Danske Bank A S Acquires Shares of 810,671 Hewlett Packard Enterprise Company $HPE

Danske Bank A S bought a new position in Hewlett Packard Enterprise Company (NYSE:HPEFree Report) during the second quarter, HoldingsChannel.com reports. The fund bought 810,671 shares of the technology company’s stock, valued at approximately $36,569,000.

Several other institutional investors and hedge funds have also recently modified their holdings of HPE. Headlands Technologies LLC bought a new position in Hewlett Packard Enterprise in the 2nd quarter worth about $26,000. SJS Investment Consulting Inc. grew its position in Hewlett Packard Enterprise by 159.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock valued at $28,000 after purchasing an additional 716 shares during the last quarter. Union Savings Bank bought a new stake in Hewlett Packard Enterprise during the 4th quarter valued at about $30,000. Reflection Asset Management purchased a new position in Hewlett Packard Enterprise in the fourth quarter worth about $31,000. Finally, WealthCollab LLC raised its holdings in Hewlett Packard Enterprise by 121.8% in the fourth quarter. WealthCollab LLC now owns 1,657 shares of the technology company’s stock worth $40,000 after buying an additional 910 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on HPE. Loop Capital upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and upped their target price for the stock from $23.00 to $75.00 in a research note on Tuesday, June 2nd. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $71.00 to $69.00 in a research report on Monday, August 10th. The Goldman Sachs Group boosted their price objective on shares of Hewlett Packard Enterprise from $32.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Weiss Ratings raised Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 29th. Finally, Susquehanna increased their target price 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. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.80.

Check Out Our Latest Research Report on Hewlett Packard Enterprise

Hewlett Packard Enterprise Price Performance

HPE opened at $53.12 on Thursday. The company’s 50-day simple moving average is $48.67 and its two-hundred day simple moving average is $35.35. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.75 and a current ratio of 1.09. The stock has a market capitalization of $70.34 billion, a P/E ratio of 49.64, a P/E/G ratio of 0.60 and a beta of 1.42. Hewlett Packard Enterprise Company has a 52-week low of $19.84 and a 52-week high of $64.25.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last released its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.25. The firm had revenue of $10.68 billion during the quarter, compared to analysts’ expectations of $9.78 billion. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The firm’s quarterly revenue was up 40.0% on a year-over-year basis. During the same period in the previous 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. As a group, analysts predict that Hewlett Packard Enterprise Company will post 2.9 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

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

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Kirt P. Karros sold 18,785 shares of Hewlett Packard Enterprise 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by insiders.

Hewlett Packard Enterprise Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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