Vega Investment Solutions Makes New Investment in Hewlett Packard Enterprise Company $HPE

Vega Investment Solutions acquired a new stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 548,792 shares of the technology company's stock, valued at approximately $24,520,000. Hewlett Packard Enterprise makes up 3.5% of Vega Investment Solutions' investment portfolio, making the stock its 5th biggest position.

Several other institutional investors have also modified their holdings of the company. Sax Wealth Advisors LLC grew its stake in shares of Hewlett Packard Enterprise by 2.9% during the second quarter. Sax Wealth Advisors LLC now owns 8,782 shares of the technology company's stock worth $396,000 after purchasing an additional 244 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in 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 worth $324,000 after buying an additional 355 shares during the last quarter. Investment Research Partners LLC lifted its holdings in Hewlett Packard Enterprise by 2.0% during the 4th quarter. Investment Research Partners LLC now owns 21,925 shares of the technology company's stock worth $527,000 after buying an additional 423 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of Hewlett Packard Enterprise by 4.5% during the 1st quarter. D.A. Davidson & CO. now owns 9,998 shares of the technology company's stock worth $238,000 after acquiring an additional 429 shares in the last quarter. Finally, Compound Planning Inc. increased its holdings in shares of Hewlett Packard Enterprise by 2.4% in the 1st quarter. Compound Planning Inc. now owns 18,951 shares of the technology company's stock valued at $451,000 after acquiring an additional 446 shares during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Kirt P. Karros sold 18,785 shares of the company's 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.44% of the company's stock.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $52.44 on Tuesday. The company has a market capitalization of $69.44 billion, a P/E ratio of 49.01, a PEG ratio of 0.58 and a beta of 1.42. Hewlett Packard Enterprise Company has a twelve month low of $19.84 and a twelve month high of $64.25. The business has a 50 day simple moving average of $48.98 and a 200-day simple moving average of $36.00. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.72.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its earnings results on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, beating 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 business had revenue of $10.68 billion for the quarter, compared to analysts' expectations of $9.78 billion. During the same period in the previous year, the company posted ($0.82) EPS. The company's quarterly revenue was up 40.0% on a year-over-year basis. 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. As a group, equities analysts anticipate that Hewlett Packard Enterprise Company will post 2.9 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

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

Analyst Upgrades and Downgrades

HPE has been the topic of several research analyst reports. Weiss Ratings raised Hewlett Packard Enterprise from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, June 29th. The Goldman Sachs Group increased their price target on shares of Hewlett Packard Enterprise from $32.00 to $79.00 and gave the company a "buy" rating in a research note on Wednesday, June 3rd. Sanford C. Bernstein raised their price objective on shares of Hewlett Packard Enterprise from $35.00 to $62.00 and gave the stock a "market perform" rating in a report on Tuesday, June 2nd. Zacks Research downgraded shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 3rd. Finally, Loop Capital upgraded shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and upped their target price for the company from $23.00 to $75.00 in a report on Tuesday, June 2nd. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $69.80.

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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