Flputnam Investment Management Co. Takes Position in Hewlett Packard Enterprise Company $HPE

Key Points

• Flputnam Investment Management acquired 277,868 HPE shares worth approximately $12.5 million during the second quarter, while institutional investors collectively own 80.78% of the company.
• HPE reported stronger-than-expected quarterly results, with $0.79 in adjusted EPS versus a $0.54 consensus estimate and revenue of $10.68 billion, up 40% year over year.
• Analyst sentiment remains positive, with an average “Moderate Buy” rating and a $69.80 target price; HPE also pays a quarterly dividend of $0.1425 per share, yielding about 1%.

Flputnam Investment Management Co. purchased a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 277,868 shares of the technology company's stock, valued at approximately $12,535,000.

Several other hedge funds have also made changes to their positions in HPE. Sax Wealth Advisors LLC increased its position in Hewlett Packard Enterprise by 2.9% in the second quarter. Sax Wealth Advisors LLC now owns 8,782 shares of the technology company's stock worth $396,000 after buying an additional 244 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in Hewlett Packard Enterprise by 5.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 7,180 shares of the technology company's stock valued at $324,000 after buying an additional 355 shares during the last quarter. Investment Research Partners LLC boosted its holdings in shares of Hewlett Packard Enterprise by 2.0% during the fourth quarter. Investment Research Partners LLC now owns 21,925 shares of the technology company's stock valued at $527,000 after acquiring an additional 423 shares during the period. D.A. Davidson & CO. grew its position in shares of Hewlett Packard Enterprise by 4.5% during the first quarter. D.A. Davidson & CO. now owns 9,998 shares of the technology company's stock worth $238,000 after acquiring an additional 429 shares during the last quarter. Finally, Compound Planning Inc. increased its holdings in shares of Hewlett Packard Enterprise by 2.4% in the 1st quarter. Compound Planning Inc. now owns 18,951 shares of the technology company's stock worth $451,000 after acquiring an additional 446 shares during the period. Institutional investors own 80.78% of the company's stock.

Insiders Place Their Bets

In related news, SVP Kirt P. Karros sold 18,785 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $48.50, for a total transaction of $911,072.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $58.79 on Monday. The stock has a market cap of $77.85 billion, a price-to-earnings ratio of 54.94, a PEG ratio of 0.63 and a beta of 1.42. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75. Hewlett Packard Enterprise Company has a 12 month low of $19.84 and a 12 month high of $64.25. The stock's 50 day moving average price is $48.21 and its 200 day moving average price is $34.63.

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, beating analysts' consensus estimates of $0.54 by $0.25. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The firm had revenue of $10.68 billion during the quarter, compared to analyst estimates of $9.78 billion. During the same period last year, the company posted ($0.82) EPS. The firm's quarterly revenue was up 40.0% on a year-over-year basis. 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 2.9 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.57 annualized dividend and a yield of 1.0%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 53.27%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Argus boosted their target price on shares of Hewlett Packard Enterprise from $30.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, June 3rd. The Goldman Sachs Group raised their price target on shares of Hewlett Packard Enterprise from $32.00 to $79.00 and gave the company a "buy" rating in a research note on Wednesday, June 3rd. Citigroup boosted their price objective on Hewlett Packard Enterprise from $70.00 to $74.00 and gave the stock a "buy" rating in a research report on Friday, July 24th. Bank of America increased their price objective on Hewlett Packard Enterprise from $38.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, June 2nd. Finally, Wall Street Zen raised Hewlett Packard Enterprise from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 10th. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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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