Perigon Wealth Management LLC Acquires New Position in Hewlett Packard Enterprise Company $HPE

Perigon Wealth Management LLC purchased a new position in Hewlett Packard Enterprise Company (NYSE:HPE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,045 shares of the technology company’s stock, valued at approximately $634,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Empowered Funds LLC lifted its stake in Hewlett Packard Enterprise by 317.3% during the 1st quarter. Empowered Funds LLC now owns 149,810 shares of the technology company’s stock valued at $2,312,000 after acquiring an additional 113,906 shares during the period. Geneos Wealth Management Inc. grew its position in Hewlett Packard Enterprise by 44.7% during the first quarter. Geneos Wealth Management Inc. now owns 4,456 shares of the technology company’s stock valued at $69,000 after buying an additional 1,377 shares during the period. Brown Advisory Inc. grew its position in Hewlett Packard Enterprise by 4.4% during the second quarter. Brown Advisory Inc. now owns 23,593 shares of the technology company’s stock valued at $482,000 after buying an additional 996 shares during the period. Jump Financial LLC increased its holdings in Hewlett Packard Enterprise by 25.8% in the second quarter. Jump Financial LLC now owns 15,662 shares of the technology company’s stock valued at $320,000 after buying an additional 3,215 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in Hewlett Packard Enterprise in the second quarter valued at $207,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $53.12 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75. The business has a 50 day simple moving average of $48.67 and a 200-day simple moving average of $35.35. The firm has a market capitalization of $70.34 billion, a PE ratio of 49.64, a price-to-earnings-growth ratio of 0.60 and a beta of 1.42. Hewlett Packard Enterprise Company has a 1 year low of $19.84 and a 1 year high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.25. The firm had revenue of $10.68 billion for 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 firm’s revenue was up 40.0% compared to the same quarter last year. During the same quarter last year, the business posted ($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. Equities research analysts anticipate that Hewlett Packard Enterprise Company will post 2.9 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th were issued a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, June 16th. Hewlett Packard Enterprise’s payout ratio is currently 53.27%.

Insider Activity at Hewlett Packard Enterprise

In other news, SVP Kirt P. Karros sold 18,785 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were 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 SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Susquehanna increased their target price on shares of Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Barclays upped their price target on Hewlett Packard Enterprise from $28.00 to $67.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Zacks Research downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Piper Sandler reissued a “neutral” rating and issued a $63.00 price objective (up from $23.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. Finally, Wall Street Zen upgraded Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 10th. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.80.

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.