Hewlett Packard Enterprise Company $HPE Shares Sold by Merit Financial Group LLC

Merit Financial Group LLC decreased its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 52.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,811 shares of the technology company’s stock after selling 73,903 shares during the quarter. Merit Financial Group LLC’s holdings in Hewlett Packard Enterprise were worth $3,014,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Sax Wealth Advisors LLC boosted its position in Hewlett Packard Enterprise by 2.9% in the 2nd quarter. Sax Wealth Advisors LLC now owns 8,782 shares of the technology company’s stock worth $396,000 after purchasing an additional 244 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Hewlett Packard Enterprise by 5.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 7,180 shares of the technology company’s stock valued at $324,000 after purchasing an additional 355 shares in the last quarter. Investment Research Partners LLC lifted its stake in shares of Hewlett Packard Enterprise by 2.0% in the 4th quarter. Investment Research Partners LLC now owns 21,925 shares of the technology company’s stock valued at $527,000 after purchasing an additional 423 shares during the period. D.A. Davidson & CO. lifted its stake in shares of Hewlett Packard Enterprise by 4.5% in the 1st quarter. D.A. Davidson & CO. now owns 9,998 shares of the technology company’s stock valued at $238,000 after purchasing an additional 429 shares during the period. Finally, Compound Planning Inc. boosted its holdings in Hewlett Packard Enterprise by 2.4% during the first quarter. Compound Planning Inc. now owns 18,951 shares of the technology company’s stock worth $451,000 after buying an additional 446 shares in the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Up 8.1%

HPE stock opened at $58.78 on Thursday. Hewlett Packard Enterprise Company has a 52 week low of $19.84 and a 52 week high of $64.25. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. The firm has a 50-day simple moving average of $47.90 and a 200-day simple moving average of $34.10. The stock has a market capitalization of $77.84 billion, a P/E ratio of 54.93, a P/E/G ratio of 0.59 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share 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 firm had revenue of $10.68 billion for the quarter, compared to analyst estimates of $9.78 billion. During the same period last year, the company posted ($0.82) EPS. Hewlett Packard Enterprise’s quarterly 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 analysts forecast that Hewlett Packard Enterprise Company will post 2.9 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th were given a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Tuesday, June 16th. Hewlett Packard Enterprise’s dividend payout ratio is 53.27%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HPE shares. 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 report on Tuesday, June 2nd. Raymond James Financial increased their target price on shares of Hewlett Packard Enterprise from $29.00 to $74.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. lifted their price target on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Wells Fargo & Company upped their price target on Hewlett Packard Enterprise from $26.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 2nd. Finally, Wall Street Zen upgraded Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 10th. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and a consensus target price of $69.80.

Insiders Place Their Bets

In related news, SVP Kirt P. Karros sold 18,785 shares of the company’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise 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.