Bryn Mawr Trust Advisors LLC Buys Shares of 117,419 Hewlett Packard Enterprise Company $HPE

Bryn Mawr Trust Advisors LLC acquired a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 117,419 shares of the technology company’s stock, valued at approximately $5,297,000.

Other large investors have also bought and sold shares of the company. Capital World Investors purchased a new stake in Hewlett Packard Enterprise in the 4th quarter worth about $901,751,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Hewlett Packard Enterprise during the fourth quarter valued at about $433,537,000. Elliott Investment Management L.P. lifted its holdings in Hewlett Packard Enterprise by 47.2% during the first quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock valued at $652,912,000 after purchasing an additional 8,790,757 shares during the last quarter. Norges Bank bought a new position in Hewlett Packard Enterprise during the fourth quarter worth about $185,969,000. Finally, Amundi increased its stake in shares of Hewlett Packard Enterprise by 63.1% in the fourth quarter. Amundi now owns 11,514,029 shares of the technology company’s stock worth $276,567,000 after purchasing an additional 4,454,568 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Kirt P. Karros sold 18,785 shares of the 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HPE shares. The Goldman Sachs Group boosted their target price on shares of Hewlett Packard Enterprise from $32.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Wells Fargo & Company raised their price target on Hewlett Packard Enterprise from $26.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 2nd. Argus lifted their price target on Hewlett Packard Enterprise from $30.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. UBS Group boosted their price objective on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Finally, Wall Street Zen upgraded Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 10th. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.80.

Hewlett Packard Enterprise Price Performance

Shares of Hewlett Packard Enterprise stock opened at $58.79 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 firm has a market capitalization of $77.85 billion, a PE ratio of 54.94, a price-to-earnings-growth ratio of 0.64 and a beta of 1.42. The business’s 50-day moving average price is $48.21 and its 200-day moving average price is $34.54. Hewlett Packard Enterprise Company has a 12 month low of $19.84 and a 12 month high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.25. The business had revenue of $10.68 billion for 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%.Hewlett Packard Enterprise’s revenue for the quarter was up 40.0% compared to the same quarter last year. During the same period last year, the company earned ($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. Sell-side analysts forecast that Hewlett Packard Enterprise Company will post 2.9 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th were paid a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a yield of 1.0%. The ex-dividend date was Tuesday, June 16th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) 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.