State of Wyoming Takes Position in Hewlett Packard Enterprise Company $HPE

Key Points

• State of Wyoming acquired 28,179 HPE shares worth approximately $1.27 million during the second quarter, while institutional investors collectively own 80.78% of the company.
• Analysts remain broadly positive: HPE has an average “Moderate Buy” rating and a consensus price target of $69.80, with several firms recently raising targets into the $65–$70 range.
• HPE reported stronger-than-expected quarterly results, including $0.79 EPS versus a $0.54 estimate and revenue of $10.68 billion, up 40% year over year. The company also maintains a quarterly dividend of $0.1425 per share, or $0.57 annually.

State of Wyoming acquired a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 28,179 shares of the technology company's stock, valued at approximately $1,271,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HPE. Empowered Funds LLC raised its stake in shares of Hewlett Packard Enterprise by 317.3% in the 1st quarter. Empowered Funds LLC now owns 149,810 shares of the technology company's stock worth $2,312,000 after buying an additional 113,906 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Hewlett Packard Enterprise by 44.7% during the first quarter. Geneos Wealth Management Inc. now owns 4,456 shares of the technology company's stock valued at $69,000 after buying an additional 1,377 shares in the last quarter. Brown Advisory Inc. boosted its stake in Hewlett Packard Enterprise by 4.4% during the second quarter. Brown Advisory Inc. now owns 23,593 shares of the technology company's stock valued at $482,000 after buying an additional 996 shares in the last quarter. Jump Financial LLC grew its holdings in Hewlett Packard Enterprise by 25.8% during the second quarter. Jump Financial LLC now owns 15,662 shares of the technology company's stock worth $320,000 after acquiring an additional 3,215 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in Hewlett Packard Enterprise during the second quarter worth about $207,000. Institutional investors own 80.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wall Street Zen raised shares of Hewlett Packard Enterprise from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 10th. Argus lifted their price objective on shares of Hewlett Packard Enterprise from $30.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, June 3rd. UBS Group boosted their target price on shares of Hewlett Packard Enterprise from $25.00 to $65.00 and gave the stock a "neutral" rating in a report on Tuesday, June 2nd. Truist Financial reissued a "buy" rating and set a $69.00 target price (up from $31.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. Finally, Barclays lifted their price target on shares of Hewlett Packard Enterprise from $28.00 to $67.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 2nd. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $69.80.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Kirt P. Karros sold 18,785 shares of the company's stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $48.50, for a total value of $911,072.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Trading Down 1.7%

NYSE:HPE opened at $58.79 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. Hewlett Packard Enterprise Company has a 1-year low of $19.84 and a 1-year high of $64.25. The firm has a market capitalization of $77.85 billion, a price-to-earnings ratio of 54.94, a price-to-earnings-growth ratio of 0.63 and a beta of 1.42. The stock has a fifty day simple moving average of $48.21 and a 200 day simple moving average of $34.54.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $10.68 billion for the quarter, compared to the consensus estimate of $9.78 billion. During the same quarter in the previous year, the company earned ($0.82) EPS. The business's revenue for the quarter 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. Sell-side analysts forecast that Hewlett Packard Enterprise Company will post 2.9 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared 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. The ex-dividend date was Tuesday, June 16th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.0%. Hewlett Packard Enterprise's payout ratio is currently 53.27%.

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.

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