Kayne Anderson Rudnick Investment Management LLC Purchases 8,507 Shares of Hewlett Packard Enterprise Company $HPE

Kayne Anderson Rudnick Investment Management LLC lifted its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 386.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 10,708 shares of the technology company’s stock after purchasing an additional 8,507 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Hewlett Packard Enterprise were worth $165,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC bought a new stake in Hewlett Packard Enterprise during the 1st quarter worth about $301,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Hewlett Packard Enterprise by 22.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,320 shares of the technology company’s stock worth $2,421,000 after acquiring an additional 28,123 shares during the last quarter. OneDigital Investment Advisors LLC bought a new stake in Hewlett Packard Enterprise during the 1st quarter worth about $164,000. Farther Finance Advisors LLC grew its holdings in Hewlett Packard Enterprise by 2.3% during the 1st quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company’s stock worth $492,000 after acquiring an additional 699 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in Hewlett Packard Enterprise by 21.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 14,108 shares of the technology company’s stock worth $218,000 after acquiring an additional 2,466 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on HPE shares. Wells Fargo & Company increased their price objective on shares of Hewlett Packard Enterprise from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Thursday, July 3rd. KeyCorp assumed coverage on shares of Hewlett Packard Enterprise in a report on Thursday, June 26th. They set a “sector weight” rating on the stock. Loop Capital upped their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Monday, June 9th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Finally, Wolfe Research assumed coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They set a “peer perform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $23.27.

Insiders Place Their Bets

In other news, SVP Jeremy Cox sold 68,590 shares of the firm’s stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $18.44, for a total transaction of $1,264,799.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Phil Mottram sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $20.54, for a total transaction of $616,200.00. Following the transaction, the executive vice president directly owned 42,427 shares of the company’s stock, valued at $871,450.58. This represents a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 295,256 shares of company stock worth $6,189,318. Company insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE:HPE opened at $22.76 on Thursday. The company has a market capitalization of $29.86 billion, a price-to-earnings ratio of 22.99, a P/E/G ratio of 3.27 and a beta of 1.37. The firm’s 50 day simple moving average is $20.59 and its 200 day simple moving average is $18.33. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. The business had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.51 billion. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. Hewlett Packard Enterprise’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the company posted $0.42 EPS. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.780-1.900 EPS. Q3 2025 guidance at 0.400-0.450 EPS. As a group, sell-side analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.3%. The ex-dividend date was Wednesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 52.53%.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.