EP Wealth Advisors LLC bought a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 62,597 shares of the technology company's stock, valued at approximately $2,824,000.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new position in shares of Hewlett Packard Enterprise during the 2nd quarter valued at about $26,000. SJS Investment Consulting Inc. boosted 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 worth $28,000 after acquiring an additional 716 shares during the last quarter. Union Savings Bank acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth approximately $30,000. Reflection Asset Management purchased a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $31,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $40,000. 80.78% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related 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 sale was disclosed in a legal filing 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. Company insiders own 0.44% of the company's stock.
Hewlett Packard Enterprise Trading Up 1.1%
NYSE HPE opened at $53.48 on Friday. Hewlett Packard Enterprise Company has a one year low of $19.84 and a one year high of $64.25. The company's 50 day moving average price is $48.90 and its 200 day moving average price is $35.69. 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 capitalization of $70.82 billion, a price-to-earnings ratio of 49.98, a PEG ratio of 0.58 and a beta of 1.42.
Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.25. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The firm had revenue of $10.68 billion for the quarter, compared to analysts' expectations of $9.78 billion. During the same period in the previous year, the company posted ($0.82) earnings per share. Hewlett Packard Enterprise's revenue was up 40.0% compared to the same quarter last year. 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, sell-side analysts predict that Hewlett Packard Enterprise Company will post 2.9 EPS for the current year.
Hewlett Packard Enterprise Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th were issued a dividend of $0.1425 per share. The ex-dividend date was Tuesday, June 16th. This represents a $0.57 annualized dividend and a dividend yield of 1.1%. Hewlett Packard Enterprise's payout ratio is presently 53.27%.
Wall Street Analysts Forecast Growth
HPE has been the topic of a number of recent analyst reports. Susquehanna increased their price target 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. Morgan Stanley raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and lowered their price objective for the company from $71.00 to $69.00 in a research note on Monday, August 10th. Wells Fargo & Company upped their price objective on Hewlett Packard Enterprise from $26.00 to $67.00 and gave the stock an "equal weight" rating in a report on Tuesday, June 2nd. Sanford C. Bernstein upped their price objective on 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, Bank of America increased their target price on Hewlett Packard Enterprise from $38.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, June 2nd. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.80.
Get Our Latest Stock Analysis on Hewlett Packard Enterprise
Hewlett Packard Enterprise Profile
(
Free Report)
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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