Oarsman Capital Inc. decreased its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE – Free Report) by 8.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 124,656 shares of the technology company’s stock after selling 11,098 shares during the quarter. Hewlett Packard Enterprise comprises about 0.4% of Oarsman Capital Inc.’s portfolio, making the stock its 25th biggest holding. Oarsman Capital Inc.’s holdings in Hewlett Packard Enterprise were worth $5,623,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently made changes to their positions in HPE. Headlands Technologies LLC acquired a new position in Hewlett Packard Enterprise during the second quarter worth $26,000. Delos Wealth Advisors LLC acquired a new position in shares of Hewlett Packard Enterprise during the 2nd quarter worth about $27,000. SJS Investment Consulting Inc. raised its holdings in shares of 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 valued at $28,000 after purchasing an additional 716 shares during the period. Union Savings Bank acquired a new stake in Hewlett Packard Enterprise in the 4th quarter valued at about $30,000. Finally, First Bancorp Inc ME bought a new position in Hewlett Packard Enterprise during the second quarter worth about $30,000. Institutional investors and hedge funds own 80.78% of the company’s stock.
Insider Buying and Selling
In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 18,785 shares of Hewlett Packard Enterprise stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total value of $911,072.50. The sale was disclosed in a legal 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 currently owned by company insiders.
Hewlett Packard Enterprise News Roundup
- Positive Sentiment: J.P. Morgan assigned HPE a Buy rating, adding to the bullish analyst support for the company. Hewlett Packard Enterprise Receives a Buy from J.P. Morgan
- Positive Sentiment: Analysts’ average price target implies approximately 25.5% upside, while upward earnings-estimate revisions suggest expectations for a potential earnings beat. The article cautions that price targets alone are not always reliable. HPE Potential Rally Analysis
- Positive Sentiment: HPE’s third-quarter outlook is supported by demand for AI infrastructure, networking, and hybrid-cloud solutions, with its expanded product portfolio potentially supporting revenue growth. HPE Q3 Earnings Preview
- Neutral Sentiment: Brokerages collectively rate HPE “Moderate Buy,” indicating broadly favorable sentiment but not unanimous conviction. HPE Consensus Recommendation
- Neutral Sentiment: Investors are awaiting detailed third-quarter projections for revenue, earnings, margins, and other operating metrics for the period ended July 2026. HPE Q3 Key Metrics Preview
- Negative Sentiment: Cisco may have an edge over HPE for long-term networking investors because of stronger hyperscaler AI orders, networking growth, and its expanding security business. HPE Versus Cisco Networking Comparison
- Negative Sentiment: HPE’s multiyear global Wi-Fi patent agreement with a blacklisted supplier could raise compliance and reputational concerns, despite resolving intellectual-property issues. HPE Global WiFi Patent Deal
Hewlett Packard Enterprise Stock Performance
Shares of NYSE:HPE opened at $52.31 on Monday. Hewlett Packard Enterprise Company has a 12-month low of $19.84 and a 12-month high of $64.25. The company’s 50 day moving average price is $49.46 and its two-hundred day moving average price is $36.86. The firm has a market cap of $69.27 billion, a PE ratio of 48.89, a PEG ratio of 0.56 and a beta of 1.42. 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 – Get Free Report) last issued its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.25. The business had revenue of $10.68 billion during 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 firm’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 company posted ($0.82) earnings per share. Equities research analysts predict that Hewlett Packard Enterprise Company will post 2.92 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on HPE. Wells Fargo & Company raised their price objective 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. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $71.00 to $69.00 in a research report on Monday, August 10th. Susquehanna raised their target price 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. Citigroup upped their price target on shares of Hewlett Packard Enterprise from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Finally, UBS Group increased their price target on shares of Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and a consensus price target of $69.80.
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.
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