Monetta Financial Services Inc. Invests $947,000 in Hewlett Packard Enterprise Company $HPE

Monetta Financial Services Inc. purchased a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 21,000 shares of the technology company’s stock, valued at approximately $947,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Hewlett Packard Enterprise by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company’s stock valued at $4,156,870,000 after purchasing an additional 1,917,719 shares during the last quarter. Capital World Investors purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $901,751,000. Geode Capital Management LLC boosted its stake in shares of Hewlett Packard Enterprise by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 34,869,143 shares of the technology company’s stock valued at $835,626,000 after purchasing an additional 431,728 shares during the period. Elliott Investment Management L.P. grew its stake in shares of Hewlett Packard Enterprise by 47.2% during the first quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock valued at $652,912,000 after acquiring an additional 8,790,757 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Hewlett Packard Enterprise during the 4th quarter valued at approximately $433,537,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Kirt P. Karros sold 18,785 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Stock Down 4.6%

NYSE HPE opened at $53.12 on Thursday. Hewlett Packard Enterprise Company has a twelve month low of $19.84 and a twelve month high of $64.25. 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 has a 50-day simple moving average of $48.67 and a 200 day simple moving average of $35.35. The stock has a market cap of $70.34 billion, a PE ratio of 49.64, a PEG ratio of 0.60 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share 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 for the quarter, compared to analyst estimates 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% compared to the same quarter last year. 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 forecast that Hewlett Packard Enterprise Company will post 2.9 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th were paid a $0.1425 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.57 dividend on an annualized basis and a yield of 1.1%. Hewlett Packard Enterprise’s dividend payout ratio is presently 53.27%.

Analysts Set New Price Targets

Several brokerages have recently commented on HPE. Piper Sandler reiterated a “neutral” rating and issued a $63.00 target price (up from $23.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, June 2nd. Sanford C. Bernstein raised their price target on shares of Hewlett Packard Enterprise from $35.00 to $62.00 and gave the company a “market perform” rating in a research note on Tuesday, June 2nd. UBS Group lifted their price objective on shares of Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Zacks Research downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Finally, Wells Fargo & Company raised their price objective on shares of Hewlett Packard Enterprise from $26.00 to $67.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 2nd. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and a consensus price target of $69.80.

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.