Legal & General Group Plc Purchases Shares of 11,366,021 Hewlett Packard Enterprise Company $HPE

Legal & General Group Plc acquired a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,366,021 shares of the technology company’s stock, valued at approximately $512,721,000. Legal & General Group Plc owned approximately 0.86% of Hewlett Packard Enterprise as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Hewlett Packard Enterprise by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company’s stock valued at $4,156,870,000 after acquiring an additional 1,917,719 shares during the period. Capital World Investors bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $901,751,000. Geode Capital Management LLC lifted its stake in Hewlett Packard Enterprise by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 34,869,143 shares of the technology company’s stock valued at $835,626,000 after purchasing an additional 431,728 shares during the last quarter. Elliott Investment Management L.P. lifted its stake in Hewlett Packard Enterprise by 47.2% in the 1st quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock valued at $652,912,000 after purchasing an additional 8,790,757 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in Hewlett Packard Enterprise during the second quarter worth about $1,027,139,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Down 1.9%

Hewlett Packard Enterprise stock opened at $52.44 on Tuesday. The company’s 50-day moving average price is $48.98 and its two-hundred day moving average price is $36.00. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. The stock has a market cap of $69.44 billion, a P/E ratio of 49.01, a P/E/G ratio of 0.58 and a beta of 1.42. Hewlett Packard Enterprise Company has a twelve month low of $19.84 and a twelve month high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $10.68 billion during the quarter, compared to analysts’ expectations of $9.78 billion. During the same quarter in the previous year, the company posted ($0.82) earnings per share. The business’s revenue was up 40.0% on a year-over-year basis. 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 expect that Hewlett Packard Enterprise Company will post 2.9 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

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

Insider Buying and Selling

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 18,785 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was 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 can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

HPE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Bank of America raised their price objective on Hewlett Packard Enterprise from $38.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $71.00 to $69.00 in a report on Monday, August 10th. Wells Fargo & Company increased their price target on Hewlett Packard Enterprise from $26.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 2nd. Finally, Raymond James Financial raised their price target on Hewlett Packard Enterprise from $29.00 to $74.00 and gave the company an “outperform” rating in a report on Tuesday, June 2nd. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.