Commerce Bank Acquires Shares of 178,931 Hewlett Packard Enterprise Company $HPE

Commerce Bank bought a new stake in Hewlett Packard Enterprise Company (NYSE:HPE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 178,931 shares of the technology company’s stock, valued at approximately $8,072,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Sax Wealth Advisors LLC increased its position in shares of Hewlett Packard Enterprise by 2.9% in the 2nd quarter. Sax Wealth Advisors LLC now owns 8,782 shares of the technology company’s stock worth $396,000 after purchasing an additional 244 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Hewlett Packard Enterprise by 5.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 7,180 shares of the technology company’s stock worth $324,000 after purchasing an additional 355 shares in the last quarter. Investment Research Partners LLC increased its holdings in Hewlett Packard Enterprise by 2.0% in the fourth quarter. Investment Research Partners LLC now owns 21,925 shares of the technology company’s stock valued at $527,000 after buying an additional 423 shares during the last quarter. D.A. Davidson & CO. increased its holdings in Hewlett Packard Enterprise by 4.5% in the first quarter. D.A. Davidson & CO. now owns 9,998 shares of the technology company’s stock valued at $238,000 after buying an additional 429 shares during the last quarter. Finally, Compound Planning Inc. raised its stake in Hewlett Packard Enterprise by 2.4% during the first quarter. Compound Planning Inc. now owns 18,951 shares of the technology company’s stock valued at $451,000 after buying an additional 446 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Insider Activity at Hewlett Packard Enterprise

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

Hewlett Packard Enterprise Stock Performance

HPE stock opened at $53.48 on Monday. Hewlett Packard Enterprise Company has a 1 year low of $19.84 and a 1 year high of $64.25. The stock has a market capitalization of $70.82 billion, a price-to-earnings ratio of 49.98, a PEG ratio of 0.58 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. The stock’s fifty day moving average is $48.90 and its two-hundred day moving average is $35.79.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 EPS 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 during the quarter, compared to analyst estimates of $9.78 billion. During the same quarter in the prior year, the firm earned ($0.82) earnings per share. The company’s quarterly revenue was up 40.0% on a year-over-year basis. 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 predict that Hewlett Packard Enterprise Company will post 2.9 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th were paid a $0.1425 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $0.57 annualized dividend and a dividend yield of 1.1%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 53.27%.

Analysts Set New Price Targets

Several research analysts have recently commented on HPE shares. Weiss Ratings upgraded Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 29th. Citigroup raised their price objective on Hewlett Packard Enterprise from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Raymond James Financial lifted their price objective on shares of Hewlett Packard Enterprise from $29.00 to $74.00 and gave the stock an “outperform” rating in a report 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 report on Tuesday, June 2nd. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $63.00 price target (up from $23.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. Eleven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and an average 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.