Howard Capital Management LLC Sells 238,561 Shares of Hewlett Packard Enterprise Company $HPE

Howard Capital Management LLC decreased its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 96.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 8,650 shares of the technology company’s stock after selling 238,561 shares during the quarter. Howard Capital Management LLC’s holdings in Hewlett Packard Enterprise were worth $553,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Delos Wealth Advisors LLC acquired a new position in shares of Hewlett Packard Enterprise during the 2nd quarter worth approximately $27,000. SJS Investment Consulting Inc. raised its stake in Hewlett Packard Enterprise by 159.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock valued at $28,000 after acquiring an additional 716 shares during the period. Union Savings Bank acquired a new stake in Hewlett Packard Enterprise during the 4th quarter valued at $30,000. First Bancorp Inc ME acquired a new stake in Hewlett Packard Enterprise during the 2nd quarter valued at $30,000. Finally, Triumph Capital Management lifted its holdings in Hewlett Packard Enterprise by 208.6% during the 3rd quarter. Triumph Capital Management now owns 466 shares of the technology company’s stock valued at $30,000 after purchasing an additional 315 shares during the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, EVP Rami Rahim sold 34,456 shares of the stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $61.42, for a total transaction of $2,116,287.52. Following the transaction, the executive vice president owned 875,133 shares in the company, valued at $53,750,668.86. This trade represents a 3.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary M. Reiner sold 17,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, September 14th. The stock was sold at an average price of $56.91, for a total value of $967,470.00. Following the sale, the director directly owned 65,072 shares of the company’s stock, valued at $3,703,247.52. This represents a 20.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 551,456 shares of company stock worth $35,271,258 in the last 90 days. Company insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $55.32 on Friday. The company has a market capitalization of $73.44 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 0.49 and a beta of 1.39. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 0.65. Hewlett Packard Enterprise Company has a 12 month low of $19.84 and a 12 month high of $73.56. The stock’s 50 day moving average is $59.34 and its 200-day moving average is $46.33.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.18. The business had revenue of $12.21 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 33.7% compared to the same quarter last year. During the same period last year, the firm posted $0.44 EPS. 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. Equities research analysts expect that Hewlett Packard Enterprise Company will post 3.34 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, September 17th were issued a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, September 17th. Hewlett Packard Enterprise’s dividend payout ratio is currently 29.69%.

Hewlett Packard Enterprise News Summary

Here are the key news stories impacting Hewlett Packard Enterprise this week:

• Positive Sentiment: HPE announced a planned $75 million expansion in Chippewa Falls, Wisconsin, expected to create 75 jobs. The investment supports the company’s manufacturing and infrastructure operations, although its near-term effect on earnings is likely limited. HPE to spend $75M to expand, add 75 jobs in Chippewa Falls
• Positive Sentiment: Some investors remain constructive because HPE has reported record revenue, orders and backlog, while demand for traditional servers, AI systems and networking—and higher server prices—has supported recent results. HPE stock was also reported to be up substantially for the year before the latest retreat. What Was HPE Telling You Before Its Stock Ran?
• Neutral Sentiment: ETF selling added to short-term pressure, while some dip buyers are betting that HPE can convert its AI and server orders into revenue. However, the recent decline has raised questions about whether earlier dip-buying strategies will continue to work. ETFs Are Net Sellers of Hewlett Packard Enterprise
• Negative Sentiment: Barclays downgraded HPE to Equal Weight from Overweight and lowered its price target to $77 from $83. The firm questioned how quickly corporate customers will adopt AI hardware and suggested that memory-component inflation, rather than new AI deployments, may be driving server revenue growth. Why Hewlett Packard Enterprise Stock Is Trading Lower Today
• Negative Sentiment: Concerns over how customers will finance large AI infrastructure projects have spread across hardware stocks, including HPE, Dell and Super Micro. The resulting sector-wide selling, combined with scrutiny of HPE’s server revenue quality and adoption timeline, drove a roughly 20% decline between October 9 and October 15. AI Financing Worries Extend Hardware Selloff

Analysts Set New Price Targets

A number of research firms have commented on HPE. The Goldman Sachs Group lifted their price objective 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. Wells Fargo & Company increased their price objective on shares of Hewlett Packard Enterprise from $54.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, October 1st. UBS Group raised their target price on shares of Hewlett Packard Enterprise from $59.00 to $66.00 and gave the stock a “neutral” 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 report on Sunday, August 30th. Finally, Barclays downgraded shares of Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $83.00 to $77.00 in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.44.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company (NYSE:HPE) is a global technology company that provides information technology solutions for businesses, governments and other organizations. Its offerings are designed to help customers build, manage and modernize data centers, hybrid cloud environments and edge computing operations.

HPE’s portfolio includes enterprise servers and compute systems, data storage, networking products, high-performance computing and artificial intelligence infrastructure.