Bogart Wealth LLC Sells 227,103 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• Bogart Wealth LLC reduced its HPE position by 40.4% in the second quarter, selling 227,103 shares and retaining 334,950 shares valued at approximately $15.1 million. Institutional investors collectively own 80.78% of the company.
• Analysts remain broadly positive, with 11 Buy ratings and six Holds. HPE has a “Moderate Buy” consensus rating and an average price target of $69.80, above its reported opening price of $58.79.
• HPE reported quarterly adjusted earnings of $0.79 per share and revenue of $10.68 billion, beating estimates of $0.54 and $9.78 billion, respectively. Revenue rose 40% year over year, and the company reaffirmed fiscal 2026 EPS guidance of $3.35–$3.45.

Bogart Wealth LLC trimmed its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 40.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 334,950 shares of the technology company's stock after selling 227,103 shares during the period. Bogart Wealth LLC's holdings in Hewlett Packard Enterprise were worth $15,110,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at about $26,000. SJS Investment Consulting Inc. raised its holdings in shares of Hewlett Packard Enterprise by 159.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company's stock valued at $28,000 after purchasing an additional 716 shares during the period. Union Savings Bank acquired a new stake in Hewlett Packard Enterprise in the 4th quarter valued at about $30,000. Reflection Asset Management acquired a new stake in Hewlett Packard Enterprise in the 4th quarter valued at about $31,000. Finally, WealthCollab LLC grew its holdings in Hewlett Packard Enterprise by 121.8% during the fourth quarter. WealthCollab LLC now owns 1,657 shares of the technology company's stock worth $40,000 after purchasing an additional 910 shares during the period. 80.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Truist Financial restated a "buy" rating and issued a $69.00 price objective (up from $31.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. 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 report on Wednesday, June 3rd. UBS Group increased 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. JPMorgan Chase & Co. lifted their price objective on shares of Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 2nd. Finally, Argus upped their price objective on shares of Hewlett Packard Enterprise from $30.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, June 3rd. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.80.

Insider Activity at Hewlett Packard Enterprise

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 value of $911,072.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.44% of the company's stock.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $58.79 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. Hewlett Packard Enterprise Company has a 12 month low of $19.84 and a 12 month high of $64.25. The firm has a market cap of $77.85 billion, a P/E ratio of 54.94, a P/E/G ratio of 0.64 and a beta of 1.42. The company's 50-day moving average price is $48.21 and its two-hundred day moving average price is $34.54.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.25. The company had revenue of $10.68 billion during the quarter, compared to the consensus estimate of $9.78 billion. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The firm's quarterly revenue was up 40.0% on a year-over-year basis. During the same quarter in the prior year, the firm 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 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Tuesday, June 16th. Hewlett Packard Enterprise's payout ratio is currently 53.27%.

Hewlett Packard Enterprise Company Profile

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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