16,974,768 Shares in Hewlett Packard Enterprise Company $HPE Purchased by Jericho Capital Asset Management L.P.

Key Points

• Jericho Capital Asset Management bought 16,974,768 shares of Hewlett Packard Enterprise (NYSE:HPE) in Q3 — about $416.9 million — bringing its stake to 1.29% of HPE and making the stock its eighth-largest holding.
• HPE reported Q results with $0.65 EPS (beating $0.59 est.) and $9.30B revenue (+18.4% YoY), set FY2026 EPS guidance of 2.30–2.50, and announced a quarterly dividend of $0.1425 (annualized yield ~2.6%).

Jericho Capital Asset Management L.P. purchased a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 16,974,768 shares of the technology company's stock, valued at approximately $416,900,000. Hewlett Packard Enterprise accounts for 4.3% of Jericho Capital Asset Management L.P.'s holdings, making the stock its 8th largest position. Jericho Capital Asset Management L.P. owned 1.29% of Hewlett Packard Enterprise at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. TFC Financial Management Inc. grew its stake in Hewlett Packard Enterprise by 2,694.4% during the third quarter. TFC Financial Management Inc. now owns 1,006 shares of the technology company's stock valued at $25,000 after acquiring an additional 970 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Hewlett Packard Enterprise by 176.7% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company's stock worth $26,000 after purchasing an additional 666 shares in the last quarter. Chilton Capital Management LLC bought a new position in Hewlett Packard Enterprise in the 3rd quarter valued at $30,000. Headlands Technologies LLC purchased a new position in shares of Hewlett Packard Enterprise during the 2nd quarter valued at $26,000. Finally, Clearstead Trust LLC grew its position in shares of Hewlett Packard Enterprise by 93.8% during the 3rd quarter. Clearstead Trust LLC now owns 1,291 shares of the technology company's stock valued at $32,000 after purchasing an additional 625 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $21.60 on Monday. The company has a market capitalization of $28.65 billion, a price-to-earnings ratio of -113.66, a PEG ratio of 0.56 and a beta of 1.31. The business has a 50 day moving average of $21.91 and a 200 day moving average of $23.05. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.03 and a quick ratio of 0.75. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings results on Monday, March 9th. The technology company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.06. The business had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.31 billion. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. The business's quarterly revenue was up 18.4% on a year-over-year basis. During the same period last year, the business earned $0.49 earnings per share. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.300-2.500 EPS and its Q2 2026 guidance at 0.510-0.550 EPS. On average, sell-side analysts predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Investors of record on Tuesday, March 24th will be given a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, March 24th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently -300.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on HPE shares. Morgan Stanley increased their price objective on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 10th. Citigroup boosted their target price on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock a "buy" rating in a research report on Wednesday, March 11th. Zacks Research upgraded Hewlett Packard Enterprise from a "strong sell" rating to a "hold" rating in a research note on Monday, December 8th. Bank of America raised their price target on Hewlett Packard Enterprise from $29.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, March 10th. Finally, The Goldman Sachs Group began coverage on Hewlett Packard Enterprise in a report on Tuesday, January 13th. They set a "buy" rating and a $31.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of "Moderate Buy" and a consensus target price of $26.50.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 26,457 shares of the firm's stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $24.49, for a total transaction of $647,931.93. Following the transaction, the chief executive officer directly owned 2,101,761 shares of the company's stock, valued at approximately $51,472,126.89. This trade represents a 1.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kirt P. Karros sold 36,460 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $24.61, for a total value of $897,280.60. Following the completion of the transaction, the senior vice president owned 18,785 shares in the company, valued at approximately $462,298.85. This represents a 66.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.44% of the company's stock.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE's product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.

A major focus for HPE is hybrid cloud and consumption-based IT.

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