Great Lakes Advisors LLC purchased a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 25,363 shares of the technology company’s stock, valued at approximately $1,144,000.
Several other institutional investors have also modified their holdings of the business. Headlands Technologies LLC acquired a new stake in Hewlett Packard Enterprise during the 2nd quarter worth approximately $26,000. SJS Investment Consulting Inc. lifted its stake in Hewlett Packard Enterprise by 159.5% in the first quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock valued at $28,000 after buying an additional 716 shares in the last quarter. Union Savings Bank acquired a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $30,000. Reflection Asset Management acquired a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $31,000. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth $40,000. Institutional investors own 80.78% of the company’s stock.
Insider Buying and Selling at Hewlett Packard Enterprise
In other news, SVP Kirt P. Karros sold 18,785 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by insiders.
Hewlett Packard Enterprise Price Performance
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last announced its 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 business had revenue of $10.68 billion during the quarter, compared to analysts’ expectations of $9.78 billion. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The firm’s revenue was up 40.0% on a year-over-year basis. During the same quarter in the prior year, the company 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. Equities research analysts anticipate that Hewlett Packard Enterprise Company will post 2.9 earnings per share for the current fiscal year.
Hewlett Packard Enterprise Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th were paid a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, June 16th. Hewlett Packard Enterprise’s dividend payout ratio is currently 53.27%.
Analyst Ratings Changes
A number of equities research analysts recently commented on HPE shares. Weiss Ratings upgraded shares of Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 29th. UBS Group upped their target price on shares of Hewlett Packard Enterprise from $25.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $71.00 to $69.00 in a report on Monday, August 10th. Wall Street Zen downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Argus boosted their price target on Hewlett Packard Enterprise from $30.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and an average target price of $69.80.
Read Our Latest Research Report on HPE
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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