234,425 Shares in Hewlett Packard Enterprise Company $HPE Bought by Kendall Capital Management

Kendall Capital Management acquired a new stake in Hewlett Packard Enterprise Company (NYSE:HPE) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 234,425 shares of the technology company’s stock, valued at approximately $10,575,000. Hewlett Packard Enterprise comprises approximately 1.8% of Kendall Capital Management’s investment portfolio, making the stock its 11th biggest position.

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

Hewlett Packard Enterprise Trading Up 1.1%

NYSE HPE opened at $53.48 on Friday. Hewlett Packard Enterprise Company has a 52 week low of $19.84 and a 52 week high of $64.25. 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 stock’s 50 day moving average price is $48.90 and its two-hundred day moving average price is $35.69. The stock has a market capitalization of $70.82 billion, a price-to-earnings ratio of 49.98, a PEG ratio of 0.58 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.25. The company had revenue of $10.68 billion for the quarter, compared to the consensus estimate of $9.78 billion. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The firm’s revenue was up 40.0% compared to the same quarter last year. During the same period last year, the company earned ($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. As a group, 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th were given 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 yield of 1.1%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 53.27%.

Analysts Set New Price Targets

Several brokerages have commented on HPE. Sanford C. Bernstein upped their target price on shares of Hewlett Packard Enterprise from $35.00 to $62.00 and gave the company a “market perform” rating in a research note on Tuesday, June 2nd. Truist Financial reissued a “buy” rating and set a $69.00 price target (up from $31.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, June 2nd. Citigroup boosted their price target on shares of Hewlett Packard Enterprise from $70.00 to $74.00 and gave the company a “buy” rating in a report on Friday, July 24th. Wall Street Zen cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Barclays raised their price objective on Hewlett Packard Enterprise from $28.00 to $67.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Eleven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and an average price target of $69.80.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 18,785 shares of Hewlett Packard Enterprise stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $48.50, for a total value of $911,072.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.44% of the company’s stock.

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.