Headlands Technologies LLC Takes $1.07 Million Position in Hewlett Packard Enterprise Company $HPE

Headlands Technologies LLC acquired a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 23,774 shares of the technology company’s stock, valued at approximately $1,072,000.

A number of other hedge funds have also recently bought and sold shares of HPE. Freemont Management S.A. lifted its position in Hewlett Packard Enterprise by 197.1% during the fourth 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 during the period. CIBC Asset Management Inc grew 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 buying an additional 126,938 shares during the period. Irenic Capital Management LP purchased a new stake in Hewlett Packard Enterprise in the 1st quarter valued at about $18,691,000. Banque Cantonale Vaudoise increased its stake in shares of Hewlett Packard Enterprise by 73.6% during the 4th quarter. Banque Cantonale Vaudoise now owns 234,456 shares of the technology company’s stock valued at $5,632,000 after acquiring an additional 99,412 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its stake in shares of Hewlett Packard Enterprise by 33.0% during the 4th quarter. Handelsbanken Fonder AB now owns 615,334 shares of the technology company’s stock valued at $14,780,000 after acquiring an additional 152,810 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $50.85 on Wednesday. The company has a market cap of $67.34 billion, a price-to-earnings ratio of 47.52, a price-to-earnings-growth ratio of 0.56 and a beta of 1.43. Hewlett Packard Enterprise Company has a 12 month low of $19.84 and a 12 month high of $64.25. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75. The stock’s 50-day moving average is $49.57 and its 200-day moving average is $37.25.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results 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 business had revenue of $10.68 billion during 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 company’s revenue for the quarter was up 40.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.82) EPS. Equities analysts anticipate that Hewlett Packard Enterprise Company will post 2.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Truist Financial reissued a “buy” rating and issued a $69.00 target price (up from $31.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, June 2nd. Sanford C. Bernstein upped their price target on shares of Hewlett Packard Enterprise from $35.00 to $62.00 and gave the stock a “market perform” rating in a research report on Tuesday, June 2nd. Loop Capital raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and increased their price target for the stock from $23.00 to $75.00 in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. lifted their price target on shares of Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. Finally, UBS Group boosted their price objective 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. Twelve research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.44.

Hewlett Packard Enterprise News Summary

Here are the key news stories impacting Hewlett Packard Enterprise this week:

• Positive Sentiment: Unusual options activity ahead of earnings suggests that some investors are taking bullish positions in HPE, signaling expectations for a favorable report or outlook. Unusual options volume in Hewlett Packard Enterprise Co ahead of earnings shows investors bullish on HPE
• Positive Sentiment: Deutsche Bank initiated coverage with a Buy rating and a $62 price target, while Bank of America raised its target to $82 and maintained a Buy rating. The recommendations reinforce the view that HPE’s valuation could benefit from continued AI infrastructure demand.
• Positive Sentiment: Recent commentary highlights strong demand for AI servers as a key driver of bullish earnings expectations for HPE. Resilient HPE stock climbs as AI server demand drives bullish earnings expectations
• Positive Sentiment: Zacks coverage points to HPE as a technology stock with potential to exceed quarterly earnings expectations, which could provide a near-term catalyst if confirmed by the company’s results. Why Investors Need to Take Advantage of These 2 Computer and Technology Stocks Now

Insider Buying and Selling

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 18,785 shares of Hewlett Packard Enterprise stock in a transaction that occurred 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 legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.44% of the company’s stock.

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.