EFG International AG Makes New $4.99 Million Investment in Hewlett Packard Enterprise Company $HPE

EFG International AG acquired a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 110,379 shares of the technology company's stock, valued at approximately $4,988,000.

Several other hedge funds have also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new position in Hewlett Packard Enterprise in the 2nd quarter worth $26,000. Delos Wealth Advisors LLC acquired a new stake in Hewlett Packard Enterprise during the second quarter worth about $27,000. SJS Investment Consulting Inc. grew its holdings in Hewlett Packard Enterprise by 159.5% during the first quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company's stock worth $28,000 after acquiring an additional 716 shares during the period. Union Savings Bank purchased a new position in Hewlett Packard Enterprise during the fourth quarter valued at approximately $30,000. Finally, Reflection Asset Management purchased a new position in Hewlett Packard Enterprise during the fourth quarter valued at approximately $31,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 18,785 shares of the company's stock in a transaction 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 can be accessed through this link. 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 Stock Performance

Shares of HPE stock opened at $53.44 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.75 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 business's 50 day moving average is $49.08 and its two-hundred day moving average is $36.22. The company has a market capitalization of $70.77 billion, a P/E ratio of 49.94, a P/E/G ratio of 0.56 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.25. The business 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 business's revenue was up 40.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.82) earnings per share. 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. Analysts expect that Hewlett Packard Enterprise Company will post 2.9 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th were issued a $0.1425 dividend. This represents a $0.57 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 16th. Hewlett Packard Enterprise's payout ratio is presently 53.27%.

Analysts Set New Price Targets

Several research firms have commented on HPE. Morgan Stanley upgraded Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and lowered their price objective for the stock from $71.00 to $69.00 in a research report on Monday, August 10th. Wall Street Zen lowered shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "buy" rating in a report on Saturday. Weiss Ratings upgraded shares of Hewlett Packard Enterprise from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, June 29th. Sanford C. Bernstein increased their price target on shares of Hewlett Packard Enterprise from $35.00 to $62.00 and gave the stock a "market perform" rating in a report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an "overweight" rating in a research report on Tuesday, June 2nd. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $69.80.

Hewlett Packard Enterprise 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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