Engineers Gate Manager LP Acquires New Holdings in Hewlett Packard Enterprise Company $HPE

Key Points

• Engineers Gate Manager LP initiated a position in Hewlett Packard Enterprise, purchasing 297,237 shares worth approximately $13.4 million during the second quarter. Institutional investors collectively own 80.78% of HPE.
• HPE reported stronger-than-expected quarterly results, with $1.11 in adjusted EPS versus the $0.93 consensus estimate and revenue of $12.21 billion, up 33.7% year over year.
• Analysts maintain a generally positive outlook, with HPE holding a “Moderate Buy” consensus rating and an average price target of $69.44, while the company announced a quarterly dividend of $0.1425 per share.

Engineers Gate Manager LP bought 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 & Exchange Commission. The firm bought 297,237 shares of the technology company's stock, valued at approximately $13,408,000.

Other large investors have also added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in shares of Hewlett Packard Enterprise in the second quarter worth $26,000. Delos Wealth Advisors LLC bought a new position in Hewlett Packard Enterprise in the second quarter valued at about $27,000. SJS Investment Consulting Inc. boosted its position in 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 worth $28,000 after purchasing an additional 716 shares during the last quarter. Union Savings Bank purchased a new position in Hewlett Packard Enterprise in the fourth quarter worth about $30,000. Finally, First Bancorp Inc ME bought a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter valued at about $30,000. Institutional investors own 80.78% of the company's stock.

Insider Transactions at Hewlett Packard Enterprise

In related 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 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 Stock Down 6.2%

Shares of HPE stock opened at $55.23 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.11 and a quick ratio of 0.72. Hewlett Packard Enterprise Company has a one year low of $19.84 and a one year high of $64.25. The company's fifty day moving average price is $50.90 and its 200-day moving average price is $38.85. The company has a market capitalization of $73.32 billion, a price-to-earnings ratio of 28.77, a PEG ratio of 0.54 and a beta of 1.43.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.18. The company had revenue of $12.21 billion during the quarter, compared to the consensus estimate of $11.97 billion. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. Hewlett Packard Enterprise's quarterly revenue was up 33.7% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Sell-side analysts expect that Hewlett Packard Enterprise Company will post 3.27 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm 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 dividend of $0.1425 per share. The ex-dividend date is Thursday, September 17th. This represents a $0.57 annualized dividend and a dividend yield of 1.0%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 29.69%.

Analysts Set New Price Targets

HPE has been the topic of several recent research reports. Bank of America increased their price objective on shares of Hewlett Packard Enterprise from $80.00 to $82.00 and gave the stock a "buy" rating in a research note on Monday, August 31st. Truist Financial boosted their target price on shares of Hewlett Packard Enterprise from $69.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, September 3rd. Barclays increased their price target on shares of Hewlett Packard Enterprise from $67.00 to $79.00 and gave the stock an "overweight" rating in a research report on Thursday, September 3rd. Morgan Stanley dropped their price target 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. Finally, Sanford C. Bernstein boosted their price objective on shares of Hewlett Packard Enterprise from $35.00 to $62.00 and gave the company a "market perform" rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $69.44.

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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