44,539 Shares in Hewlett Packard Enterprise Company $HPE Purchased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC bought a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) during the second quarter, HoldingsChannel reports. The firm bought 44,539 shares of the technology company’s stock, valued at approximately $2,009,000.

Several other large investors have also recently added to or reduced their stakes in HPE. Capital World Investors bought a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth about $901,751,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Hewlett Packard Enterprise during the fourth quarter worth about $433,537,000. Elliott Investment Management L.P. raised its stake 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 worth $652,912,000 after acquiring an additional 8,790,757 shares during the period. Norges Bank bought a new position in Hewlett Packard Enterprise in the fourth quarter worth about $185,969,000. Finally, Bank of New York Mellon Corp bought a new position in Hewlett Packard Enterprise in the second quarter worth about $322,718,000. 80.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HPE has been the topic of several recent research reports. Citigroup raised their price target on Hewlett Packard Enterprise from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, July 24th. JPMorgan Chase & Co. raised their price target on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. UBS Group upped their target price on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. Weiss Ratings raised shares of Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 29th. Finally, Raymond James Financial raised their price objective on Hewlett Packard Enterprise from $29.00 to $74.00 and gave the stock an “outperform” rating 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $69.80.

Insiders Place Their Bets

In related news, SVP Kirt P. Karros sold 18,785 shares of the 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 sale 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.

Hewlett Packard Enterprise Stock Down 1.9%

Shares of NYSE:HPE opened at $57.62 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.75 and a current ratio of 1.09. The company has a market cap of $76.30 billion, a PE ratio of 53.85, a price-to-earnings-growth ratio of 0.63 and a beta of 1.42. Hewlett Packard Enterprise Company has a 52 week low of $19.84 and a 52 week high of $64.25. The firm has a 50 day simple moving average of $48.37 and a 200 day simple moving average of $34.89.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data 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. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The firm 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% 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. As a group, research analysts expect that Hewlett Packard Enterprise Company will post 2.9 earnings per share for the current 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 dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, June 16th. Hewlett Packard Enterprise’s payout ratio is presently 53.27%.

Hewlett Packard Enterprise Company 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.