Sun Sep 15 15:50:58 UTC 2024: ## Meeder Advisory Services Boosts Hewlett Packard Enterprise Holdings

**New York, NY (MarketBeat News)** – Meeder Advisory Services Inc. increased its stake in Hewlett Packard Enterprise (NYSE:HPE) by 29.2% during the second quarter, according to the firm’s latest 13F filing. Meeder now owns 21,505 shares of the technology company, valued at $455,000. This move reflects a positive sentiment towards HPE, with several other institutional investors also adjusting their holdings in the company.

Other notable changes include:

* **Beacon Pointe Advisors LLC:** Increased its HPE holdings by 328.9%, now owning 138,353 shares worth $2,349,000.
* **Brown Advisory Inc.:** Lifted its stake by 10.3%, now owning 16,915 shares valued at $287,000.
* **Norges Bank:** Acquired a new position in HPE worth approximately $48,291,000.

Institutional investors currently own 80.78% of HPE’s stock.

Analysts are generally optimistic about HPE’s prospects. UBS Group upgraded its price target to $19.00, Evercore ISI increased its target to $22.00, and Wells Fargo & Company raised their target to $22.00. These upgrades reflect the company’s recent strong performance, including beating analysts’ earnings estimates in the last quarter.

HPE reported earnings per share (EPS) of $0.50 for the quarter, surpassing the consensus estimate of $0.47 by $0.03. Revenue came in at $7.71 billion, slightly higher than the estimated $7.67 billion. The company also declared a quarterly dividend of $0.13, payable on October 18th.

Overall, the recent activity from institutional investors and analysts suggests a positive outlook for Hewlett Packard Enterprise, with the company continuing to demonstrate strong financial performance and attracting increased interest from the investment community.

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