Envestnet Portfolio Solutions Inc. Makes New $1.08 Million Investment in Hewlett Packard Enterprise Company $HPE

Envestnet Portfolio Solutions Inc. bought a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 23,861 shares of the technology company’s stock, valued at approximately $1,076,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HPE. Gibraltar Capital Management Inc. acquired a new position in Hewlett Packard Enterprise during the 2nd quarter worth about $397,000. Oak Thistle LLC acquired a new stake in Hewlett Packard Enterprise in the 2nd quarter valued at about $3,740,000. Aull & Monroe Investment Management Corp acquired a new stake in Hewlett Packard Enterprise in the 2nd quarter valued at about $292,000. Interchange Capital Partners LLC bought a new position in shares of Hewlett Packard Enterprise in the second quarter worth about $295,000. Finally, Counterpoint Mutual Funds LLC bought a new position in shares of Hewlett Packard Enterprise in the second quarter worth about $7,422,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Up 8.1%

Shares of NYSE:HPE opened at $58.78 on Thursday. 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 has a market cap of $77.84 billion, a price-to-earnings ratio of 54.93, a P/E/G ratio of 0.59 and a beta of 1.42. The company has a 50 day moving average of $47.90 and a 200-day moving average of $34.10. Hewlett Packard Enterprise Company has a one year low of $19.84 and a one year high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.25. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The business had revenue of $10.68 billion for the quarter, compared to analyst estimates of $9.78 billion. During the same period in the prior year, the business posted ($0.82) earnings per share. Hewlett Packard Enterprise’s revenue was up 40.0% compared to the same quarter last year. 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, sell-side analysts forecast that Hewlett Packard Enterprise Company will post 2.9 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th were paid 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 1.0%. Hewlett Packard Enterprise’s dividend payout ratio is 53.27%.

Insider Activity

In other news, SVP Kirt P. Karros sold 18,785 shares of the firm’s stock in a transaction 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 document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on HPE. Barclays increased their price target on shares of Hewlett Packard Enterprise from $28.00 to $67.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Wall Street Zen raised Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 10th. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $71.00 to $69.00 in a research report on Monday. JPMorgan Chase & Co. lifted their target price on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Finally, Wells Fargo & Company boosted their target price on Hewlett Packard Enterprise from $26.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 2nd. Eleven analysts have rated the stock with a Buy rating and six have given 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.

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.