Palouse Capital Management Inc. Acquires Shares of 87,604 Hewlett Packard Enterprise Company $HPE

Palouse Capital Management Inc. bought a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 87,604 shares of the technology company’s stock, valued at approximately $2,086,000.

Other large investors have also modified their holdings of the company. IFM Investors Pty Ltd grew its holdings in shares of Hewlett Packard Enterprise by 5.2% during the first quarter. IFM Investors Pty Ltd now owns 364,994 shares of the technology company’s stock worth $8,691,000 after buying an additional 18,044 shares in the last quarter. Impact Partnership Wealth LLC lifted its stake in shares of Hewlett Packard Enterprise by 87.7% in the first quarter. Impact Partnership Wealth LLC now owns 30,658 shares of the technology company’s stock worth $730,000 after buying an additional 14,325 shares in the last quarter. SJS Investment Consulting Inc. lifted its stake in shares of Hewlett Packard Enterprise by 159.5% in the first quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock worth $28,000 after buying an additional 716 shares in the last quarter. Apollon Wealth Management LLC boosted its position in Hewlett Packard Enterprise by 92.0% during the first quarter. Apollon Wealth Management LLC now owns 72,407 shares of the technology company’s stock worth $1,724,000 after acquiring an additional 34,699 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in Hewlett Packard Enterprise during the first quarter worth about $1,612,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on HPE. Truist Financial reiterated a “buy” rating and issued a $69.00 price objective (up from $31.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. Zacks Research upgraded Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 10th. Weiss Ratings upgraded Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Wall Street Zen raised Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. increased their price target on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and an average target price of $64.65.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $43.95 on Thursday. Hewlett Packard Enterprise Company has a 12-month low of $19.64 and a 12-month high of $64.25. The stock has a market cap of $58.20 billion, a P/E ratio of 41.07, a PEG ratio of 0.49 and a beta of 1.42. The company has a 50-day moving average price of $39.68 and a 200 day moving average price of $28.83. 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 issued its earnings results on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.25. The company had revenue of $10.68 billion for the quarter, compared to the consensus estimate of $9.78 billion. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. Hewlett Packard Enterprise’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.82) earnings per share. 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. Sell-side analysts anticipate that Hewlett Packard Enterprise Company will post 2.88 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, June 16th. Hewlett Packard Enterprise’s payout ratio is presently 53.27%.

Insider Transactions at Hewlett Packard Enterprise

In related news, CEO Antonio F. Neri sold 150,000 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $26.50, for a total value of $3,975,000.00. Following the transaction, the chief executive officer directly owned 1,687,329 shares in the company, valued at approximately $44,714,218.50. This represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Kirt P. Karros sold 18,785 shares of the 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 310,102 shares of company stock valued at $9,013,662 in the last ninety days. 0.44% of the stock is currently owned by corporate insiders.

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.