Elevation Point Wealth Partners LLC Makes New $1.99 Million Investment in Hewlett Packard Enterprise Company $HPE

Elevation Point Wealth Partners LLC bought a new stake in Hewlett Packard Enterprise Company (NYSE:HPE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 43,906 shares of the technology company’s stock, valued at approximately $1,987,000.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Hewlett Packard Enterprise by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company’s stock worth $4,156,870,000 after purchasing an additional 1,917,719 shares during the last quarter. Capital World Investors acquired a new position in Hewlett Packard Enterprise in the 4th quarter valued at $901,751,000. Geode Capital Management LLC raised its position in Hewlett Packard Enterprise by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 34,869,143 shares of the technology company’s stock worth $835,626,000 after buying an additional 431,728 shares during the last quarter. Elliott Investment Management L.P. lifted its stake in shares of Hewlett Packard Enterprise by 47.2% in the 1st quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock worth $652,912,000 after acquiring an additional 8,790,757 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $433,537,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Barclays raised their price objective on shares of Hewlett Packard Enterprise from $28.00 to $67.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. 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. Zacks Research downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 3rd. Raymond James Financial raised their price target on Hewlett Packard Enterprise from $29.00 to $74.00 and gave the company an “outperform” rating in a report on Tuesday, June 2nd. Finally, Truist Financial restated a “buy” rating and issued a $69.00 price target (up from $31.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. Eleven 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.80.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 18,785 shares of the company’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 accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Trading Up 0.1%

Shares of HPE opened at $53.48 on Monday. Hewlett Packard Enterprise Company has a twelve month low of $19.84 and a twelve month high of $64.25. 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 capitalization of $70.82 billion, a P/E ratio of 49.98, a PEG ratio of 0.58 and a beta of 1.42. The firm’s 50-day moving average is $48.90 and its two-hundred day moving average is $35.79.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.25. The company had revenue of $10.68 billion during 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%. The company’s revenue for the quarter was up 40.0% on a year-over-year basis. During the same period last year, the firm earned ($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 predict that Hewlett Packard Enterprise Company will post 2.9 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th were given a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Tuesday, June 16th. Hewlett Packard Enterprise’s payout ratio is presently 53.27%.

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.