PCM Encore LLC Purchases Shares of 20,561 Hewlett Packard Enterprise Company $HPE

Key Points

• PCM Encore LLC initiated a position in Hewlett Packard Enterprise by purchasing 20,561 shares valued at approximately $928,000. Institutional investors collectively own 80.78% of HPE’s outstanding stock.
• Analysts have sharply raised their price targets, with an average target of $69.80 and a “Moderate Buy” consensus rating; 11 analysts rate the stock a Buy and six rate it Hold.
• HPE reported quarterly EPS of $0.79, above the $0.54 consensus estimate, while revenue rose 40% year over year to $10.68 billion. The company also maintains a $0.57 annualized dividend, yielding about 1.1%.

PCM Encore LLC purchased a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 20,561 shares of the technology company's stock, valued at approximately $928,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SJS Investment Consulting Inc. increased its holdings 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 worth $28,000 after buying an additional 716 shares during the last quarter. Headlands Technologies LLC bought a new stake in Hewlett Packard Enterprise during the second quarter worth $26,000. Union Savings Bank acquired a new stake in Hewlett Packard Enterprise in the fourth quarter valued at $30,000. Reflection Asset Management bought a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $31,000. Finally, Clearstead Trust LLC bought a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at about $58,000. Institutional investors own 80.78% of the company's stock.

Analysts Set New Price Targets

HPE has been the topic of a number of research analyst reports. Barclays upped their target price on shares of Hewlett Packard Enterprise from $28.00 to $67.00 and gave the company an "overweight" rating in a report on Tuesday, June 2nd. Susquehanna lifted their price target on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a "neutral" rating in a report on Tuesday, June 2nd. JPMorgan Chase & Co. boosted their price target on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 2nd. Argus upped their price objective on Hewlett Packard Enterprise from $30.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, June 3rd. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $63.00 price objective (up from $23.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, June 2nd. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average 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 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 value of $911,072.50. The transaction was disclosed in a filing with the SEC, which is available at 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 Price Performance

Shares of HPE opened at $52.93 on Friday. The firm has a market capitalization of $70.09 billion, a PE ratio of 49.47, a PEG ratio of 0.57 and a beta of 1.42. The company's 50-day moving average is $48.80 and its 200-day moving average is $35.57. Hewlett Packard Enterprise Company has a fifty-two week low of $19.84 and a fifty-two week high of $64.25. 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 (NYSE:HPE - Get Free Report) last posted its earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.25. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The company had revenue of $10.68 billion during the quarter, compared to analysts' expectations of $9.78 billion. During the same quarter last year, the company posted ($0.82) EPS. Hewlett Packard Enterprise's quarterly 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 analysts forecast that Hewlett Packard Enterprise Company will post 2.9 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

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

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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