HighTower Advisors LLC Sells 26,875 Shares of Hewlett Packard Enterprise Company $HPE

HighTower Advisors LLC decreased its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 6.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 400,637 shares of the technology company’s stock after selling 26,875 shares during the period. HighTower Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $18,073,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of HPE. Freemont Management S.A. raised its holdings in shares of Hewlett Packard Enterprise by 197.1% in the 4th quarter. Freemont Management S.A. now owns 217,200 shares of the technology company’s stock valued at $5,217,000 after purchasing an additional 144,100 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Hewlett Packard Enterprise by 60.2% during the fourth quarter. CIBC Asset Management Inc now owns 337,691 shares of the technology company’s stock valued at $8,111,000 after purchasing an additional 126,938 shares in the last quarter. Irenic Capital Management LP purchased a new position in Hewlett Packard Enterprise during the first quarter valued at approximately $18,691,000. Banque Cantonale Vaudoise raised its stake in Hewlett Packard Enterprise by 73.6% in the fourth quarter. Banque Cantonale Vaudoise now owns 234,456 shares of the technology company’s stock worth $5,632,000 after buying an additional 99,412 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its stake in Hewlett Packard Enterprise by 33.0% in the fourth quarter. Handelsbanken Fonder AB now owns 615,334 shares of the technology company’s stock worth $14,780,000 after buying an additional 152,810 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Insider Activity

In related news, SVP Kirt Karros sold 18,785 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $48.50, for a total transaction of $911,072.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Stock Up 7.8%

NYSE:HPE opened at $56.04 on Wednesday. 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 twelve month low of $19.84 and a twelve month high of $64.25. The company has a market cap of $74.39 billion, a PE ratio of 29.19, a P/E/G ratio of 0.51 and a beta of 1.43. The company’s 50 day moving average is $50.32 and its two-hundred day moving average is $38.34.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data 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 business 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 in the previous 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. Analysts anticipate that Hewlett Packard Enterprise Company will post 3.03 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HPE shares. The Goldman Sachs Group increased their target price on Hewlett Packard Enterprise from $32.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Susquehanna upped their price objective on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Argus reaffirmed a “buy” rating and set a $70.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, September 4th. Barclays lifted their target price on Hewlett Packard Enterprise from $67.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Finally, UBS Group decreased their price target on shares of Hewlett Packard Enterprise from $65.00 to $59.00 and set a “neutral” rating for the company in a research report on Thursday, September 3rd. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.44.

Key Stories Impacting Hewlett Packard Enterprise

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

• Positive Sentiment: Strong quarterly growth and cash generation: HPE reported fiscal third-quarter revenue of approximately $12.2 billion, up 34% year over year. Operating cash flow was $1.641 billion, while company-defined free cash flow rose to $958 million from $790 million, supporting the company’s ability to fund expansion and shareholder returns. Hewlett Packard reported revenue and free cash flow
• Positive Sentiment: AI and networking momentum: Networking revenue reportedly jumped 75%, while a large infrastructure arrangement involving Oracle warrants and a $70 billion deal is reinforcing the investment case for HPE’s AI networking and data-center businesses. How Hewlett Packard shares bought an AI network
• Positive Sentiment: Sector tailwinds and favorable comparisons: AI-server stocks rallied as investors rotated toward hardware and enterprise infrastructure. Analysts and financial commentary continue to highlight HPE’s revenue backlog, AI opportunity and improving earnings outlook. HPE previously exceeded quarterly EPS and revenue estimates, further supporting bullish sentiment. AI server stocks and HPE margin outlook
• Neutral Sentiment: Analyst and investor attention: HPE received a rating update from a top analyst and presented at Citi’s Global TMT Conference. These events may influence expectations, but the articles provided do not specify the rating action or any major new guidance. HPE analyst rating update
• Negative Sentiment: Inventory and margin risk: The inventory build and supply-chain concerns remain important risks. Investors are assessing whether networking profitability can offset higher inventory and whether the strong margin performance is already reflected in guidance. HPE inventory and networking margins

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 and other organizations. Its offerings are designed to support data centers, cloud computing, artificial intelligence, networking and the management of distributed IT environments.

HPE’s portfolio includes enterprise servers, data storage systems, networking equipment, high-performance computing and software. Through its HPE GreenLake platform, the company also delivers cloud and as-a-service solutions that allow customers to access computing, storage, data protection and other IT capabilities through a flexible consumption model.