Viking Fund Management LLC Sells 180,000 Shares of Hewlett Packard Enterprise Company $HPE

Viking Fund Management LLC cut its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 36.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 320,000 shares of the technology company’s stock after selling 180,000 shares during the quarter. Hewlett Packard Enterprise makes up 1.7% of Viking Fund Management LLC’s portfolio, making the stock its 13th largest position. Viking Fund Management LLC’s holdings in Hewlett Packard Enterprise were worth $20,445,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HPE. Irenic Capital Management LP bought a new position in Hewlett Packard Enterprise in the first quarter valued at approximately $18,691,000. Generate Investment Management Ltd acquired a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at approximately $19,340,000. Sanders Morris Harris LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at approximately $1,661,000. Farther Finance Advisors LLC grew its stake in shares of Hewlett Packard Enterprise by 45.7% in the third quarter. Farther Finance Advisors LLC now owns 69,745 shares of the technology company’s stock valued at $4,456,000 after buying an additional 21,890 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Hewlett Packard Enterprise by 387.9% in the second quarter. Assenagon Asset Management S.A. now owns 1,240,000 shares of the technology company’s stock valued at $55,936,000 after buying an additional 985,829 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Down 8.1%

Shares of HPE opened at $63.22 on Thursday. The firm has a market cap of $83.92 billion, a P/E ratio of 32.93, a price-to-earnings-growth ratio of 0.61 and a beta of 1.39. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.72 and a current ratio of 1.11. Hewlett Packard Enterprise Company has a 52 week low of $19.84 and a 52 week high of $73.56. The firm’s 50-day simple moving average is $59.18 and its 200 day simple moving average is $46.02.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Wednesday, September 2nd. The technology company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.18. The firm had revenue of $12.21 billion during the quarter, compared to the consensus estimate of $11.97 billion. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The business’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period last year, the business 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. On average, 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 paid 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 0.9%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 29.69%.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP Rami Rahim sold 34,456 shares of Hewlett Packard Enterprise stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 875,133 shares of the company’s stock, valued at approximately $53,750,668.86. This trade represents a 3.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Antonio Neri sold 250,000 shares of the company’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $60.44, for a total value of $15,110,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,432,393 shares in the company, valued at approximately $86,573,832.92. This 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. Over the last quarter, insiders have sold 551,456 shares of company stock worth $35,271,258. Company insiders own 0.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on HPE shares. Evercore boosted their target price on shares of Hewlett Packard Enterprise from $65.00 to $67.00 and gave the stock an “outperform” rating in a report 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. Loop Capital lowered their price objective on shares of Hewlett Packard Enterprise from $75.00 to $65.00 and set a “buy” rating on the stock in a research note on Tuesday, September 8th. Truist Financial reaffirmed a “buy” rating and issued a $75.00 target price (up from $70.00) on shares of Hewlett Packard Enterprise in a report on Thursday, October 1st. Finally, Daiwa Securities Group upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to an “outperform” rating and raised their target price for the company from $65.00 to $75.00 in a research note on Friday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.44.

Hewlett Packard Enterprise News Summary

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

• Positive Sentiment: HPE continues to benefit from strong demand for traditional servers, AI systems and networking equipment, as well as higher server pricing. The company recently reported record revenue, orders and backlog, while its Juniper acquisition and networking outlook have added support to the investment case. What Was HPE Telling You Before Its Stock Ran?
• Positive Sentiment: Daiwa upgraded HPE to Outperform, providing a counterpoint to the more cautious analyst views. The company has also cited a $1.2 billion AI order from Vultr and raised its long-term networking growth outlook. Daiwa upgrades Hewlett Packard Enterprise stock to Outperform
• Neutral Sentiment: HPE has dramatically outperformed the broader market over the past year, supported by accelerating sales growth and higher fiscal-year outlooks. However, that performance has increased investor sensitivity to valuation and the need for continued execution. What Changed For HPE Stock, And What Did Not?
• Negative Sentiment: Barclays downgraded HPE to Equal Weight from Overweight and reduced its price target to $77 from $83. The firm cited elevated valuation and a lack of a “meaningful AI inflection,” raising concerns that enterprise technology spending and AI-related growth may not justify further multiple expansion. Why Hewlett Packard Enterprise Stock Is Trading Lower Today
• Negative Sentiment: Evercore previously cut HPE to In Line with a $65 target for similar valuation reasons, reinforcing the view that the shares may need stronger near-term catalysts after their steep advance. Evercore cuts Hewlett Packard Enterprise stock to In Line

Hewlett Packard Enterprise Company Profile

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.