NewEdge Advisors LLC Grows Stock Holdings in Hewlett Packard Enterprise Company $HPE

NewEdge Advisors LLC lifted its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 21.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 257,974 shares of the technology company’s stock after purchasing an additional 44,836 shares during the quarter. NewEdge Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $6,142,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. SJS Investment Consulting Inc. lifted its position in 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 worth $28,000 after buying an additional 716 shares during the last quarter. Headlands Technologies LLC bought a new position in Hewlett Packard Enterprise during the second quarter valued at approximately $26,000. Union Savings Bank purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $30,000. Reflection Asset Management purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $31,000. Finally, IFC & Insurance Marketing Inc. bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth approximately $40,000. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise News Summary

Here are the key news stories impacting Hewlett Packard Enterprise this week:

• Positive Sentiment: Morgan Stanley upgraded HPE to Overweight from Equal-Weight and raised its price target to $71 from $69, implying substantial upside from the reported $54.67 reference price. Analyst Erik Woodring cited resilient enterprise spending on AI servers and networking equipment, despite debate over whether the AI investment cycle can continue at its current pace. HPE stock jumps as Morgan Stanley upgrades AI infrastructure outlook
• Positive Sentiment: The upgrade helped lift HPE alongside other AI-server stocks, including Super Micro Computer and Dell, as investors positioned ahead of Super Micro’s earnings and continued to favor companies exposed to data-center spending. AI server stocks advance
• Positive Sentiment: Market coverage characterized HPE as a potentially attractive way to participate in the ongoing AI-hardware boom, reinforcing the view that demand for its servers and networking products may remain strong. It Isn’t Too Late to Buy AI Hardware Boom
• Neutral Sentiment: An article on data-science performance and the JEPQ exchange-traded fund does not appear to provide a direct new catalyst for HPE. The Data Science Disconnect
• Negative Sentiment: HPE reportedly cut jobs at its Galway, Ireland, operation despite an earlier commitment to create 150 positions. The workforce reduction may raise concerns about restructuring and regional employment, although it was overshadowed by the bullish AI-infrastructure outlook. Hewlett Packard Enterprise cuts Galway workforce

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $54.67 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. The firm’s fifty day simple moving average is $47.86 and its 200 day simple moving average is $33.60. The stock has a market cap of $72.39 billion, a P/E ratio of 51.09, a price-to-earnings-growth ratio of 0.58 and a beta of 1.42. Hewlett Packard Enterprise Company has a twelve month low of $19.84 and a twelve month high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, topping 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 analyst estimates of $9.78 billion. During the same period in the prior year, the business earned ($0.82) EPS. The company’s revenue for the quarter 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. As a group, research analysts predict that Hewlett Packard Enterprise Company will post 2.88 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders 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 1.0%. Hewlett Packard Enterprise’s dividend payout ratio is 53.27%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Raymond James Financial raised their price objective on Hewlett Packard Enterprise from $29.00 to $74.00 and gave the company an “outperform” rating in a research note on Tuesday, June 2nd. Bank of America boosted their target price on Hewlett Packard Enterprise from $38.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Argus increased their target price on Hewlett Packard Enterprise from $30.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Finally, Loop Capital upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and raised their price target for the stock from $23.00 to $75.00 in a research report on Tuesday, June 2nd. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.80.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, SVP Kirt P. Karros sold 18,785 shares of the stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.44% of the company’s stock.

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.