Headlands Technologies LLC Makes New Investment in Hewlett Packard Enterprise Company $HPE

Key Points

• Headlands Technologies initiated a position in Hewlett Packard Enterprise by purchasing 23,774 shares valued at approximately $1.07 million. Institutional investors and hedge funds own 80.78% of HPE’s outstanding stock.
• Analyst sentiment remains favorable, with recent upgrades and price-target increases from Loop Capital, Morgan Stanley, JPMorgan, Goldman Sachs, and Bank of America. HPE has a consensus rating of “Moderate Buy” and an average price target of $69.44.
• HPE reported quarterly EPS of $0.79, exceeding estimates by $0.25, while revenue rose 40% year over year to $10.68 billion. Investor optimism is being supported by strong AI-server demand, although shares recently traded down 2.7% to $50.85.

Headlands Technologies LLC bought a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,774 shares of the technology company's stock, valued at approximately $1,072,000.

Several other hedge funds have also modified their holdings of HPE. Quantitative Investment Management LLC grew its holdings in Hewlett Packard Enterprise by 16.8% during the second quarter. Quantitative Investment Management LLC now owns 58,984 shares of the technology company's stock worth $2,660,000 after acquiring an additional 8,478 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in Hewlett Packard Enterprise in the second quarter valued at $46,859,000. Sigma Planning Corp lifted its holdings in Hewlett Packard Enterprise by 11.2% in the second quarter. Sigma Planning Corp now owns 12,024 shares of the technology company's stock valued at $542,000 after acquiring an additional 1,210 shares during the period. Benjamin Edwards Inc. purchased a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter worth $239,000. Finally, Alyeska Investment Group L.P. acquired a new position in shares of Hewlett Packard Enterprise during the 2nd quarter worth $71,412,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Hewlett Packard Enterprise

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

• Positive Sentiment: Unusual options activity ahead of earnings suggests that some investors are taking bullish positions in HPE, signaling expectations for a favorable report or outlook. Unusual options volume in Hewlett Packard Enterprise Co ahead of earnings shows investors bullish on HPE
• Positive Sentiment: Deutsche Bank initiated coverage with a Buy rating and a $62 price target, while Bank of America raised its target to $82 and maintained a Buy rating. The recommendations reinforce the view that HPE’s valuation could benefit from continued AI infrastructure demand.
• Positive Sentiment: Recent commentary highlights strong demand for AI servers as a key driver of bullish earnings expectations for HPE. Resilient HPE stock climbs as AI server demand drives bullish earnings expectations
• Positive Sentiment: Zacks coverage points to HPE as a technology stock with potential to exceed quarterly earnings expectations, which could provide a near-term catalyst if confirmed by the company’s results. Why Investors Need to Take Advantage of These 2 Computer and Technology Stocks Now

Insiders Place Their Bets

In other news, SVP Kirt P. Karros sold 18,785 shares of the business's stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total value of $911,072.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HPE. Loop Capital upgraded shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and increased their price target for the company from $23.00 to $75.00 in a report on Tuesday, June 2nd. Morgan Stanley raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and decreased their price objective for the stock from $71.00 to $69.00 in a report on Monday, August 10th. JPMorgan Chase & Co. upped their target price on shares of Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 2nd. The Goldman Sachs Group increased their target price on shares of Hewlett Packard Enterprise from $32.00 to $79.00 and gave the company a "buy" rating in a report on Wednesday, June 3rd. Finally, Bank of America lifted their price target on shares of Hewlett Packard Enterprise from $80.00 to $82.00 and gave the company a "buy" rating in a research report on Monday. Twelve research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of "Moderate Buy" and a consensus target price of $69.44.

Hewlett Packard Enterprise Trading Down 2.7%

Shares of HPE opened at $50.85 on Wednesday. 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 firm has a 50 day simple moving average of $49.57 and a 200-day simple moving average of $37.25. Hewlett Packard Enterprise Company has a 1-year low of $19.84 and a 1-year high of $64.25. The stock has a market cap of $67.34 billion, a price-to-earnings ratio of 47.52, a price-to-earnings-growth ratio of 0.56 and a beta of 1.43.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.25. The firm had revenue of $10.68 billion during 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 company's quarterly revenue was up 40.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.82) EPS. Equities analysts forecast that Hewlett Packard Enterprise Company will post 2.92 EPS for the current fiscal year.

Hewlett Packard Enterprise Company 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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