Hewlett Packard Enterprise Company $HPE Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 10.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,371,297 shares of the technology company's stock after acquiring an additional 131,297 shares during the period. Assenagon Asset Management S.A. owned 0.10% of Hewlett Packard Enterprise worth $87,612,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Hewlett Packard Enterprise during the 2nd quarter worth about $1,027,139,000. Primecap Management Co. CA bought a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at about $773,225,000. Legal & General Group Plc bought a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at about $512,721,000. Elliott Investment Management L.P. grew its position in shares of Hewlett Packard Enterprise by 47.2% during 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 buying an additional 8,790,757 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter worth approximately $322,718,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on HPE shares. 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. Loop Capital reduced their price objective on shares of Hewlett Packard Enterprise from $75.00 to $65.00 and set a "buy" rating on the stock in a research note on Tuesday, September 8th. Piper Sandler lifted their target price on shares of Hewlett Packard Enterprise from $57.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, October 1st. Barclays cut shares of Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $83.00 to $77.00 in a research report on Wednesday. Finally, Wells Fargo & Company increased their price target on Hewlett Packard Enterprise from $54.00 to $63.00 and gave the company an "equal weight" rating in a research note on Thursday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $65.44.

Insiders Place Their Bets

In other news, Director Gary M. Reiner sold 17,000 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $56.91, for a total transaction of $967,470.00. Following the completion of the transaction, the director directly owned 65,072 shares in the company, valued at $3,703,247.52. This represents a 20.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Rami Rahim sold 34,456 shares of the firm's stock in a transaction dated 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 completion of the transaction, the executive vice president owned 875,133 shares of the company's stock, valued at $53,750,668.86. The trade was a 3.79% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 551,456 shares of company stock valued at $35,271,258 in the last three months. 0.44% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Hewlett Packard Enterprise

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

• Positive Sentiment: HPE announced a planned $75 million expansion in Chippewa Falls, Wisconsin, expected to create 75 jobs. The investment supports the company’s manufacturing and infrastructure operations, although its near-term effect on earnings is likely limited. HPE to spend $75M to expand, add 75 jobs in Chippewa Falls
• Positive Sentiment: Some investors remain constructive because HPE has reported record revenue, orders and backlog, while demand for traditional servers, AI systems and networking—and higher server prices—has supported recent results. HPE stock was also reported to be up substantially for the year before the latest retreat. What Was HPE Telling You Before Its Stock Ran?
• Neutral Sentiment: ETF selling added to short-term pressure, while some dip buyers are betting that HPE can convert its AI and server orders into revenue. However, the recent decline has raised questions about whether earlier dip-buying strategies will continue to work. ETFs Are Net Sellers of Hewlett Packard Enterprise
• Negative Sentiment: Barclays downgraded HPE to Equal Weight from Overweight and lowered its price target to $77 from $83. The firm questioned how quickly corporate customers will adopt AI hardware and suggested that memory-component inflation, rather than new AI deployments, may be driving server revenue growth. Why Hewlett Packard Enterprise Stock Is Trading Lower Today
• Negative Sentiment: Concerns over how customers will finance large AI infrastructure projects have spread across hardware stocks, including HPE, Dell and Super Micro. The resulting sector-wide selling, combined with scrutiny of HPE’s server revenue quality and adoption timeline, drove a roughly 20% decline between October 9 and October 15. AI Financing Worries Extend Hardware Selloff

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $55.32 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.11 and a quick ratio of 0.72. The firm has a market cap of $73.44 billion, a price-to-earnings ratio of 28.81, a price-to-earnings-growth ratio of 0.52 and a beta of 1.39. The stock's 50-day moving average is $59.34 and its 200-day moving average is $46.33. Hewlett Packard Enterprise Company has a one year low of $19.84 and a one year high of $73.56.

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, topping the consensus estimate 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 company had revenue of $12.21 billion during the quarter, compared to analysts' expectations of $11.97 billion. During the same period last year, the business earned $0.44 EPS. The business'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. Equities analysts predict that Hewlett Packard Enterprise Company will post 3.34 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, September 17th were given a dividend of $0.1425 per share. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $0.57 annualized dividend and a yield of 1.0%. Hewlett Packard Enterprise's payout ratio is 29.69%.

Hewlett Packard Enterprise Company 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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