Global Retirement Partners LLC Acquires New Shares in Hewlett Packard Enterprise Company $HPE

Global Retirement Partners LLC acquired a new position in Hewlett Packard Enterprise Company (NYSE:HPE) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 22,889 shares of the technology company’s stock, valued at approximately $1,033,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of 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 worth $5,179,000 after buying an additional 41,896 shares during the last quarter. Freemont Management S.A. grew its holdings in shares of Hewlett Packard Enterprise by 197.1% during the fourth 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 during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Hewlett Packard Enterprise by 60.2% during the fourth quarter. CIBC Asset Management Inc now owns 337,691 shares of the technology company’s stock valued at $8,111,000 after buying an additional 126,938 shares during the last quarter. Irenic Capital Management LP acquired a new position in shares of Hewlett Packard Enterprise in the 1st quarter valued at $18,691,000. Finally, Vanguard Group Inc. raised its stake in Hewlett Packard Enterprise by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company’s stock worth $4,156,870,000 after acquiring an additional 1,917,719 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

HPE has been the subject of a number of research reports. Wall Street Zen raised Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 10th. JPMorgan Chase & Co. raised their price objective on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Wells Fargo & Company lifted their target price on Hewlett Packard Enterprise from $26.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 2nd. 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. Finally, Bank of America increased their price target on shares of Hewlett Packard Enterprise from $38.00 to $80.00 and gave the stock a “buy” rating in a 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.80.

Hewlett Packard Enterprise Price Performance

NYSE:HPE opened at $55.68 on Wednesday. The firm’s fifty day moving average is $48.52 and its two-hundred day moving average is $35.13. The firm has a market cap of $73.73 billion, a price-to-earnings ratio of 52.04, a PEG ratio of 0.63 and a beta of 1.42. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.75 and a current ratio of 1.09. Hewlett Packard Enterprise Company has a one year low of $19.84 and a one year high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, beating 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%.The company’s revenue was up 40.0% on a year-over-year basis. During the same quarter last year, the business posted ($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. Research analysts expect that Hewlett Packard Enterprise Company will post 2.9 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th were given a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a yield of 1.0%. The ex-dividend date was Tuesday, June 16th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 53.27%.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Kirt P. Karros sold 18,785 shares of Hewlett Packard Enterprise 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 document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by company 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.