BlueCrest Capital Management Ltd Acquires 103,323 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• BlueCrest Capital Management more than doubled its HPE position in the second quarter, acquiring 103,323 additional shares for a total holding of 201,015 shares valued at approximately $9.1 million. Institutional investors collectively own 80.78% of HPE.
• Analyst sentiment remains positive: HPE has a consensus “Moderate Buy” rating and an average price target of $69.44, with several firms recently raising their targets.
• HPE reported stronger-than-expected quarterly results, with EPS of $1.11 and revenue of $12.21 billion, up 33.7% year over year. The company also announced a quarterly dividend of $0.1425 per share, equivalent to a 1.0% annualized yield.

BlueCrest Capital Management Ltd boosted its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 105.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 201,015 shares of the technology company's stock after acquiring an additional 103,323 shares during the period. BlueCrest Capital Management Ltd's holdings in Hewlett Packard Enterprise were worth $9,068,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. California State Teachers Retirement System boosted its position in shares of Hewlett Packard Enterprise by 4,299.0% in the 2nd quarter. California State Teachers Retirement System now owns 92,484,612 shares of the technology company's stock worth $4,171,981,000 after purchasing an additional 90,382,225 shares during the last quarter. Capital World Investors bought a new stake in Hewlett Packard Enterprise in the fourth quarter valued at about $901,751,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Hewlett Packard Enterprise in the second quarter valued at about $1,027,139,000. Primecap Management Co. CA acquired a new position in Hewlett Packard Enterprise in the second quarter valued at about $773,225,000. Finally, Legal & General Group Plc bought a new position in Hewlett Packard Enterprise during the second quarter worth about $512,721,000. Institutional investors own 80.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HPE shares. The Goldman Sachs Group boosted their target price 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. Morgan Stanley reduced their price objective on shares of Hewlett Packard Enterprise from $69.00 to $67.00 and set an "overweight" rating on the stock in a research note on Thursday, September 3rd. Truist Financial boosted their price objective on shares of Hewlett Packard Enterprise from $69.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, September 3rd. JPMorgan Chase & Co. upped their target price on shares of Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an "overweight" rating in a research note on Tuesday, June 2nd. Finally, Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 30th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $69.44.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Kirt Karros sold 18,785 shares of the business's stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total value of $911,072.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.44% of the company's stock.

Hewlett Packard Enterprise Trading Up 4.8%

HPE opened at $58.69 on Thursday. The stock has a market capitalization of $77.91 billion, a P/E ratio of 30.57, a P/E/G ratio of 0.51 and a beta of 1.43. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 0.65. Hewlett Packard Enterprise Company has a 12 month low of $19.84 and a 12 month high of $64.25. The firm's fifty day simple moving average is $50.62 and its 200 day simple moving average is $38.61.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.18. The firm had revenue of $12.21 billion for the quarter, compared to the consensus estimate of $11.97 billion. Hewlett Packard Enterprise had a return on equity of 15.50% and a net margin of 6.60%.The company's revenue for the quarter was up 33.7% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS. Hewlett Packard Enterprise has set its Q4 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 3.750-3.850 EPS. As a group, research analysts anticipate that Hewlett Packard Enterprise Company will post 3.27 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, September 17th will be given a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, September 17th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 29.69%.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company NYSE: HPE is a global technology company that provides information technology products, services and solutions for businesses and other organizations. Its offerings are designed to support data centers, cloud computing, artificial intelligence, networking and the management of distributed IT environments.

HPE's portfolio includes enterprise servers, data storage systems, networking equipment, high-performance computing and software. Through its HPE GreenLake platform, the company also delivers cloud and as-a-service solutions that allow customers to access computing, storage, data protection and other IT capabilities through a flexible consumption model.

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