Foyston Gordon & Payne Inc Takes $3.20 Million Position in Hewlett Packard Enterprise Company $HPE

Foyston Gordon & Payne Inc bought a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) during the 2nd quarter, HoldingsChannel reports. The firm bought 70,862 shares of the technology company’s stock, valued at approximately $3,197,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HPE. Capital World Investors purchased a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth about $901,751,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Hewlett Packard Enterprise in the 4th quarter worth approximately $433,537,000. Elliott Investment Management L.P. boosted its stake in Hewlett Packard Enterprise by 47.2% in the 1st quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock worth $652,912,000 after purchasing an additional 8,790,757 shares in the last quarter. Norges Bank purchased a new stake in Hewlett Packard Enterprise during the 4th quarter worth approximately $185,969,000. Finally, Bank of New York Mellon Corp purchased a new stake in Hewlett Packard Enterprise during the 2nd quarter worth approximately $322,718,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Piper Sandler reaffirmed a “neutral” rating and issued a $63.00 price target (up from $23.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $71.00 to $69.00 in a report on Monday, August 10th. Bank of America upped their target price on Hewlett Packard Enterprise from $38.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Wall Street Zen lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Wells Fargo & Company lifted their price target on Hewlett Packard Enterprise from $26.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 2nd. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.80.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Kirt P. Karros sold 18,785 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $48.50, for a total transaction of $911,072.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $53.48 on Friday. Hewlett Packard Enterprise Company has a twelve month low of $19.84 and a twelve month high of $64.25. The company’s 50 day moving average is $48.90 and its 200 day moving average is $35.69. 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 has a market cap of $70.82 billion, a PE ratio of 49.98, a price-to-earnings-growth ratio of 0.58 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.54 by $0.25. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The business had revenue of $10.68 billion during the quarter, compared to analysts’ expectations of $9.78 billion. During the same period in the previous year, the business posted ($0.82) EPS. The business’s quarterly revenue was up 40.0% compared to the same quarter last year. 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. On average, sell-side analysts forecast that Hewlett Packard Enterprise Company will post 2.9 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th were issued a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 16th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) 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.