Oslo Pensjonsforsikring AS acquired a new position in Hewlett Packard Enterprise Company (NYSE:HPE – Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 13,189 shares of the technology company’s stock, valued at approximately $314,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter worth about $26,000. SJS Investment Consulting Inc. increased its stake in shares of Hewlett Packard Enterprise by 159.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock worth $28,000 after acquiring an additional 716 shares in the last quarter. Union Savings Bank purchased a new position in Hewlett Packard Enterprise during the 4th quarter valued at about $30,000. Reflection Asset Management purchased a new position in Hewlett Packard Enterprise during the 4th quarter valued at about $31,000. Finally, Thompson Investment Management Inc. bought a new stake in Hewlett Packard Enterprise during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.
Hewlett Packard Enterprise Stock Performance
Shares of HPE stock opened at $48.26 on Thursday. The company has a market capitalization of $63.91 billion, a price-to-earnings ratio of 45.10, a price-to-earnings-growth ratio of 0.51 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. Hewlett Packard Enterprise Company has a one year low of $19.64 and a one year high of $64.25. The company’s 50-day moving average is $44.56 and its 200 day moving average is $31.10.
Hewlett Packard Enterprise Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th were issued a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, June 16th. Hewlett Packard Enterprise’s payout ratio is presently 53.27%.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. Wells Fargo & Company raised their target price on shares of Hewlett Packard Enterprise from $26.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 2nd. Barclays boosted their price target on Hewlett Packard Enterprise from $28.00 to $67.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Argus upped their price target on Hewlett Packard Enterprise from $30.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Truist Financial reaffirmed a “buy” rating and set a $69.00 price objective (up from $31.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, June 2nd. Finally, Wall Street Zen upgraded Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $67.06.
Read Our Latest Stock Report on Hewlett Packard Enterprise
More Hewlett Packard Enterprise News
Here are the key news stories impacting Hewlett Packard Enterprise this week:
- Positive Sentiment: HPE is getting a lift from renewed enthusiasm for AI servers after Super Micro’s strong preliminary update signaled that demand for AI infrastructure remains very robust, which also boosted peers like HPE and Dell. Dell, HP Enterprise Stocks Jump. How Super Micro Is Giving Them a Boost.
- Positive Sentiment: Recent coverage points to HPE’s AI order book as a key reason for the stock’s strength, suggesting investors see durable momentum in AI-related demand. What HPE Stock’s AI Order Book Was Saying Before The Surge
- Positive Sentiment: HPE also expanded its GTT partnership to launch new secure networking services, supporting the view that networking is becoming an increasingly important profit driver for the company. Hewlett Packard Enterprise (HPE) Expands GTT Partnership To Launch New Secure Networking Services
- Positive Sentiment: Another tailwind came from reports that HPE is deepening its cloud push, reinforcing investor optimism about longer-term growth beyond traditional hardware sales. Hewlett Packard Enterprise (NYSE:HPE) Deepens Cloud Push
- Neutral Sentiment: Broader market commentary suggests some AI stocks were pausing for profit-taking after a strong rebound, which may temper gains even as the longer-term AI case remains intact. Super Micro, HPE, Intel, Marvell, and More Stocks That Explain Today’s Market
- Neutral Sentiment: Analysts continue to argue the AI bull case is still alive, but this is more a thematic backdrop than a company-specific catalyst for HPE. The AI Bull Case Lives On: What You Need to Know
Insider Activity at Hewlett Packard Enterprise
In other news, SVP Kirt P. Karros sold 18,785 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total value of $911,072.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Marie Myers sold 93,583 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $30.01, for a total value of $2,808,425.83. Following the transaction, the chief financial officer directly owned 204,754 shares in the company, valued at approximately $6,144,667.54. The trade was a 31.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 118,850 shares of company stock valued at $3,908,125. 0.44% of the stock is owned by corporate insiders.
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.
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