WealthShield Partners LLC Buys New Position in Hewlett Packard Enterprise Company $HPE

Key Points

• WealthShield Partners bought 89,267 Hewlett Packard Enterprise shares worth approximately $4.04 million, while institutional investors collectively own 80.78% of HPE.
• HPE reported quarterly earnings of $0.79 per share versus the $0.54 consensus estimate, with revenue rising 40% year over year to $10.68 billion.
• Analysts maintain a “Moderate Buy” consensus and an average price target of $69.80; HPE also pays a quarterly dividend of $0.1425, or $0.57 annually.

WealthShield Partners LLC purchased a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 89,267 shares of the technology company's stock, valued at approximately $4,040,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sax Wealth Advisors LLC grew its holdings in shares of Hewlett Packard Enterprise by 2.9% in the second quarter. Sax Wealth Advisors LLC now owns 8,782 shares of the technology company's stock valued at $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 in the last quarter. Investment Research Partners LLC boosted its position in 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 buying an additional 423 shares during the period. D.A. Davidson & CO. grew its stake in shares of Hewlett Packard Enterprise by 4.5% in the first 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. grew its stake in shares of Hewlett Packard Enterprise by 2.4% in the first quarter. Compound Planning Inc. now owns 18,951 shares of the technology company's stock worth $451,000 after acquiring an additional 446 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $53.48 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 52 week low of $19.84 and a 52 week high of $64.25. The firm's 50 day moving average is $48.90 and its two-hundred day moving average is $35.69. 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.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $10.68 billion during the quarter, compared to the consensus estimate of $9.78 billion. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The company's revenue was up 40.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.82) EPS. 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. Research analysts forecast that Hewlett Packard Enterprise Company will post 2.9 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business 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. This represents a $0.57 annualized dividend and a yield of 1.1%. The ex-dividend date was Tuesday, June 16th. Hewlett Packard Enterprise's dividend payout ratio is currently 53.27%.

Analysts Set New Price Targets

Several analysts have recently issued reports on HPE shares. Susquehanna increased their price objective on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday, June 2nd. Zacks Research downgraded Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Monday, August 3rd. Raymond James Financial lifted their price target 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. Argus increased their price objective on shares of Hewlett Packard Enterprise from $30.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, June 3rd. Finally, Bank of America lifted their price objective on shares of Hewlett Packard Enterprise from $38.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, June 2nd. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $69.80.

Insider Activity

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 18,785 shares of the firm's stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $48.50, for a total transaction of $911,072.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.44% of the company's stock.

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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