Irenic Capital Management LP Makes New Investment in Hewlett Packard Enterprise Company $HPE

Irenic Capital Management LP purchased a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 785,000 shares of the technology company’s stock, valued at approximately $18,691,000. Hewlett Packard Enterprise comprises approximately 1.2% of Irenic Capital Management LP’s portfolio, making the stock its 19th largest position.

Other hedge funds have also made changes to their positions in the company. Investment Research Partners LLC boosted its holdings in shares of Hewlett Packard Enterprise by 2.0% during the 4th quarter. Investment Research Partners LLC now owns 21,925 shares of the technology company’s stock worth $527,000 after buying an additional 423 shares during the period. D.A. Davidson & CO. raised its holdings in Hewlett Packard Enterprise by 4.5% in the 1st quarter. D.A. Davidson & CO. now owns 9,998 shares of the technology company’s stock worth $238,000 after acquiring an additional 429 shares during the period. Compound Planning Inc. raised its holdings in Hewlett Packard Enterprise by 2.4% in the 1st quarter. Compound Planning Inc. now owns 18,951 shares of the technology company’s stock worth $451,000 after acquiring an additional 446 shares during the period. TD Private Client Wealth LLC lifted its position in Hewlett Packard Enterprise by 0.6% during the 4th quarter. TD Private Client Wealth LLC now owns 80,769 shares of the technology company’s stock worth $1,940,000 after acquiring an additional 448 shares during the last quarter. Finally, Wealth Alliance LLC lifted its position in Hewlett Packard Enterprise by 3.2% during the 1st quarter. Wealth Alliance LLC now owns 14,335 shares of the technology company’s stock worth $341,000 after acquiring an additional 449 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $45.59 on Wednesday. Hewlett Packard Enterprise Company has a twelve month low of $19.64 and a twelve month high of $64.25. 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 stock has a market cap of $60.37 billion, a P/E ratio of 42.61, a PEG ratio of 0.52 and a beta of 1.42. The company’s 50-day simple moving average is $45.69 and its 200 day simple moving average is $31.77.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.54 by $0.25. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The business had revenue of $10.68 billion for the quarter, compared to analyst estimates of $9.78 billion. During the same quarter in the previous year, the firm earned ($0.82) EPS. Hewlett Packard Enterprise’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, research analysts forecast that Hewlett Packard Enterprise Company will post 2.88 earnings per share for the current fiscal 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. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.3%. Hewlett Packard Enterprise’s payout ratio is currently 53.27%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 18,785 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $48.50, for a total transaction of $911,072.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Marie Myers sold 93,583 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $30.01, for a total transaction of $2,808,425.83. Following the sale, the chief financial officer directly owned 204,754 shares of the company’s stock, valued at approximately $6,144,667.54. This trade represents a 31.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 118,850 shares of company stock valued at $3,908,125. Insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. The Goldman Sachs Group lifted their price objective on Hewlett Packard Enterprise from $32.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Argus increased their target price on Hewlett Packard Enterprise from $30.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Wells Fargo & Company raised their target price on Hewlett Packard Enterprise from $26.00 to $67.00 and gave the company an “equal weight” rating in a report on Tuesday, June 2nd. Raymond James Financial lifted their price target on Hewlett Packard Enterprise from $29.00 to $74.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 2nd. Finally, Bank of America upped their price target on Hewlett Packard Enterprise from $38.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.31.

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.