Edgestream Partners L.P. Buys 49,594 Shares of Hewlett Packard Enterprise Company $HPE

Edgestream Partners L.P. grew its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 586.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,044 shares of the technology company’s stock after acquiring an additional 49,594 shares during the quarter. Edgestream Partners L.P.’s holdings in Hewlett Packard Enterprise were worth $1,382,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in HPE. Vanguard Group Inc. lifted its position in Hewlett Packard Enterprise by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company’s stock valued at $4,156,870,000 after purchasing an additional 1,917,719 shares during the period. Capital World Investors bought a new stake in Hewlett Packard Enterprise in the 4th quarter worth approximately $901,751,000. Geode Capital Management LLC grew its position 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 purchasing an additional 431,728 shares during the period. Elliott Investment Management L.P. raised its stake in Hewlett Packard Enterprise by 47.2% during the 1st quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock valued at $652,912,000 after buying an additional 8,790,757 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Hewlett Packard Enterprise during the 4th quarter valued at $433,537,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Price Performance

Shares of Hewlett Packard Enterprise stock opened at $50.32 on Tuesday. The stock has a market cap of $66.64 billion, a P/E ratio of 47.03, a P/E/G ratio of 0.52 and a beta of 1.42. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.75 and a current ratio of 1.09. The stock’s fifty day moving average is $46.63 and its 200 day moving average is $32.48. Hewlett Packard Enterprise Company has a one year low of $19.64 and a one year high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly 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. The business had revenue of $10.68 billion during the quarter, compared to analyst estimates of $9.78 billion. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.Hewlett Packard Enterprise’s revenue for the quarter was up 40.0% on a year-over-year basis. During the same quarter in the previous year, the company 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. Sell-side analysts anticipate that Hewlett Packard Enterprise Company will post 2.88 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th were paid a dividend of $0.1425 per share. 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 payout ratio is 53.27%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HPE. Argus raised their price target on Hewlett Packard Enterprise from $30.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Citigroup upped their price objective on Hewlett Packard Enterprise from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Susquehanna increased their target price on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. Loop Capital raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and raised their target price for the stock from $23.00 to $75.00 in a research report on Tuesday, June 2nd. Finally, Truist Financial restated a “buy” rating and set a $69.00 price target (up from $31.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and an average target price of $67.31.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 18,785 shares of the firm’s stock in a transaction that occurred on 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 legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.44% of the company’s stock.

About Hewlett Packard Enterprise

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.