Waterfront Wealth Inc. Buys 10,830 Shares of Hewlett Packard Enterprise Company $HPE

Waterfront Wealth Inc. boosted its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 6.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 171,005 shares of the technology company’s stock after buying an additional 10,830 shares during the quarter. Waterfront Wealth Inc.’s holdings in Hewlett Packard Enterprise were worth $4,072,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Hewlett Packard Enterprise by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company’s stock valued at $4,156,870,000 after acquiring an additional 1,917,719 shares during the last quarter. Capital World Investors bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth about $901,751,000. Geode Capital Management LLC boosted its stake in shares of Hewlett Packard Enterprise by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 34,869,143 shares of the technology company’s stock worth $835,626,000 after purchasing an additional 431,728 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Hewlett Packard Enterprise during the 4th quarter valued at about $433,537,000. Finally, Jericho Capital Asset Management L.P. bought a new position in Hewlett Packard Enterprise during the 3rd quarter valued at about $416,900,000. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Stock Up 9.9%

Shares of NYSE HPE opened at $49.10 on Friday. Hewlett Packard Enterprise Company has a 52-week low of $19.64 and a 52-week high of $64.25. The firm has a market capitalization of $65.02 billion, a price-to-earnings ratio of 45.89, a PEG ratio of 0.48 and a beta of 1.42. The stock has a 50 day moving average price of $41.53 and a 200 day moving average price of $29.66. 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 issued its earnings results 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. 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 analyst estimates of $9.78 billion. During the same period in the previous year, the company posted ($0.82) EPS. Hewlett Packard Enterprise’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. Sell-side analysts expect that Hewlett Packard Enterprise Company will post 2.88 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th will be issued a $0.1425 dividend. This represents a $0.57 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, June 16th. Hewlett Packard Enterprise’s payout ratio is presently 53.27%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Morgan Stanley raised their price objective on shares of Hewlett Packard Enterprise from $33.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 2nd. Piper Sandler reaffirmed a “neutral” rating and set a $63.00 target price (up from $23.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. The Goldman Sachs Group increased their price target on Hewlett Packard Enterprise from $32.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Truist Financial reissued a “buy” rating and set a $69.00 price target (up from $31.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. Finally, Raymond James Financial upped their price objective on Hewlett Packard Enterprise from $29.00 to $74.00 and gave the company an “outperform” rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.65.

Insider Buying and Selling

In other news, Director Bethany Mayer sold 6,482 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $29.10, for a total value of $188,626.20. Following the completion of the sale, the director owned 8,018 shares in the company, valued at approximately $233,323.80. The trade was a 44.70% decrease in their position. The transaction 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. Also, SVP Kirt P. Karros sold 18,785 shares of the company’s 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 310,102 shares of company stock valued at $9,013,662 over the last quarter. 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.