PensionDanmark Pensionsforsikringsaktieselskab Grows Stock Holdings in Hewlett Packard Enterprise Company $HPE

PensionDanmark Pensionsforsikringsaktieselskab grew its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 50.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 176,992 shares of the technology company’s stock after buying an additional 59,302 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Hewlett Packard Enterprise were worth $7,984,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. increased its holdings in Hewlett Packard Enterprise by 387.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,240,000 shares of the technology company’s stock valued at $55,936,000 after purchasing an additional 985,829 shares during the period. Clark Asset Management LLC bought a new position in Hewlett Packard Enterprise during the 2nd quarter valued at approximately $260,000. Chapin Davis Inc. purchased a new stake in Hewlett Packard Enterprise in the 2nd quarter worth approximately $895,000. 180 Wealth Advisors LLC lifted its holdings in Hewlett Packard Enterprise by 5.8% in the 2nd quarter. 180 Wealth Advisors LLC now owns 47,328 shares of the technology company’s stock worth $2,135,000 after buying an additional 2,575 shares during the period. Finally, Foster Group Inc. bought a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter worth approximately $234,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HPE has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Loop Capital raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and raised their price target for the stock from $23.00 to $75.00 in a research note on Tuesday, June 2nd. Citigroup boosted their price objective on shares of Hewlett Packard Enterprise from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Wells Fargo & Company upped their price objective on shares of Hewlett Packard Enterprise from $26.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 2nd. Finally, Susquehanna raised 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 report on Tuesday, June 2nd. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.93.

Hewlett Packard Enterprise Stock Up 1.2%

Shares of NYSE:HPE opened at $53.07 on Friday. The firm has a market capitalization of $70.27 billion, a P/E ratio of 49.60, a P/E/G ratio of 0.58 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. The stock has a 50 day moving average price of $47.72 and a 200-day moving average price of $33.27. Hewlett Packard Enterprise Company has a 52-week low of $19.84 and a 52-week high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.25. The company had revenue of $10.68 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company 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. As a group, equities research analysts anticipate that Hewlett Packard Enterprise Company will post 2.88 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders 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 dividend yield of 1.1%. Hewlett Packard Enterprise’s dividend payout ratio is currently 53.27%.

Insider Buying and Selling at Hewlett Packard Enterprise

In related 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 value of $911,072.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by corporate insiders.

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.