Foyston Gordon & Payne Inc Makes New $3.20 Million Investment in Hewlett Packard Enterprise Company $HPE

Key Points

• Foyston Gordon & Payne purchased 70,862 Hewlett Packard Enterprise shares worth approximately $3.20 million during the second quarter. Institutional investors collectively own 80.78% of HPE.
• Analysts maintain a generally positive outlook, with 11 Buy ratings and six Holds, producing a consensus “Moderate Buy” rating and a $69.80 price target. Recent targets ranged from $63 to $80.
• HPE reported quarterly EPS of $0.79, exceeding the $0.54 consensus estimate, while revenue rose 40% year over year to $10.68 billion. The company also pays a quarterly dividend of $0.1425, or $0.57 annually, yielding about 1.1%.

Foyston Gordon & Payne Inc purchased a new position 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 and Exchange Commission. The firm purchased 70,862 shares of the technology company's stock, valued at approximately $3,197,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HPE. Commerce Bank bought a new position in Hewlett Packard Enterprise in the 2nd quarter worth about $8,072,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Hewlett Packard Enterprise during the second quarter worth approximately $1,883,000. Quantbot Technologies LP bought a new stake in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $3,702,000. Evolve Private Wealth LLC purchased a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at approximately $6,949,000. Finally, WealthShield Partners LLC purchased a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at approximately $4,040,000. Institutional investors own 80.78% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HPE. Zacks Research cut Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Monday, August 3rd. Wells Fargo & Company raised their price target on Hewlett Packard Enterprise from $26.00 to $67.00 and gave the company an "equal weight" rating in a research note on Tuesday, June 2nd. Piper Sandler restated a "neutral" rating and issued a $63.00 price objective (up from $23.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. Bank of America upped their price objective on shares of Hewlett Packard Enterprise from $38.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, June 2nd. Finally, Citigroup increased their target price on shares of Hewlett Packard Enterprise from $70.00 to $74.00 and gave the stock a "buy" rating in a report on Friday, July 24th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.80.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 18,785 shares of the stock in a transaction dated Monday, June 22nd. The shares were 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 Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.44% of the company's stock.

Hewlett Packard Enterprise Stock Up 1.1%

Hewlett Packard Enterprise stock opened at $53.48 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. The firm has a market cap of $70.82 billion, a P/E ratio of 49.98, a P/E/G ratio of 0.58 and a beta of 1.42. The business has a fifty day moving average of $48.90 and a two-hundred day moving average of $35.69. Hewlett Packard Enterprise Company has a twelve month low of $19.84 and a twelve month high of $64.25.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.25. The business had revenue of $10.68 billion for the quarter, compared to the consensus estimate of $9.78 billion. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The business's revenue was up 40.0% compared to the same quarter last year. During the same period last year, the business posted ($0.82) EPS. 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, analysts forecast that Hewlett Packard Enterprise Company will post 2.9 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th were issued a $0.1425 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $0.57 dividend on an annualized basis and a yield of 1.1%. Hewlett Packard Enterprise's payout ratio 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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