Northwestern Mutual Wealth Management Co. Makes New Investment in Hewlett Packard Enterprise Company $HPE

Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 41,733 shares of the technology company’s stock, valued at approximately $1,883,000.

Other large investors have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in Hewlett Packard Enterprise during the second quarter valued at about $3,702,000. Evolve Private Wealth LLC purchased a new position in shares of Hewlett Packard Enterprise in the second quarter worth about $6,949,000. WealthShield Partners LLC bought a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at approximately $4,040,000. Varma Mutual Pension Insurance Co purchased a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter valued at approximately $13,556,000. Finally, Westpac Banking Corp bought a new position in Hewlett Packard Enterprise in the 2nd quarter worth approximately $291,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Activity

In other news, SVP Kirt P. Karros sold 18,785 shares of the stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $48.50, for a total transaction of $911,072.50. The sale was disclosed in a document filed with the SEC, which is available 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.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group lifted their price target on Hewlett Packard Enterprise from $32.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $71.00 to $69.00 in a report on Monday, August 10th. Citigroup raised their target price 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. Truist Financial reaffirmed a “buy” rating and set a $69.00 target price (up from $31.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. Finally, UBS Group upped their price target on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and an average price target of $69.80.

Hewlett Packard Enterprise Trading Down 1.9%

Shares of HPE stock opened at $52.44 on Tuesday. The company has a market capitalization of $69.44 billion, a PE ratio of 49.01, a price-to-earnings-growth ratio of 0.58 and a beta of 1.42. Hewlett Packard Enterprise Company has a 52-week low of $19.84 and a 52-week high of $64.25. The business’s fifty day moving average is $48.98 and its 200 day moving average is $36.00. 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 (NYSE:HPE) last posted its 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 return on equity of 11.91% and a net margin of 3.94%.The business had revenue of $10.68 billion during the quarter, compared to analysts’ expectations of $9.78 billion. During the same period in the previous year, the business earned ($0.82) earnings per share. The firm’s 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, equities research analysts anticipate that Hewlett Packard Enterprise Company will post 2.9 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

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