Hewlett Packard Enterprise Company $HPE Position Cut by Bell Bank

Key Points

• Bell Bank cut its HPE position by 23.8% in the third quarter, selling 86,811 shares and retaining 277,843 shares valued at approximately $17.8 million. Institutional investors collectively own 80.78% of HPE.
• HPE reported strong quarterly results, with revenue rising 33.7% year over year to $12.21 billion and EPS of $1.11, exceeding analyst expectations. The company also launched new AI-focused ProLiant Gen13 servers powered by AMD processors.
• Investor sentiment remains mixed: analysts maintain a “Moderate Buy” consensus with a $65.44 average price target, while Barclays lowered its target to $77 and HPE insiders sold $35.3 million of stock last quarter.

Bell Bank reduced its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 23.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 277,843 shares of the technology company's stock after selling 86,811 shares during the period. Hewlett Packard Enterprise comprises approximately 0.7% of Bell Bank's holdings, making the stock its 19th largest holding. Bell Bank's holdings in Hewlett Packard Enterprise were worth $17,751,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth about $1,027,139,000. Primecap Management Co. CA bought a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter valued at about $773,225,000. Elliott Investment Management L.P. raised its stake 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 acquiring an additional 8,790,757 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 acquiring an additional 756,972 shares during the period. Finally, Legal & General Group Plc bought a new position in Hewlett Packard Enterprise in the second quarter worth about $512,721,000. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise News Summary

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

• Positive Sentiment: AI-server sector rebound: HPE shares moved higher alongside Super Micro Computer and Dell after Super Micro reported strong preliminary quarterly revenue, easing concerns from the prior week’s AI-hardware selloff. Super Micro Computer Surges On Blowout Preliminary Revenue; Dell, HPE Also Jump
• Positive Sentiment: New AI server platform: HPE launched ProLiant Gen13 servers using sixth-generation AMD EPYC processors. The systems target AI inference, agentic AI, simulations and financial modeling, potentially supporting higher-value enterprise infrastructure growth. Learn Why The Bull Case For HPE Stock Could Change Following Gen13 Server Launch
• Positive Sentiment: Miami Heat contract: HPE will modernize wired and wireless networking at Miami’s Kaseya Center, including AI-enabled connectivity and Wi-Fi infrastructure. The deal provides a visible customer reference for HPE’s networking and self-driving network offerings, though its direct financial impact is likely modest. HPE and Miami HEAT transform Kaseya Center fan experience
• Positive Sentiment: Space and HPC publicity: HPE’s Spaceborne Computer 4 is planned to run high-performance computing and AI benchmarks on the Moon aboard Astrolab’s FLIP rover, reinforcing the company’s positioning in specialized computing. The announcement is strategically notable but not an immediate earnings driver. HPE Spaceborne Computer to Power High Performance Computing and AI on the Moon
• Neutral Sentiment: Refurbished infrastructure opportunity: HPE’s upcycling business may benefit from demand for lower-cost refurbished equipment as companies expand AI capacity, including potential opportunities tied to Juniper Networks. HPE upcycle biz sees Juniper opportunity amid AI refurb surge
• Negative Sentiment: Price-target cut: Barclays lowered its HPE target from $83 to $77. The revised target remains above the recent trading level, but the reduction signals increasing caution after recent volatility and concerns that strong AI growth may not fully translate into sustainable returns. Barclays cuts target for Hewlett Packard Enterprise stock

Insider Activity

In related news, 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 value of $967,470.00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Antonio Neri sold 250,000 shares of the firm's stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $68.31, for a total transaction of $17,077,500.00. Following the sale, the chief executive officer owned 1,182,393 shares of the company's stock, valued at approximately $80,769,265.83. This represents a 17.45% 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. Insiders sold 551,456 shares of company stock worth $35,271,258 over the last quarter. Corporate insiders own 0.44% of the company's stock.

Hewlett Packard Enterprise Stock Up 0.3%

Shares of HPE stock opened at $56.06 on Wednesday. Hewlett Packard Enterprise Company has a 1 year low of $19.84 and a 1 year high of $73.56. 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 fifty day moving average is $59.40 and its 200-day moving average is $46.95. The stock has a market cap of $74.42 billion, a PE ratio of 29.20, a price-to-earnings-growth ratio of 0.50 and a beta of 1.39.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.18. The company 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%. Hewlett Packard Enterprise's revenue was up 33.7% on a year-over-year basis. During the same period in the prior 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. Equities analysts expect that Hewlett Packard Enterprise Company will post 3.34 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, September 17th were issued a $0.1425 dividend. The ex-dividend date was Thursday, September 17th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.0%. Hewlett Packard Enterprise's dividend payout ratio is presently 29.69%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Hewlett Packard Enterprise from $68.00 to $70.00 in a research report on Tuesday, August 25th. Bank of America increased their target price on Hewlett Packard Enterprise from $80.00 to $82.00 and gave the stock a "buy" rating in a research report on Monday, August 31st. Argus reaffirmed a "buy" rating and issued a $70.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, September 4th. Piper Sandler raised their target price on Hewlett Packard Enterprise from $57.00 to $70.00 and gave the company a "neutral" rating in a research note on Thursday, October 1st. Finally, Susquehanna reduced their price target on shares of Hewlett Packard Enterprise from $65.00 to $62.00 and set a "neutral" rating for the company in a report on Friday, September 4th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Hewlett Packard Enterprise currently has an average rating of "Moderate Buy" and a consensus price target of $65.44.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company NYSE: HPE is a global technology company that provides information technology solutions for businesses, governments and other organizations. Its offerings are designed to help customers build, manage and modernize data centers, hybrid cloud environments and edge computing operations.

HPE's portfolio includes enterprise servers and compute systems, data storage, networking products, high-performance computing and artificial intelligence infrastructure.

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