Tidal Investments LLC lifted its stake in Hewlett Packard Enterprise Company (NYSE:HPE – Free Report) by 552.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 800,103 shares of the technology company’s stock after buying an additional 677,528 shares during the period. Tidal Investments LLC’s holdings in Hewlett Packard Enterprise were worth $36,093,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Delos Wealth Advisors LLC acquired a new stake in Hewlett Packard Enterprise in the 2nd quarter valued at $27,000. First Bancorp Inc ME acquired a new position in Hewlett Packard Enterprise during the second quarter worth $30,000. Transamerica Financial Advisors LLC bought a new position in shares of Hewlett Packard Enterprise during the second quarter valued at $37,000. SJS Investment Consulting Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 159.5% during the first quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock valued at $28,000 after acquiring an additional 716 shares during the period. Finally, Ancora Advisors LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter valued at $56,000. Institutional investors own 80.78% of the company’s stock.
Wall Street Analyst Weigh In
HPE has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 30th. Argus reaffirmed a “buy” rating and set a $70.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, September 4th. Raymond James Financial boosted their target price on Hewlett Packard Enterprise from $74.00 to $86.00 and gave the stock an “outperform” rating in a report on Thursday, September 3rd. Susquehanna increased their price target on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $57.00 price target (down from $63.00) on shares of Hewlett Packard Enterprise in a report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of “Moderate Buy” and an average price target of $69.44.
Insider Buying and Selling
In other Hewlett Packard Enterprise news, SVP Kirt Karros sold 18,785 shares of the 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 SEC, which can be accessed 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 Stock Up 4.8%
Shares of NYSE:HPE opened at $58.69 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 0.65. The firm has a market cap of $77.91 billion, a P/E ratio of 30.57, a P/E/G ratio of 0.51 and a beta of 1.43. Hewlett Packard Enterprise Company has a 12 month low of $19.84 and a 12 month high of $64.25. The company’s 50-day moving average price is $50.62 and its two-hundred day moving average price is $38.61.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last announced its earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.18. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The company had revenue of $12.21 billion for the quarter, compared to analyst estimates of $11.97 billion. During the same period in the prior year, the business earned $0.44 earnings per share. Hewlett Packard Enterprise’s quarterly revenue was up 33.7% on a year-over-year basis. Hewlett Packard Enterprise has set its Q4 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 3.750-3.850 EPS. As a group, research analysts forecast that Hewlett Packard Enterprise Company will post 3.27 EPS for the current fiscal year.
Hewlett Packard Enterprise Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, September 17th will be issued a dividend of $0.1425 per share. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.57 annualized dividend and a yield of 1.0%. Hewlett Packard Enterprise’s dividend payout ratio is currently 29.69%.
Hewlett Packard Enterprise Profile
Hewlett Packard Enterprise Company (NYSE:HPE) is a global technology company that provides information technology products, services and solutions for businesses and other organizations. Its offerings are designed to support data centers, cloud computing, artificial intelligence, networking and the management of distributed IT environments.
HPE’s portfolio includes enterprise servers, data storage systems, networking equipment, high-performance computing and software. Through its HPE GreenLake platform, the company also delivers cloud and as-a-service solutions that allow customers to access computing, storage, data protection and other IT capabilities through a flexible consumption model.
See Also
- Five stocks we like better than Hewlett Packard Enterprise
- Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal
- GE Aerospace’s $11.75B Deal Puts Howmet Aerospace in Focus
- Casey’s Post-Earnings Drop May Give Investors a Better Entry Into a Quality Retailer
- Sovereign AI: Palantir and Nebius Cut the Cloud Cord
Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise Company (NYSE:HPE – Free Report).
Receive News & Ratings for Hewlett Packard Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.
