Vise Technologies Inc. Buys Shares of 56,728 Hewlett Packard Enterprise Company $HPE

Vise Technologies Inc. purchased a new position in Hewlett Packard Enterprise Company (NYSE:HPE) in the second quarter, Holdings Channel reports. The fund purchased 56,728 shares of the technology company’s stock, valued at approximately $2,559,000.

A number of other hedge funds have also made changes to their positions in the stock. Headlands Technologies LLC bought a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at approximately $26,000. SJS Investment Consulting Inc. boosted its position in Hewlett Packard Enterprise by 159.5% during the first quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock worth $28,000 after purchasing an additional 716 shares during the period. Union Savings Bank acquired a new position in Hewlett Packard Enterprise during the fourth quarter valued at approximately $30,000. Reflection Asset Management acquired a new position in Hewlett Packard Enterprise during the fourth quarter valued at approximately $31,000. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Up 1.1%

Shares of Hewlett Packard Enterprise stock opened at $53.48 on Friday. Hewlett Packard Enterprise Company has a 1 year low of $19.84 and a 1 year high of $64.25. The company’s fifty day simple moving average is $48.90 and its 200-day simple moving average is $35.69. The company has a market cap of $70.82 billion, a price-to-earnings ratio of 49.98, 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 released its earnings results on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $9.78 billion. During the same period in the prior year, the company earned ($0.82) EPS. The business’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. As a group, sell-side analysts expect that Hewlett Packard Enterprise Company will post 2.9 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

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

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, SVP Kirt P. Karros sold 18,785 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $48.50, for a total value of $911,072.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HPE. Wall Street Zen lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $71.00 to $69.00 in a research report on Monday, August 10th. Bank of America upped their price target on shares of Hewlett Packard Enterprise from $38.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Sanford C. Bernstein lifted their price objective on Hewlett Packard Enterprise from $35.00 to $62.00 and gave the stock a “market perform” rating in a research note on Tuesday, June 2nd. Finally, Raymond James Financial boosted their price objective on Hewlett Packard Enterprise from $29.00 to $74.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 2nd. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and an average price target of $69.80.

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.