Independent Financial Group LLC Buys New Position in Hewlett Packard Enterprise Company $HPE

Independent Financial Group LLC acquired a new stake in Hewlett Packard Enterprise Company (NYSE:HPE) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 18,164 shares of the technology company’s stock, valued at approximately $432,000.

Several other large investors have also modified their holdings of HPE. Wealthfront Advisers LLC lifted its position in Hewlett Packard Enterprise by 1.9% during the 1st quarter. Wealthfront Advisers LLC now owns 79,857 shares of the technology company’s stock worth $1,901,000 after acquiring an additional 1,485 shares during the period. D.A. Davidson & CO. increased its holdings in shares of Hewlett Packard Enterprise by 4.5% in the first quarter. D.A. Davidson & CO. now owns 9,998 shares of the technology company’s stock valued at $238,000 after purchasing an additional 429 shares during the period. Twin Capital Management Inc. increased its holdings in shares of Hewlett Packard Enterprise by 7.0% in the first quarter. Twin Capital Management Inc. now owns 43,082 shares of the technology company’s stock valued at $1,026,000 after purchasing an additional 2,836 shares during the period. MASTERINVEST Kapitalanlage GmbH raised its stake in shares of Hewlett Packard Enterprise by 14.7% during the first quarter. MASTERINVEST Kapitalanlage GmbH now owns 58,328 shares of the technology company’s stock worth $1,389,000 after purchasing an additional 7,454 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 21.7% during the first quarter. Sanctuary Advisors LLC now owns 175,596 shares of the technology company’s stock worth $4,181,000 after purchasing an additional 31,296 shares during the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HPE shares. 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. Citigroup increased their price target on shares of Hewlett Packard Enterprise from $39.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Barclays raised their price objective on shares of Hewlett Packard Enterprise from $28.00 to $67.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. Morgan Stanley boosted their target price on Hewlett Packard Enterprise from $33.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 2nd. Finally, Argus raised 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $67.06.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, CFO Marie Myers sold 93,583 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $30.01, for a total value of $2,808,425.83. Following the completion of the transaction, the chief financial officer owned 204,754 shares of the company’s stock, valued at $6,144,667.54. The trade was a 31.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 6,482 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $29.10, for a total value of $188,626.20. Following the completion of the transaction, the director owned 8,018 shares of the company’s stock, valued at $233,323.80. This trade represents a 44.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 118,850 shares of company stock worth $3,908,125. 0.44% of the stock is owned by insiders.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $47.67 on Friday. 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 company’s 50-day moving average price is $44.83 and its 200 day moving average price is $31.27. Hewlett Packard Enterprise Company has a 52 week low of $19.64 and a 52 week high of $64.25. The stock has a market cap of $63.12 billion, a price-to-earnings ratio of 44.55, a PEG ratio of 0.52 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.25. The company had revenue of $10.68 billion for the quarter, compared to the consensus estimate of $9.78 billion. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The company’s revenue for the quarter was up 40.0% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. As a group, research analysts forecast that Hewlett Packard Enterprise Company will post 2.88 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th were issued a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, June 16th. Hewlett Packard Enterprise’s dividend payout ratio 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.