Wolf Hill Capital Management LP Purchases New Shares in Hewlett Packard Enterprise Company $HPE

Wolf Hill Capital Management LP acquired a new position in Hewlett Packard Enterprise Company (NYSE:HPE) in the second quarter, Holdings Channel reports. The institutional investor acquired 1,861,506 shares of the technology company’s stock, valued at approximately $83,972,536,000. Hewlett Packard Enterprise makes up approximately 7.0% of Wolf Hill Capital Management LP’s portfolio, making the stock its 4th largest position.

A number of other large investors have also recently made changes to their positions in HPE. Vanguard Group Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 1.1% in 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 acquiring an additional 1,917,719 shares during the last quarter. Capital World Investors bought a new stake in Hewlett Packard Enterprise during the fourth quarter worth approximately $901,751,000. Geode Capital Management LLC increased its stake in Hewlett Packard Enterprise by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 34,869,143 shares of the technology company’s stock worth $835,626,000 after acquiring an additional 431,728 shares during the last quarter. Elliott Investment Management L.P. raised its position in Hewlett Packard Enterprise by 47.2% during the first quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock valued at $652,912,000 after purchasing an additional 8,790,757 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter valued at approximately $1,027,139,000. 80.78% of the stock is currently owned by institutional investors.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Kirt P. Karros sold 18,785 shares of Hewlett Packard Enterprise stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Stock Performance

HPE stock opened at $52.44 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. The business’s fifty day simple moving average is $48.98 and its two-hundred day simple moving average is $36.00. Hewlett Packard Enterprise Company has a twelve month low of $19.84 and a twelve month high of $64.25. The firm has a market cap of $69.44 billion, a price-to-earnings ratio of 49.01, a PEG ratio of 0.58 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.25. The business had revenue of $10.68 billion during 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 business’s revenue for the quarter was up 40.0% compared to the same quarter last year. During the same period last year, the company earned ($0.82) earnings per share. 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. Analysts predict that Hewlett Packard Enterprise Company will post 2.9 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th were paid a $0.1425 dividend. 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 dividend payout ratio is currently 53.27%.

Analyst Ratings Changes

A number of research analysts have weighed in on HPE shares. Sanford C. Bernstein boosted their price objective on shares of Hewlett Packard Enterprise from $35.00 to $62.00 and gave the company a “market perform” rating in a research report on Tuesday, June 2nd. Weiss Ratings upgraded shares of Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 29th. Raymond James Financial lifted their price target on shares of Hewlett Packard Enterprise from $29.00 to $74.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 2nd. Barclays increased their price objective on shares of Hewlett Packard Enterprise from $28.00 to $67.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Finally, Wall Street Zen downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.80.

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.