Meiji Yasuda Asset Management Co Ltd. Invests $1.65 Million in Hewlett Packard Enterprise Company $HPE

Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Hewlett Packard Enterprise Company (NYSE:HPE) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 36,585 shares of the technology company’s stock, valued at approximately $1,650,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Capital World Investors bought a new stake in Hewlett Packard Enterprise during the 4th quarter worth approximately $901,751,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Hewlett Packard Enterprise in the second quarter valued at approximately $1,027,139,000. Elliott Investment Management L.P. lifted its holdings in shares of Hewlett Packard Enterprise by 47.2% in the first 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 in the last quarter. Norges Bank purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $185,969,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $322,718,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $52.44 on Tuesday. The business’s fifty day simple moving average is $48.98 and its 200 day simple moving average is $36.00. The firm has a market capitalization of $69.44 billion, a P/E ratio of 49.01, a price-to-earnings-growth ratio of 0.58 and a beta of 1.42. Hewlett Packard Enterprise Company has a 12 month low of $19.84 and a 12 month high of $64.25. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.72.

Hewlett Packard Enterprise (NYSE:HPE) last announced 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. 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 during the quarter, compared to the consensus estimate of $9.78 billion. During the same quarter in the prior year, the company earned ($0.82) EPS. The business’s revenue for the quarter 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 anticipate that Hewlett Packard Enterprise Company will post 2.9 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared 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 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 presently 53.27%.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Kirt P. Karros sold 18,785 shares of the firm’s 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 transaction 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.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HPE shares. Truist Financial reissued a “buy” rating and issued a $69.00 price target (up from $31.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, June 2nd. Susquehanna lifted their price objective on shares of Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. Argus upped their target price on shares of Hewlett Packard Enterprise from $30.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Zacks Research downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Finally, The Goldman Sachs Group raised their price target on shares of Hewlett Packard Enterprise from $32.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. 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, the company has an average rating of “Moderate Buy” and a consensus price target 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.