company has a 52-week low of $19.84 and a 52-week high of $64.25.
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 for the quarter, topping the consensus estimate of $0.54 by $0.25. The firm had revenue of $10.68 billion during the quarter, compared to analysts' expectations of $9.78 billion. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The company's quarterly revenue was up 40.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($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 anticipate that Hewlett Packard Enterprise Company will post 2.9 EPS for the current year.
Hewlett Packard Enterprise Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th were given a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, June 16th. Hewlett Packard Enterprise's payout ratio is presently 53.27%.
Analysts Set New Price Targets
A number of research analysts have commented on the stock. Truist Financial restated a "buy" rating and set a $69.00 price target (up from $31.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. upped their price objective 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. Barclays increased their target price on Hewlett Packard Enterprise from $28.00 to $67.00 and gave the stock an "overweight" rating in a report on Tuesday, June 2nd. Sanford C. Bernstein raised their target price on Hewlett Packard Enterprise from $35.00 to $62.00 and gave the stock a "market perform" rating in a research report on Tuesday, June 2nd. Finally, Morgan Stanley raised Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and decreased their price target for the company from $71.00 to $69.00 in a research note on Monday, August 10th. Eleven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Hewlett Packard Enterprise has a consensus rating of "Moderate Buy" and a consensus price target of $69.80.
Get Our Latest Analysis on Hewlett Packard Enterprise
Insider Activity at Hewlett Packard Enterprise
In related news, SVP Kirt P. Karros sold 18,785 shares of the stock in a transaction that occurred on 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 filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by company insiders.
Hewlett Packard Enterprise Company Profile
(
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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