Capital Group Investment Management PTE. LTD. Invests $644,000 in Hewlett Packard Enterprise Company $HPE

Capital Group Investment Management PTE. LTD. purchased a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) in the 4th quarter, Holdings Channel reports. The firm purchased 26,829 shares of the technology company’s stock, valued at approximately $644,000.

Several other institutional investors also recently modified their holdings of HPE. Headlands Technologies LLC acquired a new position in shares of Hewlett Packard Enterprise during the second quarter worth $26,000. Clearstead Trust LLC increased its holdings in shares of Hewlett Packard Enterprise by 93.8% during the third quarter. Clearstead Trust LLC now owns 1,291 shares of the technology company’s stock worth $32,000 after buying an additional 625 shares in the last quarter. Thompson Investment Management Inc. acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth $34,000. JFS Wealth Advisors LLC increased its holdings in shares of Hewlett Packard Enterprise by 40.5% during the fourth quarter. JFS Wealth Advisors LLC now owns 1,565 shares of the technology company’s stock worth $38,000 after buying an additional 451 shares in the last quarter. Finally, WealthCollab LLC increased its holdings 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 buying an additional 910 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $49.16 on Monday. The company has a market capitalization of $65.10 billion, a price-to-earnings ratio of 45.95, a PEG ratio of 0.78 and a beta of 1.42. Hewlett Packard Enterprise Company has a twelve month low of $17.49 and a twelve month high of $64.25. The stock has a fifty day simple moving average of $31.65 and a 200 day simple moving average of $25.67. 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 for the quarter, beating analysts’ consensus estimates of $0.54 by $0.25. The business had revenue of $10.68 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 40.0% on a year-over-year basis. During the same period in the prior year, the business 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 expect that Hewlett Packard Enterprise Company will post 1.97 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th will be given a dividend of $0.1425 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.57 dividend on an annualized basis and a yield of 1.2%. Hewlett Packard Enterprise’s dividend payout ratio is 53.27%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HPE shares. Raymond James Financial upped their price target on shares of Hewlett Packard Enterprise from $29.00 to $74.00 and gave the stock an “outperform” rating in a report on Tuesday, June 2nd. UBS Group increased their price objective on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. Piper Sandler restated a “neutral” rating and issued a $63.00 price objective (up from $23.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. Wells Fargo & Company increased their price objective on 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, The Goldman Sachs Group increased their price objective on Hewlett Packard Enterprise from $32.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Eleven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $64.65.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 150,000 shares of the company’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $26.50, for a total transaction of $3,975,000.00. Following the sale, the chief executive officer owned 1,687,329 shares of the company’s stock, valued at approximately $44,714,218.50. This represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Neil B. Macdonald sold 24,251 shares of the company’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $27.01, for a total transaction of $655,019.51. Following the sale, the executive vice president directly owned 32,243 shares in the company, valued at $870,883.43. This trade represents a 42.93% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 702,402 shares of company stock valued at $18,440,171. 0.44% of the stock is owned by corporate insiders.

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.