Hewlett Packard Enterprise Company $HPE Shares Sold by Ridgewood Investments LLC

Ridgewood Investments LLC lessened its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 27.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 22,456 shares of the technology company’s stock after selling 8,670 shares during the quarter. Ridgewood Investments LLC’s holdings in Hewlett Packard Enterprise were worth $1,435,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Delos Wealth Advisors LLC acquired a new position in Hewlett Packard Enterprise in the 2nd quarter valued at $27,000. SJS Investment Consulting Inc. grew its position in shares of Hewlett Packard Enterprise by 159.5% in the first quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock valued at $28,000 after purchasing an additional 716 shares during the last quarter. Union Savings Bank bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth about $30,000. First Bancorp Inc ME acquired a new position in shares of Hewlett Packard Enterprise during the 2nd quarter worth about $30,000. Finally, Reflection Asset Management bought a new stake in Hewlett Packard Enterprise during the 4th quarter valued at approximately $31,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HPE has been the subject of a number of research analyst reports. Raymond James Financial upped their price target on Hewlett Packard Enterprise from $74.00 to $86.00 and gave the stock an “outperform” rating in a report on Thursday, September 3rd. Zacks Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 4th. Wells Fargo & Company upped their target price on shares of Hewlett Packard Enterprise from $54.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday. Piper Sandler restated a “neutral” rating and set a $57.00 price objective (down from $63.00) on shares of Hewlett Packard Enterprise in a report on Thursday, September 3rd. Finally, Citigroup increased their target price on shares of Hewlett Packard Enterprise from $76.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $72.06.

Insider Activity

In other news, EVP Rami Rahim sold 34,456 shares of the business’s stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $61.42, for a total value of $2,116,287.52. Following the sale, the executive vice president owned 875,133 shares in the company, valued at approximately $53,750,668.86. The trade was a 3.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary M. Reiner sold 17,000 shares of the stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $56.91, for a total transaction of $967,470.00. Following the sale, the director owned 65,072 shares of the company’s stock, valued at $3,703,247.52. This trade represents a 20.71% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 301,456 shares of company stock worth $18,193,758. Corporate insiders own 0.44% of the company’s stock.

Key Stories Impacting Hewlett Packard Enterprise

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

• Positive Sentiment: HPE’s AI systems orders increased more than 30% sequentially to $2.4 billion, supporting the company’s growth outlook and helping drive a 22.3% gain in September. How HPE Stock Gained 22.3% in September
• Positive Sentiment: Daiwa Securities upgraded HPE to “Outperform,” adding to bullish Wall Street sentiment following the company’s AI-order momentum and recent share-price strength. Daiwa Securities Group Upgrades HPE to Outperform
• Positive Sentiment: HPE was selected as a worldwide supplier for the 2027 Ryder Cup, where it will provide intelligent connectivity, autonomous IT operations, AI-driven intelligence and digital fan-experience technology. The agreement enhances HPE’s visibility in enterprise networking and AI infrastructure. HPE Chosen to Deliver Intelligent Connectivity at the 2027 Ryder Cup
• Neutral Sentiment: Reviews of the completed hardware and infrastructure earnings season are assessing HPE’s performance relative to industry peers. The coverage reinforces investor focus on AI infrastructure demand, execution and competitive positioning, but provides limited new company-specific information. Hardware and Infrastructure Stocks Q2 Highlights
• Negative Sentiment: After reaching recent 52-week highs and gaining strongly in September, HPE may be experiencing profit-taking and increased valuation sensitivity. The stock’s pullback suggests investors are digesting its rapid advance despite the favorable AI narrative. Why NVDA, HPE and CRWD Stocks Rose to 52-Week Highs

Hewlett Packard Enterprise Price Performance

Shares of Hewlett Packard Enterprise stock traded down $0.95 during trading on Monday, hitting $68.38. 15,733,584 shares of the company’s stock traded hands, compared to its average volume of 21,334,973. The company has a market cap of $90.77 billion, a PE ratio of 35.61, a PEG ratio of 0.62 and a beta of 1.39. The firm’s fifty day moving average price is $55.81 and its 200 day moving average price is $43.39. Hewlett Packard Enterprise Company has a twelve month low of $19.84 and a twelve month high of $70.29. 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 (NYSE:HPE) last posted its earnings results 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 return on equity of 15.50% and a net margin of 6.60%.Hewlett Packard Enterprise’s revenue was up 33.7% on a year-over-year basis. During the same quarter last year, the company earned $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. Analysts forecast that Hewlett Packard Enterprise Company will post 3.34 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, September 17th will be issued a dividend of $0.1425 per share. 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 0.8%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 29.69%.

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.