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

Fiduciary Financial Group LLC acquired a new stake in Hewlett Packard Enterprise Company (NYSE:HPE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,112 shares of the technology company’s stock, valued at approximately $456,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Hewlett Packard Enterprise by 24.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 215,593 shares of the technology company’s stock valued at $5,179,000 after acquiring an additional 41,896 shares in the last quarter. Freemont Management S.A. grew its position in shares of 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 purchasing an additional 144,100 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Hewlett Packard Enterprise by 60.2% during the fourth quarter. CIBC Asset Management Inc now owns 337,691 shares of the technology company’s stock worth $8,111,000 after purchasing an additional 126,938 shares in the last quarter. Irenic Capital Management LP bought a new stake in Hewlett Packard Enterprise during the 1st quarter valued at approximately $18,691,000. Finally, Vanguard Group Inc. raised its stake in Hewlett Packard Enterprise by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company’s stock valued at $4,156,870,000 after purchasing an additional 1,917,719 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of Hewlett Packard Enterprise stock opened at $58.78 on Thursday. The firm has a market cap of $77.84 billion, a PE ratio of 54.93, a PEG ratio of 0.59 and a beta of 1.42. The stock has a 50 day moving average of $47.90 and a 200 day moving average of $34.10. 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 Company has a 12 month low of $19.84 and a 12 month high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE) last released 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 business had revenue of $10.68 billion for the quarter, compared to the consensus estimate 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 was up 40.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($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, research analysts expect that Hewlett Packard Enterprise Company will post 2.9 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th were given a $0.1425 dividend. This represents a $0.57 annualized dividend and a yield of 1.0%. The ex-dividend date was Tuesday, June 16th. Hewlett Packard Enterprise’s payout ratio is currently 53.27%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Piper Sandler restated a “neutral” rating and issued a $63.00 price target (up from $23.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. Citigroup lifted their price objective on shares of Hewlett Packard Enterprise from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Barclays boosted their target price on shares of Hewlett Packard Enterprise from $28.00 to $67.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Susquehanna upped their target price on shares of Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. Finally, Sanford C. Bernstein raised their target price 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. Eleven 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 stock has an average rating of “Moderate Buy” and an average target price of $69.80.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 18,785 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by 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.