Kingsview Wealth Management LLC Purchases New Stake in Hewlett Packard Enterprise Company $HPE

Kingsview Wealth Management LLC acquired a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 16,084 shares of the technology company’s stock, valued at approximately $726,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Freemont Management S.A. grew its stake in Hewlett Packard Enterprise by 197.1% in the 4th quarter. Freemont Management S.A. now owns 217,200 shares of the technology company’s stock valued at $5,217,000 after buying an additional 144,100 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Hewlett Packard Enterprise by 60.2% in the fourth quarter. CIBC Asset Management Inc now owns 337,691 shares of the technology company’s stock valued at $8,111,000 after purchasing an additional 126,938 shares in the last quarter. Irenic Capital Management LP bought a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at $18,691,000. Banque Cantonale Vaudoise lifted its holdings in Hewlett Packard Enterprise by 73.6% during the 4th quarter. Banque Cantonale Vaudoise now owns 234,456 shares of the technology company’s stock worth $5,632,000 after purchasing an additional 99,412 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in Hewlett Packard Enterprise by 33.0% during the 4th quarter. Handelsbanken Fonder AB now owns 615,334 shares of the technology company’s stock worth $14,780,000 after purchasing an additional 152,810 shares in the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $52.31 on Monday. The business has a 50-day moving average price of $49.46 and a two-hundred day moving average price of $36.86. Hewlett Packard Enterprise Company has a 12-month low of $19.84 and a 12-month high of $64.25. 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 has a market cap of $69.27 billion, a P/E ratio of 48.89, a price-to-earnings-growth ratio of 0.56 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.54 by $0.25. The firm had revenue of $10.68 billion for 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%.The company’s revenue was up 40.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.82) EPS. Equities analysts anticipate that Hewlett Packard Enterprise Company will post 2.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HPE has been the subject of a number of recent analyst reports. Wall Street Zen raised Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a report on Sunday. Piper Sandler restated a “neutral” rating and issued a $63.00 price objective (up from $23.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, June 2nd. Sanford C. Bernstein boosted their price objective 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 increased their target price on shares of Hewlett Packard Enterprise from $25.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Finally, Barclays raised their price target on shares of Hewlett Packard Enterprise from $28.00 to $67.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.80.

More Hewlett Packard Enterprise News

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

• Positive Sentiment: J.P. Morgan assigned HPE a Buy rating, adding to the bullish analyst support for the company. Hewlett Packard Enterprise Receives a Buy from J.P. Morgan
• Positive Sentiment: Analysts’ average price target implies approximately 25.5% upside, while upward earnings-estimate revisions suggest expectations for a potential earnings beat. The article cautions that price targets alone are not always reliable. HPE Potential Rally Analysis
• Positive Sentiment: HPE’s third-quarter outlook is supported by demand for AI infrastructure, networking, and hybrid-cloud solutions, with its expanded product portfolio potentially supporting revenue growth. HPE Q3 Earnings Preview
• Neutral Sentiment: Brokerages collectively rate HPE “Moderate Buy,” indicating broadly favorable sentiment but not unanimous conviction. HPE Consensus Recommendation
• Neutral Sentiment: Investors are awaiting detailed third-quarter projections for revenue, earnings, margins, and other operating metrics for the period ended July 2026. HPE Q3 Key Metrics Preview
• Negative Sentiment: Cisco may have an edge over HPE for long-term networking investors because of stronger hyperscaler AI orders, networking growth, and its expanding security business. HPE Versus Cisco Networking Comparison
• Negative Sentiment: HPE’s multiyear global Wi-Fi patent agreement with a blacklisted supplier could raise compliance and reputational concerns, despite resolving intellectual-property issues. HPE Global WiFi Patent Deal

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise 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 legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently 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.