Hsbc Holdings PLC Purchases New Shares in Hewlett Packard Enterprise Company $HPE

Hsbc Holdings PLC acquired a new stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 6,920,521 shares of the technology company's stock, valued at approximately $310,336,000. Hsbc Holdings PLC owned about 0.52% of Hewlett Packard Enterprise as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in HPE. Headlands Technologies LLC acquired a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at $26,000. Delos Wealth Advisors LLC bought a new stake in Hewlett Packard Enterprise during the 2nd quarter worth about $27,000. SJS Investment Consulting Inc. grew its holdings in Hewlett Packard Enterprise by 159.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company's stock worth $28,000 after acquiring an additional 716 shares during the last quarter. Union Savings Bank acquired a new stake in Hewlett Packard Enterprise in the 4th quarter valued at about $30,000. Finally, Reflection Asset Management acquired a new stake in Hewlett Packard Enterprise in the 4th quarter valued at about $31,000. Institutional investors own 80.78% of the company's stock.

Insider Activity

In related news, SVP Kirt P. Karros sold 18,785 shares of the business's stock in a transaction that occurred on Monday, June 22nd. The stock was 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 Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.44% of the company's stock.

Hewlett Packard Enterprise Stock Up 1.9%

Hewlett Packard Enterprise stock opened at $53.44 on Wednesday. The firm has a market capitalization of $70.77 billion, a price-to-earnings ratio of 49.94, a PEG ratio of 0.56 and a beta of 1.42. The company's 50 day simple moving average is $49.08 and its 200 day simple moving average is $36.22. 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 Company has a fifty-two week low of $19.84 and a fifty-two week high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its earnings results on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, beating 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 net margin of 3.94% and a return on equity of 11.91%. The business's quarterly revenue was up 40.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.82) earnings per share. 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. As a group, sell-side analysts anticipate that Hewlett Packard Enterprise Company will post 2.9 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th were issued a dividend of $0.1425 per share. The ex-dividend date was Tuesday, June 16th. This represents a $0.57 annualized dividend and a yield of 1.1%. Hewlett Packard Enterprise's payout ratio is currently 53.27%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. 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. Sanford C. Bernstein raised their price target on shares of Hewlett Packard Enterprise from $35.00 to $62.00 and gave the company a "market perform" rating in a report on Tuesday, June 2nd. Truist Financial restated a "buy" rating and issued a $69.00 price objective (up from $31.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, June 2nd. Zacks Research downgraded Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Monday, August 3rd. Finally, Bank of America increased their price objective on Hewlett Packard Enterprise from $38.00 to $80.00 and gave the company a "buy" rating 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. According to MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.80.

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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