89,267 Shares in Hewlett Packard Enterprise Company $HPE Purchased by WealthShield Partners LLC

WealthShield Partners LLC purchased a new stake in Hewlett Packard Enterprise Company (NYSE:HPEFree Report) in the 2nd quarter, Holdings Channel reports. The fund purchased 89,267 shares of the technology company’s stock, valued at approximately $4,040,000.

A number of other institutional investors have also recently modified their holdings of the business. Varma Mutual Pension Insurance Co acquired a new position in Hewlett Packard Enterprise during the second quarter worth $13,556,000. Westpac Banking Corp purchased a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter worth $291,000. William Blair Investment Management LLC acquired a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at about $374,000. Korea Investment CORP purchased a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter worth approximately $54,726,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of Hewlett Packard Enterprise during the 2nd quarter worth $2,824,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Kirt P. Karros sold 18,785 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $48.50, for a total value of $911,072.50. The transaction was disclosed in a document filed with the SEC, which is available at 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 Trading Up 1.1%

Shares of HPE opened at $53.48 on Friday. Hewlett Packard Enterprise Company has a twelve month low of $19.84 and a twelve month high of $64.25. The firm has a market capitalization of $70.82 billion, a P/E ratio of 49.98, a price-to-earnings-growth ratio of 0.58 and a beta of 1.42. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.72. The stock’s fifty day simple moving average is $48.90 and its 200 day simple moving average is $35.69.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last announced its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.54 by $0.25. The company had revenue of $10.68 billion during 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 was up 40.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($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. On average, equities research analysts forecast that Hewlett Packard Enterprise Company will post 2.9 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HPE. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $71.00 to $69.00 in a research report on Monday, August 10th. Susquehanna raised their price objective on shares of Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Argus raised their price target on Hewlett Packard Enterprise from $30.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Bank of America boosted their target price on shares of Hewlett Packard Enterprise from $38.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Finally, Barclays raised their target price on shares of Hewlett Packard Enterprise from $28.00 to $67.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.80.

Get Our Latest Analysis on HPE

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.

Further Reading

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

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