29,328 Shares in Hewlett Packard Enterprise Company $HPE Purchased by SummitTX Capital L.P.

SummitTX Capital L.P. acquired a new position in Hewlett Packard Enterprise Company (NYSE:HPE) in the 1st quarter, HoldingsChannel reports. The firm acquired 29,328 shares of the technology company’s stock, valued at approximately $698,000.

Other large investors have also recently made changes to their positions in the company. Weiss Asset Management LP bought a new stake in shares of Hewlett Packard Enterprise in the 1st quarter worth approximately $23,915,000. OMERS ADMINISTRATION Corp raised its holdings in shares of Hewlett Packard Enterprise by 42.1% during the first quarter. OMERS ADMINISTRATION Corp now owns 77,202 shares of the technology company’s stock valued at $1,838,000 after acquiring an additional 22,870 shares in the last quarter. Lombard Odier Asset Management Switzerland SA raised its holdings in shares of Hewlett Packard Enterprise by 39.3% during the first quarter. Lombard Odier Asset Management Switzerland SA now owns 201,654 shares of the technology company’s stock valued at $4,801,000 after acquiring an additional 56,900 shares in the last quarter. Waverly Advisors LLC lifted its stake in Hewlett Packard Enterprise by 21.8% in the first quarter. Waverly Advisors LLC now owns 27,595 shares of the technology company’s stock worth $657,000 after acquiring an additional 4,931 shares during the period. Finally, Wealth Alliance LLC boosted its holdings in Hewlett Packard Enterprise by 3.2% in the first quarter. Wealth Alliance LLC now owns 14,335 shares of the technology company’s stock valued at $341,000 after acquiring an additional 449 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Kirt P. Karros sold 18,785 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total transaction of $911,072.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 6,482 shares of Hewlett Packard Enterprise stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $29.10, for a total value of $188,626.20. Following the completion of the transaction, the director directly owned 8,018 shares of the company’s stock, valued at approximately $233,323.80. This represents a 44.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 118,850 shares of company stock valued at $3,908,125. Insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

HPE has been the topic of a number of research analyst reports. Citigroup boosted their price objective on shares of Hewlett Packard Enterprise from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Bank of America raised their target price on shares of Hewlett Packard Enterprise from $38.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Sanford C. Bernstein lifted their target price on shares of Hewlett Packard Enterprise from $35.00 to $62.00 and gave the company a “market perform” rating in a research note on Tuesday, June 2nd. Susquehanna boosted their price target on shares of Hewlett Packard Enterprise from $21.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. Finally, Wells Fargo & Company increased their price target on shares of Hewlett Packard Enterprise from $26.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of “Moderate Buy” and an average target price of $67.31.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $47.14 on Friday. The firm has a 50 day moving average price of $46.16 and a 200-day moving average price of $32.10. Hewlett Packard Enterprise Company has a 52-week low of $19.64 and a 52-week high of $64.25. The firm has a market capitalization of $62.42 billion, a price-to-earnings ratio of 44.06, a PEG ratio of 0.48 and a beta of 1.42. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.75 and a current ratio of 1.09.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.25. The firm had revenue of $10.68 billion for the quarter, compared to analysts’ expectations of $9.78 billion. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The business’s revenue for the quarter was up 40.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.82) EPS. 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 forecast that Hewlett Packard Enterprise Company will post 2.88 EPS 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 $0.1425 dividend. This represents a $0.57 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 16th. Hewlett Packard Enterprise’s payout ratio is 53.27%.

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.