Focus Partners Advisor Solutions LLC Takes $1.72 Million Position in Hewlett Packard Enterprise Company $HPE

Focus Partners Advisor Solutions LLC bought a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPEFree Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 38,112 shares of the technology company’s stock, valued at approximately $1,719,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital World Investors acquired a new position in Hewlett Packard Enterprise during the fourth quarter valued at approximately $901,751,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth $433,537,000. Elliott Investment Management L.P. increased its position in shares of Hewlett Packard Enterprise by 47.2% in the first quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock worth $652,912,000 after acquiring an additional 8,790,757 shares in the last quarter. Norges Bank purchased a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at $185,969,000. Finally, Amundi raised its stake in shares of Hewlett Packard Enterprise by 63.1% in the 4th quarter. Amundi now owns 11,514,029 shares of the technology company’s stock valued at $276,567,000 after acquiring an additional 4,454,568 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HPE. Citigroup upped their price target on shares of Hewlett Packard Enterprise from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Barclays raised their price objective on Hewlett Packard Enterprise from $28.00 to $67.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. Wells Fargo & Company upped 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. Zacks Research lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 3rd. Finally, UBS Group raised their target price on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. Eleven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and a consensus target price of $69.80.

Get Our Latest Stock Report on HPE

Hewlett Packard Enterprise Trading Down 1.7%

NYSE:HPE opened at $58.79 on Friday. The stock has a market cap of $77.85 billion, a price-to-earnings ratio of 54.94, a price-to-earnings-growth ratio of 0.63 and a beta of 1.42. Hewlett Packard Enterprise Company has a one year low of $19.84 and a one year high of $64.25. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.75 and a current ratio of 1.09. The business’s 50-day simple moving average is $48.21 and its 200 day simple moving average is $34.54.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last issued its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm earned ($0.82) EPS. Hewlett Packard Enterprise’s quarterly 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, sell-side analysts predict that Hewlett Packard Enterprise Company will post 2.9 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 given a dividend of $0.1425 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.0%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 53.27%.

Insider Activity

In related news, SVP Kirt P. Karros sold 18,785 shares of Hewlett Packard Enterprise stock in a transaction on Monday, June 22nd. The shares were 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 Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Company 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.

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

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