133,988 Shares in Hewlett Packard Enterprise Company $HPE Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC bought a new stake in Hewlett Packard Enterprise Company (NYSE:HPE) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 133,988 shares of the technology company’s stock, valued at approximately $6,044,000.

Several other large investors also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter valued at approximately $26,000. SJS Investment Consulting Inc. increased its holdings in Hewlett Packard Enterprise by 159.5% in the first quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock valued at $28,000 after buying an additional 716 shares during the last quarter. Union Savings Bank purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $30,000. Reflection Asset Management purchased a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $31,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in Hewlett Packard Enterprise during the 4th quarter worth $40,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Trading Down 0.4%

Hewlett Packard Enterprise stock opened at $52.93 on Friday. Hewlett Packard Enterprise Company has a 1 year low of $19.84 and a 1 year high of $64.25. The firm has a market cap of $70.09 billion, a price-to-earnings ratio of 49.47, a price-to-earnings-growth ratio of 0.57 and a beta of 1.42. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.75 and a current ratio of 1.09. The firm’s 50 day moving average price is $48.80 and its two-hundred day moving average price is $35.57.

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, 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 the consensus estimate of $9.78 billion. During the same quarter in the prior year, the firm earned ($0.82) EPS. The firm’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. On average, research analysts predict that Hewlett Packard Enterprise Company will post 2.9 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th were issued a dividend of $0.1425 per share. The ex-dividend date was Tuesday, June 16th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.1%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 53.27%.

Wall Street Analysts Forecast Growth

HPE has been the subject of a number of recent analyst reports. Susquehanna raised their price objective on shares of Hewlett Packard Enterprise from $21.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. Citigroup raised their target price on shares of Hewlett Packard Enterprise from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Bank of America lifted their target price on shares of Hewlett Packard Enterprise from $38.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Truist Financial reaffirmed a “buy” rating and issued a $69.00 price objective (up from $31.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, June 2nd. Finally, Zacks Research downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.80.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 18,785 shares of the company’s stock in a transaction that occurred 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 accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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.