Foster & Motley Inc. Purchases Shares of 219,171 Hewlett Packard Enterprise Company $HPE

Foster & Motley Inc. purchased a new position in Hewlett Packard Enterprise Company (NYSE:HPE) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 219,171 shares of the technology company’s stock, valued at approximately $9,887,000.

A number of other institutional investors have also recently made changes to their positions in the company. RHS Financial LLC bought a new stake in shares of Hewlett Packard Enterprise in the second quarter worth about $594,000. Meeder Advisory Services Inc. bought a new position in Hewlett Packard Enterprise during the second quarter valued at approximately $1,509,000. Meeder Asset Management Inc. bought a new position in Hewlett Packard Enterprise during the second quarter valued at approximately $2,034,000. Tiemann Investment Advisors LLC purchased a new position in Hewlett Packard Enterprise during the 2nd quarter valued at approximately $281,000. Finally, Citizens Financial Group Inc. RI bought a new stake in Hewlett Packard Enterprise in the 2nd quarter worth approximately $1,580,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE:HPE opened at $55.68 on Wednesday. The firm has a market cap of $73.73 billion, a PE ratio of 52.04, a price-to-earnings-growth ratio of 0.63 and a beta of 1.42. The firm’s 50 day simple moving average is $48.52 and its 200-day simple moving average is $35.13. Hewlett Packard Enterprise Company has a one year low of $19.84 and a one year high of $64.25. 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 released its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.25. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The firm had revenue of $10.68 billion for the quarter, compared to the consensus estimate of $9.78 billion. During the same period last year, the firm earned ($0.82) earnings per share. The company’s quarterly 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. As a group, equities analysts predict that Hewlett Packard Enterprise Company will post 2.9 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th were issued a $0.1425 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.0%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 53.27%.

Insider Activity

In related news, SVP Kirt P. Karros sold 18,785 shares of the firm’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on HPE. Citigroup lifted their price objective on shares of Hewlett Packard Enterprise from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Piper Sandler reaffirmed a “neutral” rating and issued a $63.00 price target (up from $23.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. JPMorgan Chase & Co. lifted their price target on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $71.00 to $69.00 in a research report on Monday, August 10th. Finally, Sanford C. Bernstein raised their price objective on Hewlett Packard Enterprise from $35.00 to $62.00 and gave the company a “market perform” rating in a research note on Tuesday, June 2nd. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.80.

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.