Eastern Bank Buys 19,532 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• Eastern Bank increased its HPE stake by 206.4% in the third quarter, purchasing 19,532 additional shares for a total holding of 28,994 shares valued at approximately $1.85 million.
• Institutional investors own 80.78% of HPE, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $72.06. The company recently exceeded quarterly EPS and revenue expectations, supported by strong year-over-year growth.
• HPE shares opened at $68.38 near their 52-week high, amid momentum from rising AI-system orders and broader technology-sector strength. However, company insiders sold 301,456 shares worth approximately $18.2 million over the past three months.

Eastern Bank grew its stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 206.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,994 shares of the technology company's stock after buying an additional 19,532 shares during the quarter. Eastern Bank's holdings in Hewlett Packard Enterprise were worth $1,852,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Capital World Investors purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth about $901,751,000. Elliott Investment Management L.P. boosted its position 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 in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Hewlett Packard Enterprise in the second quarter valued at approximately $1,027,139,000. Primecap Management Co. CA acquired a new stake in Hewlett Packard Enterprise in the second quarter valued at approximately $773,225,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Hewlett Packard Enterprise by 6.1% in 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 valued at $590,435,000 after buying an additional 756,972 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HPE shares. Evercore lowered Hewlett Packard Enterprise from an "outperform" rating to an "in-line" rating and set a $65.00 target price on the stock. in a research report on Monday, September 14th. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 30th. Raymond James Financial increased their price objective on shares of Hewlett Packard Enterprise from $74.00 to $86.00 and gave the company an "outperform" rating in a report on Thursday, September 3rd. UBS Group lifted their target price on shares of 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, Morgan Stanley boosted their target price on shares of Hewlett Packard Enterprise from $67.00 to $72.00 and gave the stock an "overweight" rating in a research note on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $72.06.

Hewlett Packard Enterprise News Summary

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

• Positive Sentiment: AI orders are driving momentum. HPE’s AI systems orders reportedly rose more than 30% sequentially to $2.4 billion, helping the stock gain 22.3% in September and reinforcing expectations for continued growth in AI servers and related infrastructure. How HPE Stock Gained 22.3% in September
• Positive Sentiment: Analyst sentiment improved. Daiwa Securities upgraded HPE to “Outperform,” adding to the bullish outlook and contributing to a reported roughly 7.5% increase in the stock. Daiwa Securities Group Upgrades Hewlett Packard Enterprise to Outperform Hewlett Packard Enterprise Stock Price Up 7.5% on Analyst Upgrade
• Positive Sentiment: New Ryder Cup contract highlights HPE’s networking and AI capabilities. HPE will serve as a worldwide supplier for the 2027 Ryder Cup, providing intelligent connectivity, autonomous IT operations, AI-driven intelligence and a secure self-driving network. The deal offers visibility for HPE’s edge, networking and AI technology, although financial terms were not disclosed. HPE Chosen to Deliver Intelligent Connectivity and Autonomous IT Operations at the 2027 Ryder Cup
• Neutral Sentiment: Sector-wide strength is also supporting HPE. HPE, Nvidia and CrowdStrike reached 52-week highs amid broader technology-sector tailwinds and Wall Street optimism, suggesting some of HPE’s gains reflect market-wide enthusiasm rather than company-specific news alone. Why Did NVDA, HPE, CRWD Stocks Rise to 52-Week Highs Last Week?
• Neutral Sentiment: Peer comparisons and investment commentary remain in focus. Reviews of the completed hardware and infrastructure earnings season and a Zacks feature are drawing attention to HPE’s relative performance, but the supplied reports do not identify a new material earnings estimate change. Hardware and Infrastructure Stocks Q2 Highlights: Hewlett Packard Enterprise

Insider Activity

In other Hewlett Packard Enterprise news, CEO Antonio Neri sold 250,000 shares of the business's stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $60.44, for a total value of $15,110,000.00. Following the sale, the chief executive officer owned 1,432,393 shares of the company's stock, valued at $86,573,832.92. The trade was a 14.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 transaction, the executive vice president owned 875,133 shares of the company's stock, valued at approximately $53,750,668.86. This represents a 3.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 301,456 shares of company stock valued at $18,193,758. Company insiders own 0.44% of the company's stock.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $68.38 on Tuesday. Hewlett Packard Enterprise Company has a one year low of $19.84 and a one year high of $70.29. The company has a market cap of $90.77 billion, a price-to-earnings ratio of 35.61, a PEG ratio of 0.62 and a beta of 1.39. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.72 and a current ratio of 1.11. The business's 50 day moving average price is $56.21 and its 200 day moving average price is $43.72.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings data on Wednesday, September 2nd. The technology company reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.18. Hewlett Packard Enterprise had a return on equity of 15.50% and a net margin of 6.60%.The firm had revenue of $12.21 billion for the quarter, compared to analysts' expectations of $11.97 billion. During the same period in the prior year, the firm posted $0.44 earnings per share. The firm's quarterly revenue was up 33.7% on a year-over-year basis. 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. On average, research analysts predict that Hewlett Packard Enterprise Company will post 3.34 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, September 17th will be paid a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, September 17th. Hewlett Packard Enterprise's payout ratio is 29.69%.

Hewlett Packard Enterprise 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.

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