Mystic Asset Management Inc. Takes $470,000 Position in Hewlett Packard Enterprise Company $HPE

Mystic Asset Management Inc. acquired a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) during the second quarter, Holdings Channel reports. The firm acquired 10,409 shares of the technology company’s stock, valued at approximately $470,000.

A number of other institutional investors have also recently added to or reduced their stakes in HPE. Headlands Technologies LLC bought a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter worth $26,000. SJS Investment Consulting Inc. boosted its stake in Hewlett Packard Enterprise by 159.5% during the first 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 in the last quarter. Union Savings Bank acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth about $30,000. Reflection Asset Management bought a new stake in Hewlett Packard Enterprise in the fourth quarter worth about $31,000. Finally, Hilton Head Capital Partners LLC bought a new stake in Hewlett Packard Enterprise in the fourth quarter worth about $40,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on HPE shares. Zacks Research lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 10th. Truist Financial reissued a “buy” rating and set a $69.00 target price (up from $31.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. Bank of America raised their target price on shares of Hewlett Packard Enterprise from $38.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Finally, Susquehanna lifted their price target 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. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.80.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Kirt P. Karros sold 18,785 shares of the company’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Trading Down 0.4%

NYSE:HPE opened at $52.93 on Friday. The stock has a fifty day simple moving average of $48.80 and a 200 day simple moving average of $35.57. The firm has a market capitalization of $70.09 billion, a price-to-earnings ratio of 49.47, a price-to-earnings-growth ratio of 0.57 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. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72.

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, topping the consensus estimate of $0.54 by $0.25. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The firm had revenue of $10.68 billion for the quarter, compared to the consensus estimate of $9.78 billion. During the same quarter in the previous year, the company earned ($0.82) EPS. The business’s revenue for the quarter was up 40.0% compared to the same quarter last year. 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. Sell-side analysts forecast that Hewlett Packard Enterprise Company will post 2.9 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company 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. The ex-dividend date 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 payout ratio is currently 53.27%.

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.