Korea Investment CORP Makes New $54.73 Million Investment in Hewlett Packard Enterprise Company $HPE

Korea Investment CORP acquired a new stake in Hewlett Packard Enterprise Company (NYSE:HPE) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 1,213,158 shares of the technology company’s stock, valued at approximately $54,726,000.

Several other large investors also recently modified their holdings of the stock. Headlands Technologies LLC bought a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter worth about $26,000. SJS Investment Consulting Inc. grew its stake in Hewlett Packard Enterprise by 159.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock valued at $28,000 after buying an additional 716 shares during the last quarter. Union Savings Bank bought a new position in Hewlett Packard Enterprise in the 4th quarter valued at about $30,000. Reflection Asset Management bought a new position in Hewlett Packard Enterprise in the 4th quarter valued at about $31,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in Hewlett Packard Enterprise during the fourth quarter worth approximately $40,000. 80.78% of the stock is owned by institutional investors.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 18,785 shares of the 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 filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by insiders.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $53.48 on Friday. The firm has a market cap of $70.82 billion, a PE ratio of 49.98, a price-to-earnings-growth ratio of 0.58 and a beta of 1.42. 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 stock’s fifty day moving average price is $48.90 and its two-hundred day moving average price is $35.69. Hewlett Packard Enterprise Company has a one year low of $19.84 and a one year high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.25. The firm had revenue of $10.68 billion during 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 company’s revenue was up 40.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($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. As a group, research analysts expect that Hewlett Packard Enterprise Company will post 2.9 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.57 annualized dividend and a yield of 1.1%. Hewlett Packard Enterprise’s dividend payout ratio is currently 53.27%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HPE. Truist Financial restated 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. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $71.00 to $69.00 in a research note on Monday, August 10th. UBS Group lifted their price target on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. Bank of America boosted their price target on Hewlett Packard Enterprise from $38.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Finally, Zacks Research lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Eleven equities 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, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and an average target price of $69.80.

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.