Mirae Asset Global Investments Co. Ltd. Grows Stock Holdings in Hewlett Packard Enterprise Company $HPE

Mirae Asset Global Investments Co. Ltd. increased its stake in Hewlett Packard Enterprise Company (NYSE:HPEFree Report) by 20.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 314,115 shares of the technology company’s stock after buying an additional 54,136 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Hewlett Packard Enterprise were worth $14,170,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HPE. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Hewlett Packard Enterprise by 1.4% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 171,855 shares of the technology company’s stock valued at $7,752,000 after buying an additional 2,391 shares during the last quarter. Drive Wealth Management LLC purchased a new stake in shares of Hewlett Packard Enterprise in the second quarter worth $283,000. Balance Wealth Partners LLC purchased a new stake in shares of Hewlett Packard Enterprise in the second quarter worth $204,000. Columbia Asset Management bought a new position in shares of Hewlett Packard Enterprise during the second quarter valued at $290,000. Finally, Boston Common Asset Management LLC purchased a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth about $2,065,000. Institutional investors own 80.78% of the company’s stock.

More Hewlett Packard Enterprise News

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HPE shares. Zacks Research cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 3rd. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 10th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $71.00 to $69.00 in a report on Monday. Piper Sandler reiterated a “neutral” rating and set a $63.00 price target (up from $23.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. Finally, Argus raised their price target on shares of Hewlett Packard Enterprise from $30.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and a consensus price target of $69.80.

View Our Latest Stock Report on HPE

Hewlett Packard Enterprise Trading Up 1.8%

Hewlett Packard Enterprise stock opened at $59.83 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75. Hewlett Packard Enterprise Company has a one year low of $19.84 and a one year high of $64.25. The stock has a market capitalization of $79.23 billion, a PE ratio of 55.92, a price-to-earnings-growth ratio of 0.63 and a beta of 1.42. The business’s fifty day moving average is $48.02 and its 200 day moving average is $34.37.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last issued its earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.25. The business had revenue of $10.68 billion during the quarter, compared to analyst estimates 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 revenue was up 40.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.82) EPS. 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, sell-side analysts predict that Hewlett Packard Enterprise Company will post 2.9 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed 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. This represents a $0.57 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, June 16th. Hewlett Packard Enterprise’s payout ratio is presently 53.27%.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, SVP Kirt P. Karros sold 18,785 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $48.50, for a total transaction of $911,072.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by insiders.

Hewlett Packard Enterprise Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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