Sanctuary Advisors LLC Acquires New Stake in Hewlett Packard Enterprise Company $HPE

Sanctuary Advisors LLC acquired a new stake in Hewlett Packard Enterprise Company (NYSE:HPE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 233,172 shares of the technology company’s stock, valued at approximately $10,518,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HPE. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Hewlett Packard Enterprise during the second quarter worth $70,372,000. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Hewlett Packard Enterprise during the second quarter valued at $1,650,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Hewlett Packard Enterprise in the second quarter worth about $1,027,139,000. First Nebraska Trust Co bought a new position in shares of Hewlett Packard Enterprise in the second quarter worth about $4,514,000. Finally, Bank of Nova Scotia purchased a new position in Hewlett Packard Enterprise in the 2nd quarter worth about $7,768,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

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 that occurred on Monday, June 22nd. The shares were 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 can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HPE shares. Wall Street Zen lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a report on Saturday. Truist Financial restated 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. Susquehanna raised their target price on shares of Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. UBS Group lifted their price target on shares of Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Finally, The Goldman Sachs Group boosted their price target on Hewlett Packard Enterprise from $32.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and a consensus price target of $69.80.

Hewlett Packard Enterprise Stock Performance

HPE stock opened at $52.44 on Tuesday. Hewlett Packard Enterprise Company has a 1-year low of $19.84 and a 1-year high of $64.25. The business has a 50-day moving average price of $48.98 and a 200 day moving average price of $36.00. The company has a market capitalization of $69.44 billion, a P/E ratio of 49.01, a PEG ratio of 0.58 and a beta of 1.42. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.25. The company had revenue of $10.68 billion for the quarter, compared to analysts’ expectations of $9.78 billion. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The firm’s quarterly revenue was up 40.0% on a year-over-year basis. During the same period in the prior year, the business earned ($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 research analysts forecast that Hewlett Packard Enterprise Company will post 2.9 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th were paid 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 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.