Counterpoint Mutual Funds LLC Buys Shares of 164,534 Hewlett Packard Enterprise Company $HPE

Counterpoint Mutual Funds LLC bought a new position in Hewlett Packard Enterprise Company (NYSE:HPE) in the second quarter, Holdings Channel.com reports. The institutional investor bought 164,534 shares of the technology company’s stock, valued at approximately $7,422,000. Hewlett Packard Enterprise accounts for approximately 0.7% of Counterpoint Mutual Funds LLC’s portfolio, making the stock its 24th largest holding.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position 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 worth $4,156,870,000 after buying an additional 1,917,719 shares during the last quarter. Capital World Investors bought a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $901,751,000. Geode Capital Management LLC raised its stake in shares of 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 acquiring an additional 431,728 shares in the last quarter. Elliott Investment Management L.P. lifted 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 acquiring an additional 8,790,757 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $433,537,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hewlett Packard Enterprise

In related 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 sale 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 owned by company insiders.

Analyst Ratings Changes

HPE has been the topic of several analyst reports. UBS Group lifted their price target on shares of Hewlett Packard Enterprise from $25.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. JPMorgan Chase & Co. raised their price objective on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Zacks Research cut Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Piper Sandler restated a “neutral” rating and set a $63.00 target price (up from $23.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. Finally, Weiss Ratings raised Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 29th. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and an average price target of $69.80.

Hewlett Packard Enterprise Stock Up 8.1%

NYSE:HPE opened at $58.78 on Thursday. The company has a market cap of $77.84 billion, a PE ratio of 54.93, a P/E/G ratio of 0.59 and a beta of 1.42. 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 company’s 50 day moving average is $47.90 and its two-hundred day moving average is $34.10.

Hewlett Packard Enterprise (NYSE:HPE) last issued 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 business had revenue of $10.68 billion for the quarter, compared to analyst estimates of $9.78 billion. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. During the same quarter in the prior year, the business posted ($0.82) EPS. Hewlett Packard Enterprise’s revenue for the quarter 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. Analysts anticipate that Hewlett Packard Enterprise Company will post 2.9 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced 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 dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, June 16th. Hewlett Packard Enterprise’s dividend 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.