Focus Partners Advisor Solutions LLC Buys Shares of 38,112 Hewlett Packard Enterprise Company $HPE

Key Points

• Focus Partners Advisor Solutions bought 38,112 shares of Hewlett Packard Enterprise in the second quarter, valued at approximately $1.72 million. Institutional investors and hedge funds own 80.78% of HPE’s outstanding shares.
• Wall Street’s outlook remains favorable: 11 analysts rate HPE a Buy and six rate it Hold, producing a consensus rating of “Moderate Buy” and an average price target of $69.80.
• HPE reported stronger-than-expected quarterly results, with $0.79 in adjusted EPS and $10.68 billion in revenue, up 40% year over year. The company also maintains a quarterly dividend of $0.1425 per share, representing a 1.0% annualized yield.

Focus Partners Advisor Solutions LLC purchased a new stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 38,112 shares of the technology company's stock, valued at approximately $1,719,000.

Several other large investors have also modified their holdings of HPE. Headlands Technologies LLC purchased a new position in Hewlett Packard Enterprise during the second quarter worth $26,000. SJS Investment Consulting Inc. lifted 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 valued at $28,000 after acquiring an additional 716 shares in the last quarter. Union Savings Bank acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at $30,000. Reflection Asset Management purchased a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $31,000. Finally, WealthCollab LLC increased its position in Hewlett Packard Enterprise by 121.8% during the 4th quarter. WealthCollab LLC now owns 1,657 shares of the technology company's stock worth $40,000 after purchasing an additional 910 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hewlett Packard Enterprise

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

Wall Street Analysts Forecast Growth

HPE has been the topic of a number of recent research reports. Barclays upped their target price on shares of Hewlett Packard Enterprise from $28.00 to $67.00 and gave the company an "overweight" rating in a report on Tuesday, June 2nd. The Goldman Sachs Group lifted their price target on shares of Hewlett Packard Enterprise from $32.00 to $79.00 and gave the stock a "buy" rating in a report on Wednesday, June 3rd. Citigroup boosted their price objective 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. Sanford C. Bernstein upped 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 note on Tuesday, June 2nd. Finally, Truist Financial restated a "buy" rating and set a $69.00 target price (up from $31.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, June 2nd. Eleven equities research 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 company has an average rating of "Moderate Buy" and a consensus price target of $69.80.

Hewlett Packard Enterprise Stock Down 1.7%

HPE opened at $58.79 on Friday. Hewlett Packard Enterprise Company has a 12 month low of $19.84 and a 12 month high of $64.25. The business has a 50-day moving average of $48.21 and a two-hundred day moving average of $34.54. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75. The stock has a market capitalization of $77.85 billion, a price-to-earnings ratio of 54.94, a price-to-earnings-growth ratio of 0.63 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 earnings per share 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 business had revenue of $10.68 billion for the quarter, compared to analyst estimates of $9.78 billion. During the same period in the prior year, the firm posted ($0.82) EPS. The company's 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. On average, research analysts expect that Hewlett Packard Enterprise Company will post 2.9 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders 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 dividend on an annualized basis and a yield of 1.0%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 53.27%.

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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