Tidal Investments LLC Acquires 677,528 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• Tidal Investments increased its HPE stake by 552.7% in the second quarter, purchasing 677,528 additional shares to own 800,103 shares worth approximately $36.1 million.
• Analysts remain broadly positive, with HPE holding a “Moderate Buy” consensus rating and an average price target of $69.44; several firms recently raised their targets as high as $79.
• HPE reported quarterly EPS of $1.11 and revenue of $12.21 billion, exceeding estimates, while revenue grew 33.7% year over year. The company also declared a quarterly dividend of $0.1425 per share.

Tidal Investments LLC lifted its holdings in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 552.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 800,103 shares of the technology company's stock after purchasing an additional 677,528 shares during the period. Tidal Investments LLC owned 0.06% of Hewlett Packard Enterprise worth $36,093,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Baird Financial Group Inc. lifted its position in shares of Hewlett Packard Enterprise by 1.4% in the second quarter. Baird Financial Group Inc. now owns 15,727 shares of the technology company's stock worth $709,000 after buying an additional 212 shares during the last quarter. Sax Wealth Advisors LLC increased its holdings in shares of Hewlett Packard Enterprise by 2.9% during the 2nd quarter. Sax Wealth Advisors LLC now owns 8,782 shares of the technology company's stock valued at $396,000 after acquiring an additional 244 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Hewlett Packard Enterprise by 5.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 7,180 shares of the technology company's stock valued at $324,000 after acquiring an additional 355 shares during the last quarter. Investment Research Partners LLC raised its stake in shares of Hewlett Packard Enterprise by 2.0% in the 4th quarter. Investment Research Partners LLC now owns 21,925 shares of the technology company's stock valued at $527,000 after acquiring an additional 423 shares in the last quarter. Finally, D.A. Davidson & CO. raised its stake in shares of Hewlett Packard Enterprise by 4.5% in the 1st quarter. D.A. Davidson & CO. now owns 9,998 shares of the technology company's stock valued at $238,000 after acquiring an additional 429 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on HPE shares. Deutsche Bank Aktiengesellschaft began coverage on Hewlett Packard Enterprise in a research report on Tuesday, September 1st. They set a "buy" rating and a $62.00 target price for the company. Morgan Stanley dropped their price target on shares of Hewlett Packard Enterprise from $69.00 to $67.00 and set an "overweight" rating on the stock in a research report on Thursday, September 3rd. The Goldman Sachs Group boosted their price objective on Hewlett Packard Enterprise from $32.00 to $79.00 and gave the stock a "buy" rating in a research report on Wednesday, June 3rd. Barclays raised their target price on Hewlett Packard Enterprise from $67.00 to $79.00 and gave the company an "overweight" rating in a report on Thursday, September 3rd. Finally, Susquehanna lifted their price target on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $69.44.

Insider Buying and Selling

In related news, SVP Kirt Karros sold 18,785 shares of the firm's stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total value of $911,072.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 currently owned by company insiders.

Hewlett Packard Enterprise Stock Up 4.8%

Shares of HPE opened at $58.69 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.72 and a current ratio of 1.11. The company has a 50-day simple moving average of $50.62 and a 200-day simple moving average of $38.61. Hewlett Packard Enterprise Company has a 52 week low of $19.84 and a 52 week high of $64.25. The firm has a market capitalization of $77.91 billion, a P/E ratio of 30.57, a P/E/G ratio of 0.51 and a beta of 1.43.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.18. The business had revenue of $12.21 billion for the quarter, compared to the consensus estimate of $11.97 billion. Hewlett Packard Enterprise had a return on equity of 15.50% and a net margin of 6.60%.The firm's revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period last year, the business earned $0.44 earnings per share. Hewlett Packard Enterprise has set its Q4 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 3.750-3.850 EPS. On average, equities research analysts expect that Hewlett Packard Enterprise Company will post 3.27 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, September 17th will be given a dividend of $0.1425 per share. The ex-dividend date is Thursday, September 17th. 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 29.69%.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company NYSE: HPE is a global technology company that provides information technology products, services and solutions for businesses and other organizations. Its offerings are designed to support data centers, cloud computing, artificial intelligence, networking and the management of distributed IT environments.

HPE's portfolio includes enterprise servers, data storage systems, networking equipment, high-performance computing and software. Through its HPE GreenLake platform, the company also delivers cloud and as-a-service solutions that allow customers to access computing, storage, data protection and other IT capabilities through a flexible consumption model.

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