OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Hewlett Packard Enterprise Company (NYSE:HPE – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 25,147 shares of the technology company’s stock, valued at approximately $1,134,000.
A number of other hedge funds also recently bought and sold shares of the business. Headlands Technologies LLC purchased a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth $26,000. SJS Investment Consulting Inc. increased its holdings in shares of Hewlett Packard Enterprise by 159.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock worth $28,000 after buying an additional 716 shares during the last quarter. Union Savings Bank purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $30,000. Reflection Asset Management purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $31,000. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.
Insider Transactions at Hewlett Packard Enterprise
In related news, SVP Kirt P. Karros sold 18,785 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total transaction of $911,072.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on Hewlett Packard Enterprise
Hewlett Packard Enterprise Stock Performance
Shares of NYSE:HPE opened at $53.48 on Friday. 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 Company has a 12 month low of $19.84 and a 12 month high of $64.25. The company has a market capitalization of $70.82 billion, a price-to-earnings ratio of 49.98, a PEG ratio of 0.57 and a beta of 1.42. The firm’s 50-day moving average is $48.90 and its 200 day moving average is $35.69.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last announced its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $9.78 billion. During the same quarter last year, the firm earned ($0.82) earnings per share. The firm’s quarterly revenue was up 40.0% compared to the same quarter last year. 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 predict that Hewlett Packard Enterprise Company will post 2.9 EPS for the current year.
Hewlett Packard Enterprise Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th were paid a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 16th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 53.27%.
About Hewlett Packard Enterprise
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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