24,022 Shares in Hewlett Packard Enterprise Company $HPE Purchased by Uniting Wealth Partners LLC

Uniting Wealth Partners LLC bought a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 24,022 shares of the technology company’s stock, valued at approximately $1,087,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its stake in shares of Hewlett Packard Enterprise by 317.3% during the 1st quarter. Empowered Funds LLC now owns 149,810 shares of the technology company’s stock worth $2,312,000 after purchasing an additional 113,906 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Hewlett Packard Enterprise by 44.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,456 shares of the technology company’s stock worth $69,000 after purchasing an additional 1,377 shares during the last quarter. Brown Advisory Inc. lifted its stake in Hewlett Packard Enterprise by 4.4% in the 2nd quarter. Brown Advisory Inc. now owns 23,593 shares of the technology company’s stock valued at $482,000 after buying an additional 996 shares in the last quarter. Jump Financial LLC lifted its stake in Hewlett Packard Enterprise by 25.8% in the 2nd quarter. Jump Financial LLC now owns 15,662 shares of the technology company’s stock valued at $320,000 after buying an additional 3,215 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in Hewlett Packard Enterprise during the 2nd quarter valued at $207,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Buying and Selling

In other news, SVP Kirt P. Karros sold 18,785 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $48.50, for a total transaction of $911,072.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by company insiders.

Analyst Ratings Changes

HPE has been the subject of several recent research reports. Bank of America raised their price target on Hewlett Packard Enterprise from $38.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. increased their price objective on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $71.00 to $69.00 in a research note on Monday, August 10th. Wells Fargo & Company upped their target price on shares of Hewlett Packard Enterprise from $26.00 to $67.00 and gave the company an “equal weight” rating in a report on Tuesday, June 2nd. Finally, Susquehanna raised their price target on shares of Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and a consensus price target of $69.80.

Hewlett Packard Enterprise Trading Up 0.1%

Shares of Hewlett Packard Enterprise stock opened at $58.79 on Monday. Hewlett Packard Enterprise Company has a fifty-two week low of $19.84 and a fifty-two week high of $64.25. The firm has a market cap of $77.85 billion, a PE ratio of 54.94, a P/E/G ratio of 0.63 and a beta of 1.42. The business’s fifty day moving average is $48.21 and its two-hundred day moving average is $34.63. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data 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 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 was up 40.0% on a year-over-year basis. During the same quarter last 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. Analysts anticipate that Hewlett Packard Enterprise Company will post 2.9 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

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