Foster & Motley Inc. bought a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 219,171 shares of the technology company's stock, valued at approximately $9,887,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of HPE. Vanguard Group Inc. grew its holdings in shares of Hewlett Packard Enterprise by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company's stock worth $4,156,870,000 after acquiring an additional 1,917,719 shares during the period. Capital World Investors bought a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $901,751,000. Geode Capital Management LLC boosted its position in Hewlett Packard Enterprise by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 34,869,143 shares of the technology company's stock worth $835,626,000 after purchasing an additional 431,728 shares during the last quarter. Elliott Investment Management L.P. grew its stake in shares of Hewlett Packard Enterprise by 47.2% during the 1st quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company's stock valued at $652,912,000 after purchasing an additional 8,790,757 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $433,537,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Loop Capital upgraded shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and increased their price objective for the stock from $23.00 to $75.00 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 cut their price objective for the company from $71.00 to $69.00 in a research report on Monday, August 10th. 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 research note on Tuesday, June 2nd. Raymond James Financial raised their target price on Hewlett Packard Enterprise from $29.00 to $74.00 and gave the stock an "outperform" rating in a report on Tuesday, June 2nd. Finally, Citigroup lifted their target price on Hewlett Packard Enterprise from $70.00 to $74.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $69.80.
Read Our Latest Research Report on HPE
Hewlett Packard Enterprise Stock Performance
Shares of NYSE HPE opened at $55.68 on Wednesday. The stock has a market cap of $73.73 billion, a PE ratio of 52.04, a price-to-earnings-growth ratio of 0.63 and a beta of 1.42. Hewlett Packard Enterprise Company has a 1 year low of $19.84 and a 1 year high of $64.25. The firm has a fifty day moving average price of $48.52 and a 200-day moving average price of $35.13. 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 (NYSE:HPE - Get Free Report) last released its 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 company had revenue of $10.68 billion for the quarter, compared to analysts' expectations of $9.78 billion. During the same quarter in the previous year, the company earned ($0.82) EPS. Hewlett Packard Enterprise's revenue for the quarter 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 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th were paid a $0.1425 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.0%. Hewlett Packard Enterprise's dividend payout ratio is 53.27%.
Insider Buying and Selling at Hewlett Packard Enterprise
In related news, SVP Kirt P. Karros sold 18,785 shares of the 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by company insiders.
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.
Further Reading
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