Trajan Wealth LLC Takes Position in Hewlett Packard Enterprise Company $HPE

Trajan Wealth LLC bought a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) during the second quarter, Holdings Channel reports. The firm bought 173,465 shares of the technology company’s stock, valued at approximately $7,825,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital World Investors bought a new position in Hewlett Packard Enterprise during the fourth quarter valued at about $901,751,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Hewlett Packard Enterprise in the second quarter worth about $1,027,139,000. Elliott Investment Management L.P. boosted its stake in Hewlett Packard Enterprise by 47.2% in the first quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock valued at $652,912,000 after acquiring an additional 8,790,757 shares during the last quarter. Norges Bank purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $185,969,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Hewlett Packard Enterprise during the 2nd quarter valued at approximately $322,718,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HPE has been the topic of a number of research reports. Wells Fargo & Company lifted their price target on shares of Hewlett Packard Enterprise from $26.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 2nd. Zacks Research lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Susquehanna raised their target price on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. Loop Capital upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and boosted their target price for the company from $23.00 to $75.00 in a research note on Tuesday, June 2nd. Finally, Argus upped their price target on Hewlett Packard Enterprise from $30.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.80.

Insider Buying and Selling

In other Hewlett Packard Enterprise 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Stock Down 1.9%

HPE opened at $52.44 on Tuesday. 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 $69.44 billion, a PE ratio of 49.01, a price-to-earnings-growth ratio of 0.58 and a beta of 1.42. 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 50 day moving average of $48.98 and a 200 day moving average of $36.00.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results 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 business had revenue of $10.68 billion for the quarter, compared to analysts’ expectations of $9.78 billion. During the same quarter in the previous year, the firm posted ($0.82) EPS. The business’s revenue for the quarter 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, sell-side analysts expect that Hewlett Packard Enterprise Company will post 2.9 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors 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 dividend on an annualized basis and a yield of 1.1%. Hewlett Packard Enterprise’s dividend payout ratio is 53.27%.

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.