Meeder Asset Management Inc. Buys New Position in Hewlett Packard Enterprise Company $HPE

Meeder Asset Management Inc. purchased a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) in the 2nd quarter, HoldingsChannel reports. The firm purchased 45,099 shares of the technology company’s stock, valued at approximately $2,034,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Tiemann Investment Advisors LLC bought a new position in Hewlett Packard Enterprise during the second quarter worth $281,000. Citizens Financial Group Inc. RI acquired a new stake in Hewlett Packard Enterprise during the 2nd quarter worth about $1,580,000. MidFirst Bank bought a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth about $727,000. Occidental Asset Management LLC bought a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth about $949,000. Finally, Pallas Capital Advisors LLC acquired a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at about $2,009,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 18,785 shares of the business’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Barclays raised their target price on Hewlett Packard Enterprise from $28.00 to $67.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Raymond James Financial boosted their price target on Hewlett Packard Enterprise from $29.00 to $74.00 and gave the company an “outperform” rating in a research note on Tuesday, June 2nd. Weiss Ratings upgraded Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 29th. 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, JPMorgan Chase & Co. boosted their target price on shares of Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $69.80.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $55.68 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.72. The company has a fifty day simple moving average of $48.52 and a 200 day simple moving average of $35.13. Hewlett Packard Enterprise Company has a 12-month low of $19.84 and a 12-month high of $64.25. The company has a market cap of $73.73 billion, a P/E ratio of 52.04, a PEG ratio of 0.63 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data 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. The firm had revenue of $10.68 billion for the quarter, compared to analyst estimates of $9.78 billion. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The business’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.82) earnings per share. 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 predict that Hewlett Packard Enterprise Company will post 2.9 earnings per share for the current fiscal 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 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 yield of 1.0%. Hewlett Packard Enterprise’s payout ratio is 53.27%.

Hewlett Packard Enterprise 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.