Evolve Private Wealth LLC purchased a new position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 153,551 shares of the technology company's stock, valued at approximately $6,949,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Freemont Management S.A. increased its holdings in Hewlett Packard Enterprise by 197.1% during the 4th quarter. Freemont Management S.A. now owns 217,200 shares of the technology company's stock worth $5,217,000 after purchasing an additional 144,100 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Hewlett Packard Enterprise by 60.2% in the fourth quarter. CIBC Asset Management Inc now owns 337,691 shares of the technology company's stock valued at $8,111,000 after purchasing an additional 126,938 shares in the last quarter. Irenic Capital Management LP bought a new position in shares of Hewlett Packard Enterprise in the first quarter valued at approximately $18,691,000. Vanguard Group Inc. boosted its position in shares of Hewlett Packard Enterprise by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company's stock valued at $4,156,870,000 after buying an additional 1,917,719 shares during the last quarter. Finally, Banque Cantonale Vaudoise grew its holdings in Hewlett Packard Enterprise by 73.6% during the fourth quarter. Banque Cantonale Vaudoise now owns 234,456 shares of the technology company's stock worth $5,632,000 after buying an additional 99,412 shares in the last quarter. 80.78% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research analysts recently weighed in on HPE shares. Citigroup raised their price target on shares of Hewlett Packard Enterprise from $70.00 to $74.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Argus upped their price objective on shares of Hewlett Packard Enterprise from $30.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, June 3rd. UBS Group increased their price objective on shares of Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday, June 2nd. Susquehanna boosted 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. Finally, Morgan Stanley raised Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and reduced their target price for the company from $71.00 to $69.00 in a report on Monday, August 10th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of "Moderate Buy" and an average price target of $69.80.
Read Our Latest Stock Analysis on Hewlett Packard Enterprise
Hewlett Packard Enterprise Stock Performance
Shares of HPE stock opened at $53.48 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 $70.82 billion, a price-to-earnings ratio of 49.98, a P/E/G ratio of 0.58 and a beta of 1.42. Hewlett Packard Enterprise Company has a 52 week low of $19.84 and a 52 week high of $64.25. The firm's 50-day simple moving average is $48.90 and its two-hundred day simple moving average is $35.69.
Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $10.68 billion during the quarter, compared to analyst estimates of $9.78 billion. During the same quarter last year, the business posted ($0.82) EPS. Hewlett Packard Enterprise's quarterly 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. As a group, equities analysts forecast that Hewlett Packard Enterprise Company will post 2.9 earnings per share for the current year.
Hewlett Packard Enterprise Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th were paid a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, June 16th. Hewlett Packard Enterprise's dividend payout ratio is presently 53.27%.
Insider Buying and Selling
In other 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 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 Profile
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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.
See Also
Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise Company (NYSE:HPE - Free Report).
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