Vise Technologies Inc. Purchases 16,711 Shares of Hewlett Packard Enterprise Company $HPE

Vise Technologies Inc. boosted its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 72.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 39,632 shares of the technology company’s stock after purchasing an additional 16,711 shares during the period. Vise Technologies Inc.’s holdings in Hewlett Packard Enterprise were worth $952,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in Hewlett Packard Enterprise by 24.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 215,593 shares of the technology company’s stock valued at $5,179,000 after acquiring an additional 41,896 shares during the last quarter. Viking Fund Management LLC boosted its stake in Hewlett Packard Enterprise by 22.5% in the fourth quarter. Viking Fund Management LLC now owns 490,000 shares of the technology company’s stock valued at $11,770,000 after acquiring an additional 90,000 shares during the last quarter. Freemont Management S.A. boosted its stake in Hewlett Packard Enterprise by 197.1% in the fourth quarter. Freemont Management S.A. now owns 217,200 shares of the technology company’s stock valued at $5,217,000 after acquiring an additional 144,100 shares during the last quarter. CIBC Asset Management Inc boosted its stake in 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 acquiring an additional 126,938 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in 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 acquiring an additional 1,917,719 shares during the last quarter. 80.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on HPE. JPMorgan Chase & Co. boosted their target price on shares of Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Truist Financial reiterated a “buy” rating and issued a $69.00 target price (up from $31.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. Bank of America boosted their target price on shares of Hewlett Packard Enterprise from $38.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Raymond James Financial boosted their target price on shares of Hewlett Packard Enterprise from $29.00 to $74.00 and gave the company an “outperform” rating in a research note on Tuesday, June 2nd. Finally, Citigroup boosted their price target on shares of Hewlett Packard Enterprise from $39.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Eleven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $64.65.

Insider Activity at Hewlett Packard Enterprise

In related news, CFO Marie Myers sold 93,583 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $30.01, for a total transaction of $2,808,425.83. Following the completion of the transaction, the chief financial officer owned 204,754 shares of the company’s stock, valued at approximately $6,144,667.54. The trade was a 31.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Fidelma Russo sold 34,001 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $25.08, for a total transaction of $852,745.08. Following the transaction, the executive vice president directly owned 17,001 shares of the company’s stock, valued at approximately $426,385.08. This represents a 66.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 702,402 shares of company stock valued at $18,440,171 in the last quarter. 0.44% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $48.15 on Wednesday. The company’s 50 day moving average is $32.63 and its 200-day moving average is $26.07. Hewlett Packard Enterprise Company has a 12-month low of $17.49 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 $63.76 billion, a P/E ratio of 45.00, a price-to-earnings-growth ratio of 0.79 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share (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 company had revenue of $10.68 billion for the quarter, compared to analyst estimates of $9.78 billion. During the same quarter in the previous year, the firm posted ($0.82) earnings per share. The company’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. Sell-side analysts predict that Hewlett Packard Enterprise Company will post 1.97 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th will be paid a $0.1425 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $0.57 annualized dividend and a yield of 1.2%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 53.27%.

Hewlett Packard Enterprise Company 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.