Castle Rock Wealth Management LLC Invests $990,000 in Hewlett Packard Enterprise Company $HPE

Castle Rock Wealth Management LLC acquired a new position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,516 shares of the technology company's stock, valued at approximately $990,000.

Other institutional investors have also recently modified their holdings of the company. Czech National Bank boosted its position in Hewlett Packard Enterprise by 4.4% during the second quarter. Czech National Bank now owns 377,673 shares of the technology company's stock worth $17,037,000 after purchasing an additional 15,778 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab boosted its position in Hewlett Packard Enterprise by 50.4% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 176,992 shares of the technology company's stock worth $7,984,000 after acquiring an additional 59,302 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Hewlett Packard Enterprise by 387.9% in the second quarter. Assenagon Asset Management S.A. now owns 1,240,000 shares of the technology company's stock valued at $55,936,000 after purchasing an additional 985,829 shares in the last quarter. Clark Asset Management LLC purchased a new stake in Hewlett Packard Enterprise in the 2nd quarter valued at $260,000. Finally, Chapin Davis Inc. purchased a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at about $895,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.44% of the company's stock.

Analysts Set New Price Targets

HPE has been the topic of several recent analyst reports. UBS Group boosted their target price on shares of Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a "neutral" rating in a report on Tuesday, June 2nd. Wall Street Zen upgraded Hewlett Packard Enterprise from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 10th. Susquehanna raised their target price on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 2nd. Weiss Ratings raised Hewlett Packard Enterprise from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, June 29th. Finally, The Goldman Sachs Group raised their price objective 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. Ten analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of "Moderate Buy" and a consensus price target of $69.93.

Hewlett Packard Enterprise Trading Down 1.2%

NYSE HPE opened at $52.58 on Friday. 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 firm has a market cap of $69.63 billion, a price-to-earnings ratio of 49.14, a PEG ratio of 0.58 and a beta of 1.42. The firm has a 50 day simple moving average of $47.52 and a 200-day simple moving average of $33.14. Hewlett Packard Enterprise Company has a one year low of $19.84 and a one year high of $64.25.

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. The firm had revenue of $10.68 billion for 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 revenue for the quarter was up 40.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($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. Equities research analysts anticipate that Hewlett Packard Enterprise Company will post 2.88 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th were paid a $0.1425 dividend. 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 dividend payout ratio (DPR) is presently 53.27%.

Hewlett Packard Enterprise News Roundup

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

• Positive Sentiment: HPE and NVIDIA are deepening their AI partnership across multiple infrastructure and technology areas. The alliance could improve HPE’s ability to compete with Dell Technologies and Super Micro Computer in AI servers and related systems. Can HPE's NVDA Alliance Help it Challenge SMCI and DELL?
• Positive Sentiment: HPE is using partnerships involving quantum computing and advanced AI infrastructure to strengthen its technology offering and potentially build a longer-term competitive moat. Is HPE Using Quantum Partnerships To Deepen Its AI Infrastructure Moat?
• Positive Sentiment: AI-related demand remains the main growth catalyst. Analysts and market commentary highlight HPE’s improving growth narrative, while the stock recently gained 21.4% over one month and has been testing a technical buy point. HPE, IBD Stock of the Day, Tests Buy Point as AI Drives Growth
• Neutral Sentiment: HPE will guarantee quoted prices for compute and storage purchases below $1 million, with quoted hardware prices potentially remaining valid for months. The policy may make customers more comfortable committing to purchases, although its effect on margins and demand is unclear. HPE to Guarantee All Compute and Storage Price Quotes Below $1M
• Negative Sentiment: After the sharp rally, investors are questioning whether HPE’s AI prospects justify its elevated valuation. Zacks Research also downgraded the shares from “strong buy” to “hold,” encouraging a more cautious stance. HPE Surges 21% in a Month: Should You Buy, Sell or Hold?
• Neutral Sentiment: Heavy trading in HPE call options signals elevated bullish interest, but options activity is speculative and does not guarantee sustained buying in the shares. Stock Traders Buy High Volume of HPE Call Options

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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