Englebert Financial Advisers LLC acquired a new stake in Hewlett Packard Enterprise Company (NYSE:HPE – Free Report) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 17,917 shares of the technology company’s stock, valued at approximately $1,145,000. Hewlett Packard Enterprise makes up 1.1% of Englebert Financial Advisers LLC’s holdings, making the stock its 21st biggest holding.
A number of other hedge funds also recently added to or reduced their stakes in the business. Irenic Capital Management LP acquired a new position in shares of Hewlett Packard Enterprise during the first quarter worth about $18,691,000. Gunderson Capital Management LLC acquired a new stake in Hewlett Packard Enterprise in the third quarter valued at about $15,409,000. Generate Investment Management Ltd acquired a new stake in Hewlett Packard Enterprise in the third quarter valued at about $19,340,000. Sanders Morris Harris LLC purchased a new stake in Hewlett Packard Enterprise in the 3rd quarter valued at approximately $1,661,000. Finally, Parkway Wealth Management Group LLC boosted its holdings in Hewlett Packard Enterprise by 36.7% in the 3rd quarter. Parkway Wealth Management Group LLC now owns 110,121 shares of the technology company’s stock valued at $7,036,000 after purchasing an additional 29,551 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.
Hewlett Packard Enterprise Price Performance
Shares of NYSE:HPE opened at $56.06 on Wednesday. The business’s 50 day simple moving average is $59.40 and its 200-day simple moving average is $46.95. The firm has a market capitalization of $74.42 billion, a price-to-earnings ratio of 29.20, a price-to-earnings-growth ratio of 0.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.11 and a quick ratio of 0.72. Hewlett Packard Enterprise Company has a 12 month low of $19.84 and a 12 month high of $73.56.
Hewlett Packard Enterprise Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, September 17th were issued a $0.1425 dividend. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $0.57 annualized dividend and a yield of 1.0%. Hewlett Packard Enterprise’s dividend payout ratio is 29.69%.
Hewlett Packard Enterprise News Roundup
Here are the key news stories impacting Hewlett Packard Enterprise this week:
- Positive Sentiment: AI-server sector rebound: HPE shares moved higher alongside Super Micro Computer and Dell after Super Micro reported strong preliminary quarterly revenue, easing concerns from the prior week’s AI-hardware selloff. Super Micro Computer Surges On Blowout Preliminary Revenue; Dell, HPE Also Jump
- Positive Sentiment: New AI server platform: HPE launched ProLiant Gen13 servers using sixth-generation AMD EPYC processors. The systems target AI inference, agentic AI, simulations and financial modeling, potentially supporting higher-value enterprise infrastructure growth. Learn Why The Bull Case For HPE Stock Could Change Following Gen13 Server Launch
- Positive Sentiment: Miami Heat contract: HPE will modernize wired and wireless networking at Miami’s Kaseya Center, including AI-enabled connectivity and Wi-Fi infrastructure. The deal provides a visible customer reference for HPE’s networking and self-driving network offerings, though its direct financial impact is likely modest. HPE and Miami HEAT transform Kaseya Center fan experience
- Positive Sentiment: Space and HPC publicity: HPE’s Spaceborne Computer 4 is planned to run high-performance computing and AI benchmarks on the Moon aboard Astrolab’s FLIP rover, reinforcing the company’s positioning in specialized computing. The announcement is strategically notable but not an immediate earnings driver. HPE Spaceborne Computer to Power High Performance Computing and AI on the Moon
- Neutral Sentiment: Refurbished infrastructure opportunity: HPE’s upcycling business may benefit from demand for lower-cost refurbished equipment as companies expand AI capacity, including potential opportunities tied to Juniper Networks. HPE upcycle biz sees Juniper opportunity amid AI refurb surge
- Negative Sentiment: Price-target cut: Barclays lowered its HPE target from $83 to $77. The revised target remains above the recent trading level, but the reduction signals increasing caution after recent volatility and concerns that strong AI growth may not fully translate into sustainable returns. Barclays cuts target for Hewlett Packard Enterprise stock
Insider Activity
In related news, Director Gary Reiner sold 17,000 shares of the stock in a transaction dated Monday, September 14th. The shares were 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 approximately $3,703,247.52. This represents a 20.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Antonio F. Neri sold 250,000 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $60.44, for a total transaction of $15,110,000.00. Following the transaction, the chief executive officer owned 1,432,393 shares of the company’s stock, valued at $86,573,832.92. This trade represents a 14.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 551,456 shares of company stock worth $35,271,258 over the last 90 days. 0.44% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. Evercore boosted their target price on Hewlett Packard Enterprise from $65.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, October 1st. Wells Fargo & Company raised their price target on Hewlett Packard Enterprise from $54.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, October 1st. JPMorgan Chase & Co. lifted their price target on Hewlett Packard Enterprise from $68.00 to $70.00 in a research note on Tuesday, August 25th. The Goldman Sachs Group upped their price objective on Hewlett Packard Enterprise from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, October 6th. Finally, Piper Sandler upped their price objective on Hewlett Packard Enterprise from $57.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $65.44.
View Our Latest Stock Report on HPE
Hewlett Packard Enterprise Company 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.
Read More
- Five stocks we like better than Hewlett Packard Enterprise
- Aurora Rejects Curaleaf’s Higher Bid, But the Takeover Fight Isn’t Over
- Centrus Energy Is Building a Nuclear Fuel Powerhouse—Why Is Its Stock Struggling?
- Halliburton Gains Traction: Multiyear Upcycle Ahead
- Meta Platforms’ AI Comeback Faces an Earnings Test—And a $10 Billion Charge
Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise Company (NYSE:HPE – Free Report).
Receive News & Ratings for Hewlett Packard Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.
