NewEdge Advisors LLC Buys 44,836 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• NewEdge Advisors increased its HPE stake by 21% in the first quarter, buying 44,836 shares to hold 257,974 shares valued at approximately $6.14 million.
• HPE reported a strong quarter, with $0.79 in EPS and $10.68 billion in revenue, exceeding estimates and marking 40% year-over-year revenue growth. The company also reaffirmed fiscal 2026 EPS guidance of $3.35–$3.45.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $69.80; HPE also pays a quarterly dividend of $0.1425, yielding about 1.0%.

NewEdge Advisors LLC raised its stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 21.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 257,974 shares of the technology company's stock after purchasing an additional 44,836 shares during the quarter. NewEdge Advisors LLC's holdings in Hewlett Packard Enterprise were worth $6,142,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. grew its position in Hewlett Packard Enterprise by 24.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 215,593 shares of the technology company's stock worth $5,179,000 after purchasing an additional 41,896 shares in the last quarter. Freemont Management S.A. lifted its position in shares of Hewlett Packard Enterprise by 197.1% during the 4th quarter. Freemont Management S.A. now owns 217,200 shares of the technology company's stock worth $5,217,000 after buying an additional 144,100 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Hewlett Packard Enterprise by 60.2% in the 4th quarter. CIBC Asset Management Inc now owns 337,691 shares of the technology company's stock worth $8,111,000 after buying an additional 126,938 shares during the last quarter. Irenic Capital Management LP bought a new position in shares of Hewlett Packard Enterprise in the first quarter valued at approximately $18,691,000. Finally, Vanguard Group Inc. increased its position in shares of Hewlett Packard Enterprise by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company's stock valued at $4,156,870,000 after acquiring an additional 1,917,719 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise News Summary

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

• Positive Sentiment: Morgan Stanley upgraded HPE to Overweight from Equal-Weight and raised its price target to $71 from $69, implying substantial upside from the reported $54.67 reference price. Analyst Erik Woodring cited resilient enterprise spending on AI servers and networking equipment, despite debate over whether the AI investment cycle can continue at its current pace. HPE stock jumps as Morgan Stanley upgrades AI infrastructure outlook
• Positive Sentiment: The upgrade helped lift HPE alongside other AI-server stocks, including Super Micro Computer and Dell, as investors positioned ahead of Super Micro’s earnings and continued to favor companies exposed to data-center spending. AI server stocks advance
• Positive Sentiment: Market coverage characterized HPE as a potentially attractive way to participate in the ongoing AI-hardware boom, reinforcing the view that demand for its servers and networking products may remain strong. It Isn't Too Late to Buy AI Hardware Boom
• Neutral Sentiment: An article on data-science performance and the JEPQ exchange-traded fund does not appear to provide a direct new catalyst for HPE. The Data Science Disconnect
• Negative Sentiment: HPE reportedly cut jobs at its Galway, Ireland, operation despite an earlier commitment to create 150 positions. The workforce reduction may raise concerns about restructuring and regional employment, although it was overshadowed by the bullish AI-infrastructure outlook. Hewlett Packard Enterprise cuts Galway workforce

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $54.67 on Tuesday. The company has a 50 day moving average of $47.86 and a 200 day moving average of $33.60. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.72. The stock has a market cap of $72.39 billion, a P/E ratio of 51.09, a P/E/G ratio of 0.58 and a beta of 1.42. Hewlett Packard Enterprise Company has a 12 month low of $19.84 and a 12 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 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% compared to the same quarter last year. During the same period last year, the firm earned ($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. As a group, sell-side analysts forecast that Hewlett Packard Enterprise Company will post 2.88 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared 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 of this dividend was Tuesday, June 16th. This represents a $0.57 annualized dividend and a dividend yield of 1.0%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 53.27%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Citigroup boosted their price objective on Hewlett Packard Enterprise from $70.00 to $74.00 and gave the stock a "buy" rating in a research report on Friday, July 24th. Piper Sandler reiterated a "neutral" rating and set a $63.00 target price (up from $23.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. Sanford C. Bernstein boosted their price target on shares of Hewlett Packard Enterprise from $35.00 to $62.00 and gave the stock a "market perform" rating in a report on Tuesday, June 2nd. 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 research 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 report on Tuesday, June 2nd. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of "Moderate Buy" and an average price target of $69.80.

Insider Activity

In other news, SVP Kirt P. Karros sold 18,785 shares of the business's stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.44% of the company's stock.

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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