Kestra Advisory Services LLC Boosts Position in Hewlett Packard Enterprise Company $HPE

Kestra Advisory Services LLC raised its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 14.2% in the first quarter, HoldingsChannel reports. The firm owned 141,814 shares of the technology company’s stock after acquiring an additional 17,590 shares during the period. Kestra Advisory Services LLC’s holdings in Hewlett Packard Enterprise were worth $3,377,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. SJS Investment Consulting Inc. lifted its stake in shares of Hewlett Packard Enterprise by 159.5% during the 1st 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 last quarter. Headlands Technologies LLC acquired a new stake in Hewlett Packard Enterprise in the 2nd quarter worth approximately $26,000. Union Savings Bank purchased a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at $30,000. Reflection Asset Management purchased a new stake in Hewlett Packard Enterprise during the 4th quarter valued at about $31,000. Finally, Thompson Investment Management Inc. purchased a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analyst Ratings Changes

HPE has been the topic of a number of recent research reports. Susquehanna upped their target price on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. The Goldman Sachs Group boosted their target price on shares of Hewlett Packard Enterprise from $32.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Barclays boosted their price target on Hewlett Packard Enterprise from $28.00 to $67.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Wells Fargo & Company upped their price objective on shares of Hewlett Packard Enterprise from $26.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 2nd. Finally, Citigroup raised their target price on Hewlett Packard Enterprise from $39.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of “Moderate Buy” and an average target price of $64.65.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP Neil B. Macdonald sold 24,251 shares of the company’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $27.01, for a total transaction of $655,019.51. Following the transaction, the executive vice president owned 32,243 shares of the company’s stock, valued at $870,883.43. This represents a 42.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Kirt P. Karros sold 18,785 shares of the company’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $48.50, for a total transaction of $911,072.50. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 160,102 shares of company stock worth $5,038,662 in the last three months. 0.44% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $45.81 on Friday. The firm has a market capitalization of $60.67 billion, a price-to-earnings ratio of 42.82, a PEG ratio of 0.49 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. The firm’s fifty day simple moving average is $43.63 and its 200-day simple moving average is $30.58. Hewlett Packard Enterprise Company has a twelve month low of $19.64 and a twelve month high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.25. The business 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 revenue was up 40.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.82) EPS. 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 2.88 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th were paid a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, June 16th. Hewlett Packard Enterprise’s payout ratio 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.