California State Teachers Retirement System boosted its position in Hewlett Packard Enterprise Company (NYSE:HPE – Free Report) by 4,299.0% in the second quarter, Holdings Channel.com reports. The firm owned 92,484,612 shares of the technology company’s stock after purchasing an additional 90,382,225 shares during the quarter. California State Teachers Retirement System owned about 0.07% of Hewlett Packard Enterprise worth $4,171,981,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Delos Wealth Advisors LLC bought a new stake in shares of Hewlett Packard Enterprise during the second quarter worth about $27,000. First Bancorp Inc ME acquired a new position in shares of Hewlett Packard Enterprise in the second quarter valued at approximately $30,000. Transamerica Financial Advisors LLC bought a new position in Hewlett Packard Enterprise in the 2nd quarter valued at approximately $37,000. SJS Investment Consulting Inc. boosted its position in Hewlett Packard Enterprise by 159.5% during 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. Finally, Ancora Advisors LLC acquired a new stake in Hewlett Packard Enterprise during the 2nd quarter worth approximately $56,000. 80.78% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
HPE has been the subject of several recent research reports. Barclays upped their price target on shares of Hewlett Packard Enterprise from $67.00 to $79.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Sanford C. Bernstein boosted their price objective on shares of Hewlett Packard Enterprise from $35.00 to $62.00 and gave the stock a “market perform” rating in a research note on Tuesday, June 2nd. Bank of America increased their price objective on Hewlett Packard Enterprise from $80.00 to $82.00 and gave the company a “buy” rating in a report on Monday, August 31st. Piper Sandler reaffirmed a “neutral” rating and set a $57.00 target price (down from $63.00) on shares of Hewlett Packard Enterprise in a research report on Thursday, September 3rd. Finally, Wells Fargo & Company reduced their price target on Hewlett Packard Enterprise from $67.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.44.
Insider Buying and Selling
In related news, SVP Kirt Karros sold 18,785 shares of the firm’s stock in a transaction that occurred on 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 Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by corporate insiders.
Hewlett Packard Enterprise Price Performance
HPE stock opened at $58.69 on Thursday. The firm has a market cap of $77.91 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 0.51 and a beta of 1.43. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 0.65. Hewlett Packard Enterprise Company has a 12-month low of $19.84 and a 12-month high of $64.25. The company’s fifty day simple moving average is $50.62 and its 200 day simple moving average is $38.61.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.18. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The business had revenue of $12.21 billion for the quarter, compared to analysts’ expectations of $11.97 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The business’s quarterly revenue was up 33.7% compared to the same quarter last year. Hewlett Packard Enterprise has set its Q4 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 3.750-3.850 EPS. On average, analysts expect that Hewlett Packard Enterprise Company will post 3.27 earnings per share for the current year.
Hewlett Packard Enterprise Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, September 17th will be given a dividend of $0.1425 per share. The ex-dividend date is Thursday, September 17th. This represents a $0.57 annualized dividend and a dividend yield of 1.0%. Hewlett Packard Enterprise’s dividend payout ratio is presently 29.69%.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company (NYSE:HPE) is a global technology company that provides information technology products, services and solutions for businesses and other organizations. Its offerings are designed to support data centers, cloud computing, artificial intelligence, networking and the management of distributed IT environments.
HPE’s portfolio includes enterprise servers, data storage systems, networking equipment, high-performance computing and software. Through its HPE GreenLake platform, the company also delivers cloud and as-a-service solutions that allow customers to access computing, storage, data protection and other IT capabilities through a flexible consumption model.
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