Handelsbanken Fonder AB Acquires 104,102 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• Handelsbanken Fonder increased its HPE stake by 16.8% in the second quarter, acquiring 104,102 shares and bringing its total holdings to 725,021 shares valued at approximately $32.7 million. Institutional investors collectively own 80.78% of HPE.
• HPE is benefiting from strong investor interest in AI infrastructure, with Morgan Stanley upgrading the stock to Overweight and setting a $71 price target. Analysts broadly rate HPE a “Moderate Buy,” with a consensus target of $69.80.
• HPE reported better-than-expected quarterly results, including $0.79 in earnings per share and $10.68 billion in revenue, up 40% year over year. The company also maintains a quarterly dividend of $0.1425 per share, or $0.57 annually, yielding about 1%.

Handelsbanken Fonder AB lifted its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 16.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 725,021 shares of the technology company's stock after acquiring an additional 104,102 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.05% of Hewlett Packard Enterprise worth $32,706,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in HPE. Headlands Technologies LLC bought a new position in Hewlett Packard Enterprise in the 2nd quarter worth $26,000. SJS Investment Consulting Inc. increased its position in shares of Hewlett Packard Enterprise by 159.5% during the first quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company's stock valued at $28,000 after buying an additional 716 shares during the period. Union Savings Bank purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at about $30,000. Reflection Asset Management bought a new position in Hewlett Packard Enterprise in the fourth quarter worth about $31,000. Finally, WealthCollab LLC boosted 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 valued at $40,000 after acquiring an additional 910 shares in the last quarter. Institutional investors own 80.78% of the company's stock.

Key Headlines Impacting Hewlett Packard Enterprise

Here are the key news stories impacting Hewlett Packard Enterprise this week:

• Positive Sentiment: Morgan Stanley upgraded HPE from Equal-Weight to Overweight, citing resilient enterprise AI infrastructure spending and continued demand for servers and networking hardware. The firm raised its price target to $71, implying meaningful upside from recent levels. HPE stock jumps as Morgan Stanley upgrades AI infrastructure outlook
• Positive Sentiment: HPE is benefiting from a broader rally in AI server stocks ahead of Super Micro Computer’s earnings, reinforcing investor interest in companies positioned to supply AI data-center infrastructure. AI server stocks advance
• Positive Sentiment: AMD’s planned Helios rack-scale AI systems could create additional opportunities for HPE as an ecosystem partner, potentially driving demand for HPE’s servers, networking products, and data-center solutions. AMD’s Helios Launch Could Create Winners Beyond AMD Stock
• Neutral Sentiment: The upgrade reflects optimism that AI infrastructure spending remains durable despite concerns about whether the current AI investment cycle can be sustained. HPE’s elevated valuation and dependence on continued data-center demand remain important considerations.
• Negative Sentiment: HPE reportedly cut jobs at its Galway, Ireland, operation despite an earlier pledge to create 150 positions. The workforce reduction could weigh modestly on sentiment, although its financial impact appears limited relative to the company’s broader AI opportunity. Hewlett Packard Enterprise cuts Galway workforce

Hewlett Packard Enterprise Stock Down 0.6%

HPE stock opened at $54.37 on Wednesday. The business has a 50 day moving average of $47.83 and a 200 day moving average of $33.83. The firm has a market cap of $72.00 billion, a PE ratio of 50.81, a price-to-earnings-growth ratio of 0.59 and a beta of 1.42. Hewlett Packard Enterprise Company has a twelve month low of $19.84 and a twelve month high of $64.25. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its earnings results on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, topping the consensus estimate 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 business had revenue of $10.68 billion for the quarter, compared to the consensus estimate of $9.78 billion. During the same period in the previous year, the company posted ($0.82) earnings per share. The company's revenue for the quarter 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. On average, research analysts forecast that Hewlett Packard Enterprise Company will post 2.88 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th were given a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, June 16th. Hewlett Packard Enterprise's dividend payout ratio is 53.27%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 18,785 shares of Hewlett Packard Enterprise stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.44% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HPE. Barclays increased their target price on Hewlett Packard Enterprise from $28.00 to $67.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 2nd. Sanford C. Bernstein lifted their price target on Hewlett Packard Enterprise from $35.00 to $62.00 and gave the company a "market perform" rating in a research report on Tuesday, June 2nd. Truist Financial reaffirmed a "buy" rating and issued a $69.00 price target (up from $31.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. Raymond James Financial raised their price objective on Hewlett Packard Enterprise from $29.00 to $74.00 and gave the company an "outperform" rating in a research report on Tuesday, June 2nd. Finally, Wells Fargo & Company upped their target price on shares of Hewlett Packard Enterprise from $26.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Tuesday, June 2nd. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise has a consensus rating of "Moderate Buy" and a consensus price target of $69.80.

About Hewlett Packard Enterprise

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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