Courier Capital LLC lifted its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE – Free Report) by 97.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 18,200 shares of the technology company’s stock after acquiring an additional 9,000 shares during the period. Courier Capital LLC’s holdings in Hewlett Packard Enterprise were worth $1,163,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in HPE. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Hewlett Packard Enterprise in the second quarter valued at $1,027,139,000. Primecap Management Co. CA acquired a new stake in Hewlett Packard Enterprise in the 2nd quarter worth about $773,225,000. Elliott Investment Management L.P. boosted 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 worth $652,912,000 after buying an additional 8,790,757 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Hewlett Packard Enterprise by 6.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,088,774 shares of the technology company’s stock valued at $590,435,000 after buying an additional 756,972 shares during the period. Finally, Legal & General Group Plc purchased a new stake in Hewlett Packard Enterprise in the 2nd quarter valued at about $512,721,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.
Key Stories Impacting Hewlett Packard Enterprise
Here are the key news stories impacting Hewlett Packard Enterprise this week:
- Positive Sentiment: HPE’s partnership with NVIDIA is strengthening its enterprise AI portfolio and could improve its ability to compete with Super Micro Computer and Dell in AI infrastructure. The relationship supports the company’s growth opportunity in a fast-expanding market. HPE Partners With NVDA: Can it Help Challenge SMCI & DELL?
- Positive Sentiment: HPE has raised its networking revenue-growth outlook and continues to benefit from demand for AI, networking and cloud-focused solutions. Recent quarterly results also showed strong execution, with earnings and revenue exceeding analyst expectations. How Evercore’s Valuation-Driven Downgrade At Hewlett Packard Enterprise Has Changed Its Investment Story
- Neutral Sentiment: Supporters point to HPE’s strong recent stock performance, improving business momentum and exposure to long-term enterprise technology trends. However, the approximately 197% six-month rally and recent 52-week high have increased expectations and reduced the margin for execution mistakes. 3 Reasons We’re Fans of Hewlett Packard Enterprise
- Negative Sentiment: Evercore ISI downgraded HPE to In Line from Outperform, citing stretched valuation after the rally and limited near-term catalysts for further multiple expansion. Analyst Amit Daryanani maintained a $65 price target and noted that HPE was trading at roughly 13 times fiscal 2027 earnings, compared with an approximately eight-times five-year average. The downgrade was the primary reason for the recent selling pressure. Why Hewlett Packard Enterprise Shares Are Trading Lower Today
Hewlett Packard Enterprise Trading Down 2.3%
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last announced its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.93 by $0.18. The company had revenue of $12.21 billion during the quarter, compared to analyst estimates of $11.97 billion. Hewlett Packard Enterprise had a return on equity of 15.50% and a net margin of 6.60%. The firm’s revenue was up 33.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 earnings per share. Hewlett Packard Enterprise has set its Q4 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 3.750-3.850 EPS. As a group, sell-side analysts forecast that Hewlett Packard Enterprise Company will post 3.34 earnings per share for the current year.
Hewlett Packard Enterprise Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, September 17th will be issued a dividend of $0.1425 per share. The ex-dividend date is Thursday, September 17th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.8%. Hewlett Packard Enterprise’s payout ratio is presently 29.69%.
Insider Buying and Selling
In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 250,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $68.31, for a total transaction of $17,077,500.00. Following the transaction, the chief executive officer directly owned 1,182,393 shares of the company’s stock, valued at $80,769,265.83. The trade was a 17.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary Reiner sold 17,000 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $56.91, for a total transaction of $967,470.00. Following the sale, the director owned 65,072 shares of the company’s stock, valued at approximately $3,703,247.52. This represents a 20.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 551,456 shares of company stock valued at $35,271,258. 0.44% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on HPE. Morgan Stanley upped their price objective on shares of Hewlett Packard Enterprise from $67.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, October 1st. Wall Street Zen raised shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 30th. Barclays boosted their target price on shares of Hewlett Packard Enterprise from $79.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, October 1st. The Goldman Sachs Group upped their price target on shares of Hewlett Packard Enterprise from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, October 6th. Finally, Argus reaffirmed a “buy” rating and set a $70.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $65.78.
View Our Latest Stock Report on Hewlett Packard Enterprise
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company (NYSE:HPE) is a global technology company that provides information technology products, services and solutions for businesses, governments and other organizations. Its offerings are designed to help customers build, manage and secure data center, cloud and edge-computing environments.
HPE’s portfolio includes enterprise servers, high-performance computing systems, data storage, networking equipment, software and technology consulting services. The company also provides hybrid cloud and as-a-service solutions through HPE GreenLake, allowing customers to access and manage computing, storage, data protection and other IT capabilities through a flexible consumption model.
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