Handelsbanken Fonder AB lifted its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE – Free Report) by 16.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 725,021 shares of the technology company’s stock after acquiring an additional 104,102 shares during the quarter. Handelsbanken Fonder AB’s holdings in Hewlett Packard Enterprise were worth $32,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of the business. Empowered Funds LLC grew its stake in shares of Hewlett Packard Enterprise by 317.3% in the first quarter. Empowered Funds LLC now owns 149,810 shares of the technology company’s stock worth $2,312,000 after acquiring an additional 113,906 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Hewlett Packard Enterprise by 44.7% during the first quarter. Geneos Wealth Management Inc. now owns 4,456 shares of the technology company’s stock valued at $69,000 after purchasing an additional 1,377 shares during the last quarter. Brown Advisory Inc. lifted its position in Hewlett Packard Enterprise by 4.4% during the second quarter. Brown Advisory Inc. now owns 23,593 shares of the technology company’s stock valued at $482,000 after purchasing an additional 996 shares during the period. Jump Financial LLC boosted its holdings in Hewlett Packard Enterprise by 25.8% in the second quarter. Jump Financial LLC now owns 15,662 shares of the technology company’s stock worth $320,000 after purchasing an additional 3,215 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in Hewlett Packard Enterprise in the second quarter worth approximately $207,000. 80.78% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have weighed in on HPE. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 10th. Bank of America lifted their price objective on Hewlett Packard Enterprise from $38.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Truist Financial reiterated a “buy” rating and set a $69.00 price objective (up from $31.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, June 2nd. Sanford C. Bernstein increased their target price on Hewlett Packard Enterprise from $35.00 to $62.00 and gave the company a “market perform” rating in a report on Tuesday, June 2nd. Finally, Wells Fargo & Company raised their target price on Hewlett Packard Enterprise from $26.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 2nd. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $69.80.
Insider Activity at Hewlett Packard Enterprise
In other news, SVP Kirt P. Karros sold 18,785 shares of Hewlett Packard Enterprise stock in a transaction dated 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 SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by company insiders.
Key Stories Impacting Hewlett Packard Enterprise
Here are the key news stories impacting Hewlett Packard Enterprise this week:
- Positive Sentiment: Morgan Stanley upgraded HPE from Equal-Weight to Overweight, citing resilient enterprise AI infrastructure spending and continued demand for servers and networking hardware. The firm raised its price target to $71, implying meaningful upside from recent levels. HPE stock jumps as Morgan Stanley upgrades AI infrastructure outlook
- Positive Sentiment: HPE is benefiting from a broader rally in AI server stocks ahead of Super Micro Computer’s earnings, reinforcing investor interest in companies positioned to supply AI data-center infrastructure. AI server stocks advance
- Positive Sentiment: AMD’s planned Helios rack-scale AI systems could create additional opportunities for HPE as an ecosystem partner, potentially driving demand for HPE’s servers, networking products, and data-center solutions. AMD’s Helios Launch Could Create Winners Beyond AMD Stock
- Neutral Sentiment: The upgrade reflects optimism that AI infrastructure spending remains durable despite concerns about whether the current AI investment cycle can be sustained. HPE’s elevated valuation and dependence on continued data-center demand remain important considerations.
- Negative Sentiment: HPE reportedly cut jobs at its Galway, Ireland, operation despite an earlier pledge to create 150 positions. The workforce reduction could weigh modestly on sentiment, although its financial impact appears limited relative to the company’s broader AI opportunity. Hewlett Packard Enterprise cuts Galway workforce
Hewlett Packard Enterprise Trading Down 0.6%
Shares of Hewlett Packard Enterprise stock opened at $54.37 on Wednesday. The company’s fifty day simple moving average is $47.83 and its 200-day simple moving average is $33.83. The stock has a market capitalization of $72.00 billion, a PE ratio of 50.81, a P/E/G ratio of 0.59 and a beta of 1.42. Hewlett Packard Enterprise Company has a 1-year low of $19.84 and a 1-year high of $64.25. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last posted its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 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 analyst estimates of $9.78 billion. During the same period in the prior year, the business posted ($0.82) EPS. Hewlett Packard Enterprise’s revenue was up 40.0% on a year-over-year basis. 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, equities analysts anticipate that Hewlett Packard Enterprise Company will post 2.88 earnings per share for the current year.
Hewlett Packard Enterprise Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th were paid a $0.1425 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.57 annualized dividend and a dividend yield of 1.0%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 53.27%.
Hewlett Packard Enterprise 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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