Cibc World Market Inc. Takes $17.22 Million Position in Hewlett Packard Enterprise Company $HPE

Cibc World Market Inc. bought a new stake in Hewlett Packard Enterprise Company (NYSE:HPE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 381,635 shares of the technology company’s stock, valued at approximately $17,216,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Freemont Management S.A. raised its holdings in shares of Hewlett Packard Enterprise by 197.1% in the 4th quarter. Freemont Management S.A. now owns 217,200 shares of the technology company’s stock worth $5,217,000 after buying an additional 144,100 shares in the last quarter. CIBC Asset Management Inc boosted its stake 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 buying an additional 126,938 shares in the last quarter. Irenic Capital Management LP bought a new stake in Hewlett Packard Enterprise in the first quarter valued at $18,691,000. Vanguard Group Inc. grew its position in Hewlett Packard Enterprise by 1.1% in 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 acquiring an additional 1,917,719 shares during the period. Finally, Banque Cantonale Vaudoise raised its stake in Hewlett Packard Enterprise by 73.6% during the fourth quarter. Banque Cantonale Vaudoise now owns 234,456 shares of the technology company’s stock worth $5,632,000 after acquiring an additional 99,412 shares in the last quarter. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE:HPE opened at $52.44 on Tuesday. The business has a fifty day moving average of $48.98 and a 200-day moving average of $36.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.75 and a current ratio of 1.09. Hewlett Packard Enterprise Company has a twelve month low of $19.84 and a twelve month high of $64.25. The firm has a market cap of $69.44 billion, a PE ratio of 49.01, a price-to-earnings-growth ratio of 0.58 and a beta of 1.42.

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 firm had revenue of $10.68 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior 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. On average, equities research analysts predict that Hewlett Packard Enterprise Company will post 2.9 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th were issued a $0.1425 dividend. 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 (DPR) is currently 53.27%.

Wall Street Analyst Weigh In

HPE has been the topic of several recent analyst reports. Citigroup boosted their target price on shares of Hewlett Packard Enterprise from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. increased their target price on shares of Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. UBS Group lifted their price target on shares of Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. Bank of America boosted their price target on shares of Hewlett Packard Enterprise from $38.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Finally, Susquehanna raised their price objective on shares of Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.80.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 18,785 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total transaction of $911,072.50. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by company insiders.

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.