Meiji Yasuda Asset Management Co Ltd. Invests $1.65 Million in Hewlett Packard Enterprise Company $HPE

Key Points

• Meiji Yasuda Asset Management acquired 36,585 HPE shares worth approximately $1.65 million during the second quarter. Institutional investors collectively own 80.78% of the company.
• Analyst sentiment remains positive, with 11 Buy ratings and six Holds, producing a consensus “Moderate Buy” rating and an average price target of $69.80.
• HPE reported quarterly revenue of $10.68 billion and EPS of $0.79, surpassing analyst estimates, while revenue increased 40% year over year. The company also pays a quarterly dividend of $0.1425, yielding about 1.1% annually.

Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 36,585 shares of the technology company's stock, valued at approximately $1,650,000.

A number of other hedge funds have also bought and sold shares of HPE. Headlands Technologies LLC acquired a new position in Hewlett Packard Enterprise in the second quarter valued at $26,000. SJS Investment Consulting Inc. boosted its position in 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 acquiring an additional 716 shares during the last quarter. Union Savings Bank acquired a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $30,000. Reflection Asset Management acquired a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $31,000. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth about $40,000. Institutional investors own 80.78% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on HPE shares. Weiss Ratings raised Hewlett Packard Enterprise from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, June 29th. Truist Financial reiterated a "buy" rating and issued a $69.00 target price (up from $31.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. Zacks Research lowered Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 3rd. UBS Group increased their price target on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the stock a "neutral" rating in a report on Tuesday, June 2nd. Finally, Wells Fargo & Company raised their price objective 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 assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $69.80.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $52.44 on Tuesday. The stock has a market capitalization of $69.44 billion, a PE ratio of 49.01, a price-to-earnings-growth ratio of 0.58 and a beta of 1.42. The company's 50-day moving average is $48.98 and its 200-day moving average is $36.00. 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 1 year low of $19.84 and a 1 year 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 analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $9.78 billion. During the same period in the previous year, the company posted ($0.82) EPS. The firm's revenue 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. Equities research analysts expect that Hewlett Packard Enterprise Company will post 2.9 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th were paid a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 16th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 53.27%.

Insider Activity at Hewlett Packard Enterprise

In other news, SVP Kirt P. Karros sold 18,785 shares of the company'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 transaction of $911,072.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source