Hewlett Packard Enterprise Company $HPE Shares Newly Bought by Sacks & Associates LLC

Key Points

• Sacks & Associates LLC purchased 17,180 HPE shares worth approximately $1.1 million in the third quarter. Other institutional investors also added positions, with institutions now owning 80.78% of the stock.
• HPE reported quarterly EPS of $1.11, exceeding the $0.93 analyst consensus, while revenue rose 33.7% year over year to $12.21 billion. The stock opened at $73.50, near its 52-week high of $73.56.
• Analysts maintain a generally positive outlook, with HPE carrying a “Moderate Buy” consensus rating and a $65.78 average price target. The company also declared a quarterly dividend of $0.1425 per share, equal to a 0.8% annualized yield.

Sacks & Associates LLC bought a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 17,180 shares of the technology company's stock, valued at approximately $1,098,000.

Several other large investors have also recently made changes to their positions in HPE. Sound Income Strategies LLC bought a new stake in Hewlett Packard Enterprise in the third quarter worth $826,000. GK Wealth Management LLC bought a new position in shares of Hewlett Packard Enterprise during the third quarter valued at $145,000. Castle Rock Wealth Management LLC increased its holdings in shares of Hewlett Packard Enterprise by 24.5% during the third quarter. Castle Rock Wealth Management LLC now owns 28,037 shares of the technology company's stock valued at $1,976,000 after acquiring an additional 5,521 shares in the last quarter. Bill Few Associates Inc. purchased a new position in shares of Hewlett Packard Enterprise in the 3rd quarter worth about $244,000. Finally, Bullock Wealth Management Group purchased a new position in shares of Hewlett Packard Enterprise in the 3rd quarter worth about $48,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Price Performance

HPE opened at $73.50 on Friday. 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 stock has a market capitalization of $97.56 billion, a P/E ratio of 38.28, a P/E/G ratio of 0.63 and a beta of 1.39. The company's 50-day simple moving average is $58.25 and its two-hundred day simple moving average is $44.96. Hewlett Packard Enterprise Company has a 52-week low of $19.84 and a 52-week high of $73.56.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.18. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The firm had revenue of $12.21 billion during the quarter, compared to analyst estimates of $11.97 billion. During the same period in the previous year, the business posted $0.44 earnings per share. The business's revenue for the quarter 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. As a group, analysts predict that Hewlett Packard Enterprise Company will post 3.34 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently commented on HPE. Citigroup increased their price objective on shares of Hewlett Packard Enterprise from $76.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, October 1st. Loop Capital decreased their target price on shares of Hewlett Packard Enterprise from $75.00 to $65.00 and set a "buy" rating for the company in a report on Tuesday, September 8th. Evercore upped their target price on shares of Hewlett Packard Enterprise from $65.00 to $67.00 and gave the stock an "outperform" rating in a research note on Thursday, October 1st. Bank of America increased their price target on shares of Hewlett Packard Enterprise from $80.00 to $82.00 and gave the company a "buy" rating in a report on Monday, August 31st. Finally, Wells Fargo & Company raised their price target on shares of Hewlett Packard Enterprise from $54.00 to $63.00 and gave the company an "equal weight" rating in a research report on Thursday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $65.78.

Key Headlines Impacting Hewlett Packard Enterprise

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

• Positive Sentiment: Wall Street’s outlook has improved as HPE benefits from strong AI-related demand, surging server sales, a growing backlog and expanding HPE GreenLake adoption. Analysts see additional upside, with some coverage pointing to a price target near $92. HPE Stock Has Nearly Tripled
• Positive Sentiment: Mizuho Securities selected HPE Cray XD2000 systems for a direct-liquid-cooling-ready data center supporting advanced financial simulations and future private AI initiatives. The deployment offers evidence of demand for HPE’s high-performance computing and energy-efficient AI infrastructure. Mizuho Securities Selects HPE
• Positive Sentiment: Investor enthusiasm is also being supported by HPE’s networking business, its Juniper Networks acquisition, and a reported $1.2 billion AMD Helios AI Rack order from Vultr. Jim Cramer said HPE has “finally broken out of its funk,” while bullish earnings revisions and robust recent results are sustaining momentum. Jim Cramer Says HPE Has Finally Turned a Corner
• Neutral Sentiment: The stock’s sharp rally and new highs have increased valuation and profit-taking risks. Although earnings estimates remain supportive, investors are weighing whether continued AI growth justifies the already substantial gains. Should You Buy, Sell or Hold HPE Stock
• Negative Sentiment: CEO Antonio Neri sold 250,000 shares worth approximately $17.1 million, reducing his direct holdings by 17.45%. The sale occurred under a pre-arranged Rule 10b5-1 plan, limiting its significance as a bearish signal, but it may still weigh modestly on sentiment.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, Director Gary Reiner sold 17,000 shares of Hewlett Packard Enterprise stock in a transaction on 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 owned 65,072 shares of the company's stock, valued at $3,703,247.52. The trade was a 20.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Rami Rahim sold 34,456 shares of the company'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 of the company's stock, valued at approximately $53,750,668.86. This trade represents a 3.79% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 551,456 shares of company stock worth $35,271,258. Insiders own 0.44% of the company's stock.

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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