Monetta Financial Services Inc. Makes New $947,000 Investment in Hewlett Packard Enterprise Company $HPE

Monetta Financial Services Inc. acquired a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 21,000 shares of the technology company’s stock, valued at approximately $947,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Great Lakes Advisors LLC purchased a new position in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $1,144,000. Danske Bank A S bought a new position in Hewlett Packard Enterprise in the 2nd quarter worth about $36,569,000. Diversify Advisory Services LLC purchased a new position in shares of Hewlett Packard Enterprise during the 2nd quarter valued at $724,000. Wealthfront Advisers LLC purchased a new stake in Hewlett Packard Enterprise in the second quarter valued at approximately $6,044,000. Finally, Foster & Motley Inc. purchased a new stake in Hewlett Packard Enterprise during the second quarter valued at about $9,887,000. Institutional investors own 80.78% of the company’s stock.

Insider Activity

In related news, SVP Kirt P. Karros sold 18,785 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $48.50, for a total transaction of $911,072.50. The sale 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. 0.44% of the stock is owned by insiders.

Hewlett Packard Enterprise Stock Down 4.6%

Hewlett Packard Enterprise stock opened at $53.12 on Thursday. Hewlett Packard Enterprise Company has a fifty-two week low of $19.84 and a fifty-two week high of $64.25. The business’s 50-day simple moving average is $48.67 and its two-hundred day simple moving average is $35.35. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.75 and a current ratio of 1.09. The company has a market cap of $70.34 billion, a PE ratio of 49.64, a PEG ratio of 0.60 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. 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 quarter last year, the business posted ($0.82) EPS. The company’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. Equities analysts anticipate that Hewlett Packard Enterprise Company will post 2.9 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared 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 dividend yield of 1.1%. The ex-dividend date was Tuesday, June 16th. Hewlett Packard Enterprise’s payout ratio is presently 53.27%.

Analysts Set New Price Targets

A number of research firms have issued reports on HPE. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 10th. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $71.00 to $69.00 in a report on Monday, August 10th. JPMorgan Chase & Co. upped their price objective on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Susquehanna upped their price objective on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Finally, Weiss Ratings raised Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 29th. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.