Positano Wealth Management Ltd increased its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE – Free Report) by 14.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 180,389 shares of the technology company’s stock after purchasing an additional 22,775 shares during the period. Hewlett Packard Enterprise makes up 3.2% of Positano Wealth Management Ltd’s portfolio, making the stock its 11th largest holding. Positano Wealth Management Ltd’s holdings in Hewlett Packard Enterprise were worth $4,295,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of HPE. Headlands Technologies LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter worth $26,000. SJS Investment Consulting Inc. increased its stake 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 worth $28,000 after acquiring an additional 716 shares during the period. Union Savings Bank acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $30,000. Reflection Asset Management purchased a new position in Hewlett Packard Enterprise during the fourth quarter worth about $31,000. Finally, WealthCollab LLC raised its holdings in Hewlett Packard Enterprise by 121.8% during the fourth quarter. WealthCollab LLC now owns 1,657 shares of the technology company’s stock worth $40,000 after purchasing an additional 910 shares in the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts recently weighed in on the company. Citigroup lifted their price target on Hewlett Packard Enterprise from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Wall Street Zen raised shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 10th. Zacks Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 10th. Argus boosted their price objective on shares of Hewlett Packard Enterprise from $30.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Finally, Raymond James Financial increased their target price on shares of Hewlett Packard Enterprise from $29.00 to $74.00 and gave the company an “outperform” rating in a report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.31.
Insider Transactions at Hewlett Packard Enterprise
In related news, Director Bethany Mayer sold 6,482 shares of Hewlett Packard Enterprise stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $29.10, for a total transaction of $188,626.20. Following the completion of the sale, the director owned 8,018 shares in the company, valued at approximately $233,323.80. This trade represents a 44.70% decrease in their position. The transaction 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. Also, CFO Marie Myers sold 93,583 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $30.01, for a total transaction of $2,808,425.83. Following the completion of the transaction, the chief financial officer directly owned 204,754 shares of the company’s stock, valued at $6,144,667.54. The trade was a 31.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 118,850 shares of company stock valued at $3,908,125 over the last three months. 0.44% of the stock is currently owned by insiders.
Hewlett Packard Enterprise Stock Up 0.2%
HPE stock opened at $48.01 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75. The company’s 50 day simple moving average is $46.37 and its 200-day simple moving average is $32.28. Hewlett Packard Enterprise Company has a 12 month low of $19.64 and a 12 month high of $64.25. The firm has a market capitalization of $63.58 billion, a PE ratio of 44.87, a P/E/G ratio of 0.52 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 (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.25. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The firm had revenue of $10.68 billion during the quarter, compared to the consensus estimate of $9.78 billion. During the same period in the previous year, the firm posted ($0.82) EPS. The company’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. Equities analysts expect that Hewlett Packard Enterprise Company will post 2.88 earnings per share for the current fiscal year.
Hewlett Packard Enterprise Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th were issued a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 16th. Hewlett Packard Enterprise’s payout ratio is 53.27%.
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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