Plato Investment Management Ltd Acquires Shares of 38,564 Hewlett Packard Enterprise Company $HPE

Key Points

• Plato Investment Management acquired 38,564 HPE shares worth approximately $1.73 million in the second quarter. Hedge funds and other institutional investors collectively own 80.78% of the company.
• Analysts remain broadly 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, up 40% year over year, and adjusted earnings of $0.79 per share, exceeding the $0.54 consensus estimate. The company also declared a quarterly dividend of $0.1425 per share, equivalent to a 1.0% annual yield.

Plato Investment Management Ltd acquired a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 38,564 shares of the technology company's stock, valued at approximately $1,729,000.

Other hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new position in Hewlett Packard Enterprise during the 2nd quarter valued at approximately $26,000. SJS Investment Consulting Inc. raised its holdings in shares of 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 in the last quarter. Union Savings Bank bought a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at approximately $30,000. Reflection Asset Management bought a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at approximately $31,000. Finally, WealthCollab LLC grew its holdings in shares of Hewlett Packard Enterprise by 121.8% in the fourth quarter. WealthCollab LLC now owns 1,657 shares of the technology company's stock valued at $40,000 after purchasing an additional 910 shares in the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HPE has been the topic of several research reports. The Goldman Sachs Group boosted their price target on shares of Hewlett Packard Enterprise from $32.00 to $79.00 and gave the stock a "buy" rating in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. increased their price objective on shares of Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an "overweight" rating in a research report on Tuesday, June 2nd. Raymond James Financial lifted their price objective on shares of Hewlett Packard Enterprise from $29.00 to $74.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 2nd. Bank of America boosted their target price on shares of Hewlett Packard Enterprise from $38.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, June 2nd. Finally, Argus increased their price target on shares of Hewlett Packard Enterprise from $30.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, June 3rd. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of "Moderate Buy" and an average target price of $69.80.

Insiders Place Their Bets

In related news, SVP Kirt P. Karros sold 18,785 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $48.50, for a total value of $911,072.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by company insiders.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $57.62 on Tuesday. The firm has a market capitalization of $76.30 billion, a PE ratio of 53.85, a PEG ratio of 0.63 and a beta of 1.42. The stock's fifty day moving average is $48.37 and its 200 day moving average is $34.89. 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 quick ratio of 0.75 and a current ratio of 1.09.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $9.78 billion. During the same period in the previous year, the firm earned ($0.82) earnings per share. 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. On average, sell-side analysts anticipate that Hewlett Packard Enterprise Company will post 2.9 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th were issued a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a yield of 1.0%. The ex-dividend date was Tuesday, June 16th. Hewlett Packard Enterprise's dividend payout ratio is presently 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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