15,021 Shares in Hewlett Packard Enterprise Company $HPE Purchased by Diversify Advisory Services LLC

Diversify Advisory Services LLC bought a new position in Hewlett Packard Enterprise Company (NYSE:HPE) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 15,021 shares of the technology company’s stock, valued at approximately $724,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sax Wealth Advisors LLC increased its position in shares of Hewlett Packard Enterprise by 2.9% in the second 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 during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Hewlett Packard Enterprise by 5.2% during the second 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 during the last quarter. Investment Research Partners LLC grew its stake in 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 worth $527,000 after buying an additional 423 shares in the last quarter. D.A. Davidson & CO. increased its holdings 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 worth $238,000 after buying an additional 429 shares during the last quarter. Finally, Compound Planning Inc. increased its holdings in shares of Hewlett Packard Enterprise by 2.4% in the 1st quarter. Compound Planning Inc. now owns 18,951 shares of the technology company’s stock worth $451,000 after buying an additional 446 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Kirt P. Karros sold 18,785 shares of Hewlett Packard Enterprise 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 sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.44% of the company’s stock.

Analyst Upgrades and Downgrades

HPE has been the subject of a number of research analyst reports. Sanford C. Bernstein lifted their price objective on shares of Hewlett Packard Enterprise from $35.00 to $62.00 and gave the stock a “market perform” rating in a report on Tuesday, June 2nd. Raymond James Financial lifted their price target on Hewlett Packard Enterprise from $29.00 to $74.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 2nd. Argus upped their price objective on Hewlett Packard Enterprise from $30.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $71.00 to $69.00 in a research report on Monday, August 10th. Finally, Barclays raised their price objective on Hewlett Packard Enterprise from $28.00 to $67.00 and gave the company an “overweight” rating in a 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.80.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $52.93 on Friday. The firm’s 50-day moving average price is $48.80 and its two-hundred day moving average price is $35.57. Hewlett Packard Enterprise Company has a 12-month low of $19.84 and a 12-month high of $64.25. The stock has a market capitalization of $70.09 billion, a price-to-earnings ratio of 49.47, a PEG ratio of 0.57 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.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.54 by $0.25. The firm had revenue of $10.68 billion during 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%. The company’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($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. As a group, equities analysts predict that Hewlett Packard Enterprise Company will post 2.9 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

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