BNP Paribas Trims Holdings in Hewlett Packard Enterprise Company $HPE

Key Points

• BNP Paribas cut its HPE holdings by 99.3% in the second quarter, selling 96,240 shares and retaining just 675 shares valued at approximately $30,000. Institutional investors still own 80.78% of the company, with several major funds establishing or expanding positions.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $69.80 versus HPE’s reported opening price of $52.31. However, ratings are mixed, including a recent downgrade by Zacks Research to “hold.”
• HPE reported a quarterly earnings beat, with $0.79 in EPS and $10.68 billion in revenue, up 40% year over year. Growth expectations are supported by demand for AI infrastructure, networking, and hybrid-cloud solutions, though Cisco may have a competitive edge in some networking and AI markets.

BNP Paribas reduced its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 99.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 675 shares of the technology company's stock after selling 96,240 shares during the period. BNP Paribas' holdings in Hewlett Packard Enterprise were worth $30,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of HPE. Capital World Investors purchased a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth $901,751,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Hewlett Packard Enterprise in the second quarter worth approximately $1,027,139,000. Primecap Management Co. CA purchased a new position in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $773,225,000. Legal & General Group Plc purchased a new stake in Hewlett Packard Enterprise in the second quarter worth approximately $512,721,000. Finally, Elliott Investment Management L.P. grew its position in Hewlett Packard Enterprise by 47.2% in the 1st 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 period. Institutional investors own 80.78% of the company's stock.

More Hewlett Packard Enterprise News

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

• Positive Sentiment: J.P. Morgan assigned HPE a Buy rating, adding to the bullish analyst support for the company. Hewlett Packard Enterprise Receives a Buy from J.P. Morgan
• Positive Sentiment: Analysts’ average price target implies approximately 25.5% upside, while upward earnings-estimate revisions suggest expectations for a potential earnings beat. The article cautions that price targets alone are not always reliable. HPE Potential Rally Analysis
• Positive Sentiment: HPE’s third-quarter outlook is supported by demand for AI infrastructure, networking, and hybrid-cloud solutions, with its expanded product portfolio potentially supporting revenue growth. HPE Q3 Earnings Preview
• Neutral Sentiment: Brokerages collectively rate HPE “Moderate Buy,” indicating broadly favorable sentiment but not unanimous conviction. HPE Consensus Recommendation
• Neutral Sentiment: Investors are awaiting detailed third-quarter projections for revenue, earnings, margins, and other operating metrics for the period ended July 2026. HPE Q3 Key Metrics Preview
• Negative Sentiment: Cisco may have an edge over HPE for long-term networking investors because of stronger hyperscaler AI orders, networking growth, and its expanding security business. HPE Versus Cisco Networking Comparison
• Negative Sentiment: HPE’s multiyear global Wi-Fi patent agreement with a blacklisted supplier could raise compliance and reputational concerns, despite resolving intellectual-property issues. HPE Global WiFi Patent Deal

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Zacks Research lowered Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Monday, August 3rd. Sanford C. Bernstein raised their price objective on shares of Hewlett Packard Enterprise from $35.00 to $62.00 and gave the stock a "market perform" rating in a report on Tuesday, June 2nd. Susquehanna boosted their target price on shares of Hewlett Packard Enterprise from $21.00 to $65.00 and gave the company a "neutral" rating in a research report on Tuesday, June 2nd. Piper Sandler reissued a "neutral" rating and set a $63.00 price objective (up from $23.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, June 2nd. Finally, Loop Capital upgraded Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and upped their price objective for the stock from $23.00 to $75.00 in a research note on Tuesday, June 2nd. Eleven 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, the company has a consensus rating of "Moderate Buy" and a consensus target price of $69.80.

Insiders Place Their Bets

In other news, SVP Kirt P. Karros sold 18,785 shares of the firm's stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $48.50, for a total value of $911,072.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 Trading Down 3.9%

Shares of HPE opened at $52.31 on Friday. The stock has a market capitalization of $69.27 billion, a PE ratio of 48.89, a P/E/G ratio of 0.58 and a beta of 1.42. The company's fifty day moving average is $49.46 and its 200 day moving average is $36.77. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.75 and a current ratio of 1.09. Hewlett Packard Enterprise Company has a fifty-two week low of $19.84 and a fifty-two week high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.25. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The business had revenue of $10.68 billion during the quarter, compared to analyst estimates of $9.78 billion. During the same period last year, the company earned ($0.82) EPS. The company's revenue for the quarter was up 40.0% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2026 guidance at 3.350-3.450 EPS and its Q3 2026 guidance at 0.880-0.930 EPS. Sell-side analysts expect that Hewlett Packard Enterprise Company will post 2.92 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th were paid a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, June 16th. Hewlett Packard Enterprise's dividend payout ratio is 53.27%.

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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