Evolve Private Wealth LLC Increases Stock Position in Hewlett Packard Enterprise Company $HPE

Evolve Private Wealth LLC boosted its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 8.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,634 shares of the technology company’s stock after acquiring an additional 15,160 shares during the quarter. Evolve Private Wealth LLC’s holdings in Hewlett Packard Enterprise were worth $4,444,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in HPE. Empowered Funds LLC increased its holdings in Hewlett Packard Enterprise by 317.3% in the 1st quarter. Empowered Funds LLC now owns 149,810 shares of the technology company’s stock worth $2,312,000 after buying an additional 113,906 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in 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 valued at $69,000 after acquiring an additional 1,377 shares during the period. Brown Advisory Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 4.4% during the 2nd quarter. Brown Advisory Inc. now owns 23,593 shares of the technology company’s stock valued at $482,000 after acquiring an additional 996 shares during the last quarter. Jump Financial LLC grew its stake in shares of Hewlett Packard Enterprise by 25.8% in the second quarter. Jump Financial LLC now owns 15,662 shares of the technology company’s stock worth $320,000 after acquiring an additional 3,215 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in shares of Hewlett Packard Enterprise in the second quarter worth approximately $207,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on HPE shares. Truist Financial restated a “buy” rating and set a $69.00 price objective (up from $31.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, June 2nd. Citigroup lifted their target price on shares of Hewlett Packard Enterprise from $39.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Barclays boosted their target price on shares of Hewlett Packard Enterprise from $28.00 to $67.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Wells Fargo & Company raised their price target on Hewlett Packard Enterprise from $26.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 2nd. Finally, UBS Group upped their price objective on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $64.65.

Insider Activity

In related news, EVP Fidelma Russo sold 17,001 shares of the company’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $27.97, for a total value of $475,517.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Marie Myers sold 93,583 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $30.01, for a total value of $2,808,425.83. Following the sale, the chief financial officer directly owned 204,754 shares in the company, valued at approximately $6,144,667.54. This represents a 31.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 702,402 shares of company stock worth $18,440,171. 0.44% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Trading Up 0.1%

NYSE:HPE opened at $47.44 on Monday. The firm has a market capitalization of $62.82 billion, a price-to-earnings ratio of 44.34, a price-to-earnings-growth ratio of 0.51 and a beta of 1.42. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75. The business has a fifty day moving average price of $36.36 and a 200-day moving average price of $27.55. Hewlett Packard Enterprise Company has a one year low of $17.49 and a one year high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.25. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The business had revenue of $10.68 billion during the quarter, compared to analysts’ expectations of $9.78 billion. During the same quarter in the prior year, the business posted ($0.82) earnings per share. The business’s quarterly revenue was up 40.0% on a year-over-year basis. 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 2.88 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

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

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.