Clal Insurance Enterprises Holdings Ltd purchased a new position in Hewlett Packard Enterprise Company (NYSE:HPE – Free Report) in the second quarter, HoldingsChannel reports. The firm purchased 1,560,000 shares of the technology company’s stock, valued at approximately $70,372,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter valued at $26,000. SJS Investment Consulting Inc. boosted its holdings in Hewlett Packard Enterprise by 159.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock worth $28,000 after buying an additional 716 shares during the period. Union Savings Bank purchased a new stake in Hewlett Packard Enterprise in the 4th quarter worth $30,000. Reflection Asset Management bought a new stake in Hewlett Packard Enterprise during the fourth quarter valued at about $31,000. Finally, Hilton Head Capital Partners LLC purchased a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $40,000. 80.78% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Hewlett Packard Enterprise
In related news, SVP Kirt P. Karros sold 18,785 shares of the firm’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on HPE
Hewlett Packard Enterprise Trading Up 0.1%
Shares of HPE stock opened at $53.48 on Monday. Hewlett Packard Enterprise Company has a 12-month low of $19.84 and a 12-month high of $64.25. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.72. The stock’s 50-day moving average price is $48.90 and its 200-day moving average price is $35.79. The stock has a market capitalization of $70.82 billion, a price-to-earnings ratio of 49.98, a price-to-earnings-growth ratio of 0.58 and a beta of 1.42.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last announced its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.25. The company had revenue of $10.68 billion during the quarter, compared to analyst estimates of $9.78 billion. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The firm’s revenue was up 40.0% on a year-over-year basis. During the same period in the prior year, the company earned ($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 predict that Hewlett Packard Enterprise Company will post 2.9 EPS for the current fiscal year.
Hewlett Packard Enterprise Announces Dividend
The company also recently announced 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. 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%.
About Hewlett Packard Enterprise
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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