SCS Capital Management LLC Buys New Stake in Hewlett Packard Enterprise Company $HPE

SCS Capital Management LLC purchased a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 397,972 shares of the technology company’s stock, valued at approximately $17,998,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Empowered Funds LLC increased its holdings in shares of Hewlett Packard Enterprise by 317.3% in the 1st quarter. Empowered Funds LLC now owns 149,810 shares of the technology company’s stock valued at $2,312,000 after acquiring an additional 113,906 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Hewlett Packard Enterprise by 44.7% during the first quarter. Geneos Wealth Management Inc. now owns 4,456 shares of the technology company’s stock worth $69,000 after purchasing an additional 1,377 shares during the last quarter. Brown Advisory Inc. lifted its stake in Hewlett Packard Enterprise by 4.4% during the second quarter. Brown Advisory Inc. now owns 23,593 shares of the technology company’s stock worth $482,000 after purchasing an additional 996 shares during the last quarter. Jump Financial LLC boosted its holdings in Hewlett Packard Enterprise by 25.8% in the second quarter. Jump Financial LLC now owns 15,662 shares of the technology company’s stock valued at $320,000 after purchasing an additional 3,215 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in Hewlett Packard Enterprise in the second quarter valued at approximately $207,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $58.79 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.72. The firm has a market cap of $77.85 billion, a PE ratio of 54.94, a price-to-earnings-growth ratio of 0.63 and a beta of 1.42. The company’s 50 day simple moving average is $48.21 and its 200-day simple moving average is $34.54. 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 announced its earnings results on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $9.78 billion. During the same period in the previous year, the company posted ($0.82) EPS. The company’s quarterly revenue was up 40.0% on a year-over-year basis. 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. As a group, equities analysts predict that Hewlett Packard Enterprise Company will post 2.9 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

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

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise 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 transaction of $911,072.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HPE. Barclays raised their price objective 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. Loop Capital raised 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. Susquehanna lifted their price target on shares of Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. boosted their price target on shares of Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. Finally, Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $71.00 to $69.00 in a report on Monday, August 10th. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.