California State Teachers Retirement System Has $4.17 Billion Stock Holdings in Hewlett Packard Enterprise Company $HPE

Key Points

• CalSTRS dramatically increased its HPE stake by 4,299% in the second quarter, acquiring 90.4 million additional shares. It now owns 92.5 million shares, or approximately 6.98% of Hewlett Packard Enterprise, valued at $4.17 billion.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $69.44. Recent targets range from $57 to $75, while Morgan Stanley and Deutsche Bank remain bullish.
• HPE exceeded quarterly expectations, reporting $1.11 in adjusted EPS versus a $0.93 consensus estimate and $12.21 billion in revenue. The company also declared a quarterly dividend of $0.1425 per share, equivalent to a 1.0% annualized yield.

California State Teachers Retirement System grew its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 4,299.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,484,612 shares of the technology company's stock after buying an additional 90,382,225 shares during the period. California State Teachers Retirement System owned approximately 6.98% of Hewlett Packard Enterprise worth $4,171,981,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Delos Wealth Advisors LLC bought a new position in Hewlett Packard Enterprise during the second quarter worth about $27,000. First Bancorp Inc ME acquired a new position in shares of Hewlett Packard Enterprise during the 2nd quarter worth approximately $30,000. Transamerica Financial Advisors LLC bought a new position in shares of Hewlett Packard Enterprise during the second quarter worth approximately $37,000. 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 in the last quarter. Finally, Ancora Advisors LLC bought a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at approximately $56,000. Institutional investors own 80.78% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Piper Sandler reaffirmed a "neutral" rating and issued a $57.00 price objective (down from $63.00) on shares of Hewlett Packard Enterprise in a report on Thursday, September 3rd. Morgan Stanley dropped their price target on Hewlett Packard Enterprise from $69.00 to $67.00 and set an "overweight" rating for the company in a research note on Thursday, September 3rd. Susquehanna increased their price objective on shares of Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 2nd. Loop Capital raised shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and raised their target price for the company from $23.00 to $75.00 in a report on Tuesday, June 2nd. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, September 1st. They set a "buy" rating and a $62.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $69.44.

Insider Activity

In related news, SVP Kirt Karros sold 18,785 shares of the company'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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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

Shares of HPE stock opened at $58.69 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 0.65. Hewlett Packard Enterprise Company has a twelve month low of $19.84 and a twelve month high of $64.25. The company has a market cap 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 business has a fifty day simple moving average of $50.62 and a 200 day simple moving average of $38.61.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.18. The firm had revenue of $12.21 billion for the quarter, compared to analysts' expectations of $11.97 billion. Hewlett Packard Enterprise had a return on equity of 15.50% and a net margin of 6.60%.The business's revenue for the quarter was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.44 earnings per share. 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. On average, sell-side analysts forecast that Hewlett Packard Enterprise Company will post 3.27 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, September 17th will be issued a dividend of $0.1425 per share. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.57 annualized dividend and a dividend yield of 1.0%. Hewlett Packard Enterprise's payout ratio is 29.69%.

Hewlett Packard Enterprise 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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