Hewlett Packard Enterprise Company $HPE Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 13.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 249,005 shares of the technology company’s stock after selling 37,571 shares during the quarter. State of Alaska Department of Revenue’s holdings in Hewlett Packard Enterprise were worth $15,908,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at about $1,027,139,000. Primecap Management Co. CA purchased a new position in Hewlett Packard Enterprise during the second quarter worth about $773,225,000. Elliott Investment Management L.P. boosted its holdings in Hewlett Packard Enterprise by 47.2% during the first quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock worth $652,912,000 after purchasing an additional 8,790,757 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Hewlett Packard Enterprise by 6.1% during the second 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 worth $590,435,000 after purchasing an additional 756,972 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in Hewlett Packard Enterprise in the 2nd quarter worth about $512,721,000. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Stock Performance

HPE traded down $4.11 during trading on Thursday, hitting $59.00. 18,495,547 shares of the company traded hands, compared to its average volume of 21,274,180. The firm has a market cap of $78.32 billion, a P/E ratio of 30.72, a price-to-earnings-growth ratio of 0.61 and a beta of 1.39. The stock’s fifty day moving average is $59.18 and its 200 day moving average is $46.02. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 0.65. Hewlett Packard Enterprise Company has a one year low of $19.84 and a one year high of $73.56.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Wednesday, September 2nd. The technology company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same quarter last year, the company 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, equities analysts predict that Hewlett Packard Enterprise Company will post 3.34 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have commented on HPE shares. Wells Fargo & Company lifted their target price on shares of Hewlett Packard Enterprise from $54.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 1st. Argus reaffirmed a “buy” rating and issued a $70.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, September 4th. Susquehanna decreased their price target on Hewlett Packard Enterprise from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Friday, September 4th. UBS Group increased their price target on Hewlett Packard Enterprise from $59.00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday, October 1st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Hewlett Packard Enterprise in a report on Tuesday, September 1st. They set a “buy” rating and a $62.00 price target on the stock. 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 target price of $65.44.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, Director Gary Reiner sold 17,000 shares of the stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rami Rahim sold 34,456 shares of the firm’s stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $61.42, for a total value 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 $53,750,668.86. This represents a 3.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 551,456 shares of company stock valued at $35,271,258. 0.44% of the stock is owned by company insiders.

Key Headlines Impacting Hewlett Packard Enterprise

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

• Positive Sentiment: HPE continues to benefit from robust demand for traditional servers, AI systems and networking. Its latest quarterly results showed record revenue, orders and backlog, while management has raised its outlook for fiscal 2026 and fiscal 2027. The company also disclosed a $1.2 billion AI order from cloud provider Vultr and increased its long-term networking growth forecast. What Was HPE Telling You Before Its Stock Ran?
• Positive Sentiment: Daiwa upgraded HPE to Outperform, indicating that some analysts still see upside based on the company’s AI, networking and cloud-related demand. Daiwa upgrades Hewlett Packard Enterprise stock to Outperform
• Neutral Sentiment: Evercore lowered HPE to In Line with a $65 price target, citing valuation rather than a deterioration in business fundamentals. The firm acknowledged improved networking prospects and ongoing AI demand but saw limited near-term catalysts for further multiple expansion. What Changed For HPE Stock, And What Did Not?
• Negative Sentiment: Barclays downgraded HPE from Overweight to Equal Weight and reduced its price target to $77 from $83. The analyst cited HPE’s substantial rally, elevated valuation and a lack of a meaningful near-term AI growth inflection. Why Hewlett Packard Enterprise Stock Is Trading Lower Today
• Negative Sentiment: The Barclays call also weighed on Dell, NetApp and other AI-exposed hardware stocks, reflecting broader concerns that enterprise customers may delay or moderate AI infrastructure spending. This raises questions about the pace and timing of HPE’s future AI-related revenue growth. Why are Dell and HPE stocks plunging today?

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.