OMERS ADMINISTRATION Corp Makes New $6.64 Million Investment in Hewlett Packard Enterprise Company $HPE

OMERS ADMINISTRATION Corp acquired a new stake in Hewlett Packard Enterprise Company (NYSE:HPE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 147,115 shares of the technology company’s stock, valued at approximately $6,636,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HPE. 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 holdings in Hewlett Packard Enterprise by 159.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock valued at $28,000 after acquiring an additional 716 shares in the last quarter. Union Savings Bank acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth about $30,000. Reflection Asset Management acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $31,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at $40,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Down 1.9%

HPE stock opened at $52.44 on Tuesday. The firm has a market cap of $69.44 billion, a price-to-earnings ratio of 49.01, a PEG ratio of 0.58 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 moving average price of $48.98 and a two-hundred day moving average price of $36.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75.

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 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 company 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 posted ($0.82) EPS. The company’s revenue for the quarter 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. Research analysts predict that Hewlett Packard Enterprise Company will post 2.9 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently issued reports on HPE shares. Wells Fargo & Company upped their price objective 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. JPMorgan Chase & Co. raised their price target on shares of Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. UBS Group increased their price target on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. Piper Sandler reaffirmed a “neutral” rating and issued a $63.00 price objective (up from $23.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, June 2nd. Finally, Wall Street Zen lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Saturday. 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, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and an average target price of $69.80.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, SVP Kirt P. Karros sold 18,785 shares of the firm’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 value of $911,072.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.44% of the company’s stock.

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.