Plato Investment Management Ltd Makes New Investment in Hewlett Packard Enterprise Company $HPE

Plato Investment Management Ltd bought a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 38,564 shares of the technology company’s stock, valued at approximately $1,729,000.

A number of other large investors have also recently made changes to their positions in HPE. Headlands Technologies LLC bought a new position in shares of Hewlett Packard Enterprise in the second quarter worth about $26,000. SJS Investment Consulting Inc. grew its stake in Hewlett Packard Enterprise by 159.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock worth $28,000 after acquiring an additional 716 shares in the last quarter. Union Savings Bank bought a new position in Hewlett Packard Enterprise in the 4th quarter worth about $30,000. Reflection Asset Management purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $31,000. Finally, WealthCollab LLC increased its position in shares of Hewlett Packard Enterprise by 121.8% during the fourth quarter. WealthCollab LLC now owns 1,657 shares of the technology company’s stock worth $40,000 after acquiring an additional 910 shares during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HPE has been the topic of several research analyst reports. Loop Capital raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and increased their price objective for the stock from $23.00 to $75.00 in a research note on Tuesday, June 2nd. Wells Fargo & Company lifted their target price on Hewlett Packard Enterprise from $26.00 to $67.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 2nd. Raymond James Financial upped their target price on Hewlett Packard Enterprise from $29.00 to $74.00 and gave the stock an “outperform” rating in a report on Tuesday, June 2nd. Argus increased their price target on Hewlett Packard Enterprise from $30.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Finally, Citigroup raised their price target on Hewlett Packard Enterprise from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Eleven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.80.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $57.62 on Tuesday. The company has a market cap of $76.30 billion, a PE ratio of 53.85, a P/E/G ratio of 0.63 and a beta of 1.42. The firm’s 50 day moving average price is $48.37 and its 200-day moving average price is $34.89. 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 Company has a 52-week low of $19.84 and a 52-week high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data 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 company had revenue of $10.68 billion during 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%. Hewlett Packard Enterprise’s revenue for the quarter was up 40.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($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. Sell-side analysts forecast that Hewlett Packard Enterprise Company will post 2.9 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th were given a $0.1425 dividend. This represents a $0.57 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, June 16th. Hewlett Packard Enterprise’s payout ratio is presently 53.27%.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Kirt P. Karros sold 18,785 shares of the company’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 legal filing with the Securities & Exchange Commission, which is available 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.

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.