Kestra Advisory Services LLC Buys 17,590 Shares of Hewlett Packard Enterprise Company $HPE

Kestra Advisory Services LLC increased its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 14.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 141,814 shares of the technology company’s stock after buying an additional 17,590 shares during the quarter. Kestra Advisory Services LLC’s holdings in Hewlett Packard Enterprise were worth $3,377,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Capital World Investors bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $901,751,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $433,537,000. Norges Bank purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at approximately $185,969,000. Amundi lifted its position in shares of Hewlett Packard Enterprise by 63.1% during the 4th quarter. Amundi now owns 11,514,029 shares of the technology company’s stock valued at $276,567,000 after buying an additional 4,454,568 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in Hewlett Packard Enterprise during the fourth quarter worth about $93,654,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on HPE shares. Citigroup lifted their target price on Hewlett Packard Enterprise from $39.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. UBS Group boosted their price objective on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. Loop Capital raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and increased their target price for the company from $23.00 to $75.00 in a research note on Tuesday, June 2nd. Morgan Stanley increased their price target on shares of Hewlett Packard Enterprise from $33.00 to $71.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 2nd. Finally, Truist Financial reiterated a “buy” rating and issued a $69.00 price objective (up from $31.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and a consensus price target of $64.65.

Hewlett Packard Enterprise Stock Up 1.5%

Shares of Hewlett Packard Enterprise stock opened at $45.81 on Friday. Hewlett Packard Enterprise Company has a 1 year low of $19.64 and a 1 year high of $64.25. The company has a 50-day moving average of $43.63 and a 200 day moving average of $30.58. The firm has a market cap of $60.67 billion, a price-to-earnings ratio of 42.82, a PEG ratio of 0.49 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 posted its quarterly 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. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The firm had revenue of $10.68 billion during the quarter, compared to analyst estimates of $9.78 billion. During the same quarter in the previous year, the firm earned ($0.82) EPS. Hewlett Packard Enterprise’s quarterly revenue was up 40.0% compared to the same quarter last year. 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, sell-side analysts anticipate that Hewlett Packard Enterprise Company will post 2.88 earnings per share 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. Investors of record on Tuesday, June 16th were given a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a yield of 1.2%. The ex-dividend date was Tuesday, June 16th. Hewlett Packard Enterprise’s payout ratio is 53.27%.

Insider Activity

In other news, EVP Neil B. Macdonald sold 24,251 shares of the company’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $27.01, for a total value of $655,019.51. Following the completion of the transaction, the executive vice president owned 32,243 shares of the company’s stock, valued at $870,883.43. This represents a 42.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 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 transaction of $911,072.50. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 160,102 shares of company stock worth $5,038,662. Company insiders own 0.44% of the company’s stock.

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.