Wolf Hill Capital Management LP Takes Position in Hewlett Packard Enterprise Company $HPE

Wolf Hill Capital Management LP bought a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,861,506 shares of the technology company’s stock, valued at approximately $83,972,536. Hewlett Packard Enterprise comprises 0.0% of Wolf Hill Capital Management LP’s holdings, making the stock its 4th largest holding. Wolf Hill Capital Management LP owned approximately 0.14% of Hewlett Packard Enterprise as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of HPE. Freemont Management S.A. increased its stake in Hewlett Packard Enterprise by 197.1% during the 4th quarter. Freemont Management S.A. now owns 217,200 shares of the technology company’s stock valued at $5,217,000 after purchasing an additional 144,100 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Hewlett Packard Enterprise by 60.2% in the 4th quarter. CIBC Asset Management Inc now owns 337,691 shares of the technology company’s stock valued at $8,111,000 after acquiring an additional 126,938 shares during the last quarter. Irenic Capital Management LP bought a new position in shares of Hewlett Packard Enterprise in the first quarter worth about $18,691,000. Vanguard Group Inc. lifted its stake in shares of 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 worth $4,156,870,000 after buying an additional 1,917,719 shares during the period. Finally, Banque Cantonale Vaudoise increased its stake in Hewlett Packard Enterprise by 73.6% during the 4th quarter. Banque Cantonale Vaudoise now owns 234,456 shares of the technology company’s stock worth $5,632,000 after buying an additional 99,412 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Kirt P. Karros sold 18,785 shares of Hewlett Packard Enterprise stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on HPE shares. Loop Capital raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and upped their target price for the company from $23.00 to $75.00 in a report on Tuesday, June 2nd. The Goldman Sachs Group lifted their target price on shares of Hewlett Packard Enterprise from $32.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Sanford C. Bernstein upped their target price on shares of 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. Wall Street Zen cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 22nd. Finally, JPMorgan Chase & Co. upped their target price on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.80.

Hewlett Packard Enterprise Stock Down 3.9%

Shares of NYSE HPE traded down $2.12 during mid-day trading on Friday, hitting $52.29. The company had a trading volume of 8,050,031 shares, compared to its average volume of 20,463,119. The business’s 50-day simple moving average is $49.36 and its 200 day simple moving average is $36.66. Hewlett Packard Enterprise Company has a 1-year low of $19.84 and a 1-year high of $64.25. The company has a market capitalization of $69.24 billion, a PE ratio of 48.87, a price-to-earnings-growth ratio of 0.59 and a beta of 1.42. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75.

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, topping analysts’ consensus estimates of $0.54 by $0.25. The company had revenue of $10.68 billion for the quarter, compared to analysts’ expectations of $9.78 billion. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The firm’s quarterly revenue was up 40.0% on a year-over-year basis. During the same quarter in the previous 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. On average, analysts predict that Hewlett Packard Enterprise Company will post 2.92 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th were issued a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 16th. Hewlett Packard Enterprise’s dividend payout ratio is presently 53.27%.

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.