PDT Partners LLC Invests $5.20 Million in Hewlett Packard Enterprise Company $HPE

PDT Partners LLC purchased a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 115,200 shares of the technology company’s stock, valued at approximately $5,197,000.

A number of other hedge funds have also modified their holdings of HPE. Vanguard Group Inc. raised its stake in shares of Hewlett Packard Enterprise by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company’s stock worth $4,156,870,000 after purchasing an additional 1,917,719 shares during the last quarter. Capital World Investors purchased a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $901,751,000. Geode Capital Management LLC increased its holdings in Hewlett Packard Enterprise by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 34,869,143 shares of the technology company’s stock worth $835,626,000 after buying an additional 431,728 shares during the period. Elliott Investment Management L.P. increased its holdings in Hewlett Packard Enterprise by 47.2% in the 1st quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock worth $652,912,000 after buying an additional 8,790,757 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Hewlett Packard Enterprise during the 2nd quarter worth approximately $1,027,139,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Susquehanna lifted their price objective on shares of Hewlett Packard Enterprise from $21.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Zacks Research cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Truist Financial restated a “buy” rating and set a $69.00 target price (up from $31.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, June 2nd. Citigroup upped their price target on shares of Hewlett Packard Enterprise from $70.00 to $74.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, Bank of America increased their price target on Hewlett Packard Enterprise from $38.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.80.

Insider Activity

In other news, SVP Kirt P. Karros sold 18,785 shares of the 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Price Performance

NYSE:HPE opened at $53.44 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75. The firm has a market cap of $70.77 billion, a price-to-earnings ratio of 49.94, a price-to-earnings-growth ratio of 0.56 and a beta of 1.42. The company has a 50 day moving average price of $49.08 and a 200-day moving average price of $36.22. Hewlett Packard Enterprise Company has a 1-year low of $19.84 and a 1-year high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $9.78 billion. During the same period in the previous year, the business posted ($0.82) EPS. The business’s 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. Equities research analysts forecast that Hewlett Packard Enterprise Company will post 2.9 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

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

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.