Meeder Advisory Services Inc. Invests $1.51 Million in Hewlett Packard Enterprise Company $HPE

Meeder Advisory Services Inc. purchased a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 33,461 shares of the technology company’s stock, valued at approximately $1,509,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in Hewlett Packard Enterprise during the 2nd quarter valued at $26,000. SJS Investment Consulting Inc. increased its holdings in shares of Hewlett Packard Enterprise by 159.5% in 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 in the last quarter. Union Savings Bank purchased a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth $30,000. Reflection Asset Management purchased a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth $31,000. Finally, WealthCollab LLC lifted its holdings in shares of Hewlett Packard Enterprise by 121.8% during the fourth quarter. WealthCollab LLC now owns 1,657 shares of the technology company’s stock valued at $40,000 after purchasing an additional 910 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Insider Activity

In other news, SVP Kirt P. Karros sold 18,785 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $48.50, for a total transaction of $911,072.50. The sale was disclosed in a 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. 0.44% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $53.12 on Thursday. The company has a 50-day moving average price of $48.67 and a 200-day moving average price of $35.35. Hewlett Packard Enterprise Company has a 52 week low of $19.84 and a 52 week high of $64.25. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $70.34 billion, a P/E ratio of 49.64, a PEG ratio of 0.60 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 earnings per share (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 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 firm’s revenue was up 40.0% compared to the same quarter last year. During the same quarter last 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. Equities research analysts anticipate 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 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 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, June 16th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 53.27%.

Analyst Upgrades and Downgrades

Several research firms recently commented on HPE. Truist Financial reaffirmed a “buy” rating and set a $69.00 price objective (up from $31.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, June 2nd. UBS Group upped their target price on shares of Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Argus upped their target price on shares of Hewlett Packard Enterprise from $30.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Weiss Ratings raised shares of Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 29th. Finally, The Goldman Sachs Group lifted their price target 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. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $69.80.

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.