Envestnet Portfolio Solutions Inc. Purchases New Position in Hewlett Packard Enterprise Company $HPE

Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 23,861 shares of the technology company’s stock, valued at approximately $1,076,000.

Several other large investors have also recently bought and sold shares of the company. Sax Wealth Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 2.9% during the second quarter. Sax Wealth Advisors LLC now owns 8,782 shares of the technology company’s stock worth $396,000 after purchasing an additional 244 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Hewlett Packard Enterprise by 5.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 7,180 shares of the technology company’s stock valued at $324,000 after buying an additional 355 shares in the last quarter. Investment Research Partners LLC raised its stake in 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 stake in Hewlett Packard Enterprise by 4.5% during the 1st quarter. D.A. Davidson & CO. now owns 9,998 shares of the technology company’s stock worth $238,000 after buying an additional 429 shares during the period. Finally, Compound Planning Inc. lifted its holdings in Hewlett Packard Enterprise by 2.4% during the first quarter. Compound Planning Inc. now owns 18,951 shares of the technology company’s stock worth $451,000 after acquiring an additional 446 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Up 8.1%

Shares of Hewlett Packard Enterprise stock opened at $58.78 on Thursday. The business’s 50 day simple moving average is $47.90 and its 200 day simple moving average is $34.10. Hewlett Packard Enterprise Company has a 52-week low of $19.84 and a 52-week high of $64.25. The firm 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. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.75 and a current ratio of 1.09.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly 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 company had revenue of $10.68 billion during the quarter, compared to analysts’ expectations of $9.78 billion. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The business’s quarterly revenue was up 40.0% on a year-over-year basis. During the same period last year, the business 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, 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th were paid a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Tuesday, June 16th. Hewlett Packard Enterprise’s dividend payout ratio is currently 53.27%.

Analysts Set New Price Targets

Several brokerages have issued reports on HPE. Piper Sandler restated a “neutral” rating and issued a $63.00 price target (up from $23.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. Truist Financial reiterated a “buy” rating and set a $69.00 price objective (up from $31.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. Wells Fargo & Company boosted their price objective on Hewlett Packard Enterprise from $26.00 to $67.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. increased their target price on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Finally, The Goldman Sachs Group raised their target price on shares of Hewlett Packard Enterprise from $32.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of “Moderate Buy” and an average price target of $69.80.

Insider Buying and Selling 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 SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by insiders.

About Hewlett Packard Enterprise

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.