Wealthfront Advisers LLC Makes New $6.04 Million Investment in Hewlett Packard Enterprise Company $HPE

Wealthfront Advisers LLC bought a new stake in Hewlett Packard Enterprise Company (NYSE:HPE) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 133,988 shares of the technology company’s stock, valued at approximately $6,044,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in HPE. Sax Wealth Advisors LLC grew its position in shares of Hewlett Packard Enterprise by 2.9% during the 2nd quarter. Sax Wealth Advisors LLC now owns 8,782 shares of the technology company’s stock worth $396,000 after buying an additional 244 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of Hewlett Packard Enterprise by 5.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 7,180 shares of the technology company’s stock valued at $324,000 after buying an additional 355 shares in the last quarter. Investment Research Partners LLC raised its stake in Hewlett Packard Enterprise by 2.0% during the 4th quarter. Investment Research Partners LLC now owns 21,925 shares of the technology company’s stock worth $527,000 after buying an additional 423 shares during the period. D.A. Davidson & CO. lifted its holdings in Hewlett Packard Enterprise by 4.5% during the first quarter. D.A. Davidson & CO. now owns 9,998 shares of the technology company’s stock worth $238,000 after acquiring an additional 429 shares in the last quarter. Finally, Compound Planning Inc. grew its stake in Hewlett Packard Enterprise by 2.4% in the first quarter. Compound Planning Inc. now owns 18,951 shares of the technology company’s stock valued at $451,000 after acquiring an additional 446 shares during the period. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Kirt P. Karros sold 18,785 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $48.50, for a total transaction of $911,072.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Price Performance

NYSE:HPE opened at $52.93 on Friday. The stock has a market capitalization of $70.09 billion, a PE ratio of 49.47, a P/E/G ratio of 0.57 and a beta of 1.42. Hewlett Packard Enterprise Company has a 1-year low of $19.84 and a 1-year high of $64.25. The firm has a fifty day simple moving average of $48.80 and a 200 day simple moving average of $35.57. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.72.

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 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 analyst estimates of $9.78 billion. During the same period in the prior year, the firm posted ($0.82) earnings per share. The company’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. On average, research analysts expect that Hewlett Packard Enterprise Company will post 2.9 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th were paid a $0.1425 dividend. This represents a $0.57 annualized dividend and a yield of 1.1%. The ex-dividend date was Tuesday, June 16th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 53.27%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HPE. Truist Financial restated a “buy” rating and issued a $69.00 price target (up from $31.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $71.00 to $69.00 in a research note on Monday, August 10th. JPMorgan Chase & Co. lifted their price target on shares of Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Zacks Research lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Finally, Weiss Ratings raised shares of Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 29th. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $69.80.

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.