NFJ Investment Group LLC Buys New Holdings in Hewlett Packard Enterprise Company $HPE

NFJ Investment Group LLC purchased a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 692,260 shares of the technology company’s stock, valued at approximately $31,228,000. NFJ Investment Group LLC owned about 0.05% of Hewlett Packard Enterprise at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HPE. SJS Investment Consulting Inc. increased its stake in shares of Hewlett Packard Enterprise by 159.5% in the first quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock worth $28,000 after acquiring an additional 716 shares during the period. Headlands Technologies LLC acquired a new position in Hewlett Packard Enterprise during the second quarter valued at $26,000. Union Savings Bank acquired a new position in Hewlett Packard Enterprise during the fourth quarter valued at $30,000. Reflection Asset Management purchased a new stake in Hewlett Packard Enterprise in the fourth quarter valued at $31,000. Finally, Clearstead Trust LLC acquired a new stake in Hewlett Packard Enterprise during the 2nd quarter worth about $58,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Kirt P. Karros sold 18,785 shares of Hewlett Packard Enterprise stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $48.50, for a total value of $911,072.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on HPE. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $71.00 to $69.00 in a research note on Monday, August 10th. Loop Capital raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and raised their target price for the stock from $23.00 to $75.00 in a report on Tuesday, June 2nd. Barclays lifted their price target on Hewlett Packard Enterprise from $28.00 to $67.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. Sanford C. Bernstein boosted their price target on Hewlett Packard Enterprise from $35.00 to $62.00 and gave the company a “market perform” rating in a report on Tuesday, June 2nd. Finally, Zacks Research lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and an average price target of $69.80.

Hewlett Packard Enterprise Price Performance

NYSE:HPE opened at $52.93 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. Hewlett Packard Enterprise Company has a 52 week low of $19.84 and a 52 week high of $64.25. The stock’s 50-day moving average price is $48.80 and its 200-day moving average price is $35.57. The stock has a market capitalization of $70.09 billion, a PE ratio of 49.47, a price-to-earnings-growth ratio of 0.57 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly 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 company had revenue of $10.68 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 40.0% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. As a group, equities analysts expect that Hewlett Packard Enterprise Company will post 2.9 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th were given a dividend of $0.1425 per share. The ex-dividend date was Tuesday, June 16th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.1%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 53.27%.

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.