Varma Mutual Pension Insurance Co Takes $13.56 Million Position in Hewlett Packard Enterprise Company $HPE

Key Points

• Varma Mutual Pension Insurance Co. acquired 300,500 HPE shares worth approximately $13.56 million, while institutional investors collectively own 80.78% of the company.
• Analysts remain broadly positive: HPE has a consensus “Moderate Buy” rating from 17 analysts and an average price target of $69.80.
• HPE reported quarterly earnings of $0.79 per share and revenue of $10.68 billion, surpassing estimates, while revenue grew 40% year over year. The company also pays a $0.57 annualized dividend, yielding about 1.1%.

Varma Mutual Pension Insurance Co bought a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 300,500 shares of the technology company's stock, valued at approximately $13,556,000.

Other institutional investors have also modified their holdings of the company. Capital World Investors purchased a new stake in Hewlett Packard Enterprise during the 4th quarter worth approximately $901,751,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at approximately $433,537,000. Elliott Investment Management L.P. boosted its stake in shares of Hewlett Packard Enterprise by 47.2% during the 1st quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company's stock valued at $652,912,000 after buying an additional 8,790,757 shares during the last quarter. Norges Bank acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $185,969,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Hewlett Packard Enterprise during the second quarter worth approximately $322,718,000. Institutional investors and hedge funds own 80.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HPE shares. Argus lifted their price target 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. Weiss Ratings upgraded shares of Hewlett Packard Enterprise from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, June 29th. JPMorgan Chase & Co. raised their price objective on shares of Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an "overweight" rating in a report on Tuesday, June 2nd. Morgan Stanley raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and dropped their target price for the stock from $71.00 to $69.00 in a research report on Monday, August 10th. Finally, Citigroup upped their target price on shares of Hewlett Packard Enterprise from $70.00 to $74.00 and gave the company a "buy" rating in a research note on Friday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.80.

Hewlett Packard Enterprise Trading Up 0.1%

NYSE:HPE opened at $53.48 on Monday. The firm has a market capitalization of $70.82 billion, a P/E ratio of 49.98, a P/E/G ratio of 0.58 and a beta of 1.42. The business has a 50 day simple moving average of $48.90 and a 200 day simple moving average of $35.79. 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 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 issued its earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.25. The firm had revenue of $10.68 billion for the quarter, compared to analyst estimates of $9.78 billion. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The firm's revenue for the quarter was up 40.0% on a year-over-year basis. During the same period last year, the company earned ($0.82) earnings per share. 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 research analysts predict that Hewlett Packard Enterprise Company will post 2.9 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

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

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 18,785 shares of the business's stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $48.50, for a total transaction of $911,072.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 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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