NFJ Investment Group LLC Makes New Investment in Hewlett Packard Enterprise Company $HPE

NFJ Investment Group LLC bought a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) in the second quarter, Holdings Channel reports. The fund bought 692,260 shares of the technology company’s stock, valued at approximately $31,228,000.

Several other hedge funds and other institutional investors have also made changes to their positions in HPE. Silvant Capital Management LLC acquired a new stake in shares of Hewlett Packard Enterprise in the second quarter worth approximately $175,000. Mystic Asset Management Inc. acquired a new position in Hewlett Packard Enterprise in the 2nd quarter valued at $470,000. D L Carlson Investment Group Inc. acquired a new position in Hewlett Packard Enterprise in the 2nd quarter valued at $8,537,000. Hara Capital LLC purchased a new position in Hewlett Packard Enterprise in the 2nd quarter valued at $59,000. Finally, Advisors Capital Management LLC acquired a new stake in Hewlett Packard Enterprise during the 2nd quarter worth $426,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Buying and Selling

In related news, SVP Kirt P. Karros sold 18,785 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was 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 SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Trading Down 0.4%

Shares of HPE opened at $52.93 on Friday. Hewlett Packard Enterprise Company has a 12-month low of $19.84 and a 12-month high of $64.25. The firm has a market capitalization of $70.09 billion, a P/E ratio of 49.47, a P/E/G ratio of 0.57 and a beta of 1.42. The firm has a 50-day moving average price of $48.80 and a 200 day moving average price of $35.57. 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 issued its earnings results 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 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%. Hewlett Packard Enterprise’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($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. Sell-side analysts forecast that Hewlett Packard Enterprise Company will post 2.9 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared 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. This represents a $0.57 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 16th. Hewlett Packard Enterprise’s payout ratio is presently 53.27%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HPE. Loop Capital upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and increased their target price for the company from $23.00 to $75.00 in a research report on Tuesday, June 2nd. Truist Financial restated a “buy” rating and set a $69.00 price target (up from $31.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, June 2nd. Sanford C. Bernstein upped their price objective on shares of Hewlett Packard Enterprise from $35.00 to $62.00 and gave the company a “market perform” rating in a research note on Tuesday, June 2nd. Citigroup increased their price objective on shares of Hewlett Packard Enterprise from $70.00 to $74.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, Zacks Research lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 3rd. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.