Hewlett Packard Enterprise Company $HPE Shares Sold by Viking Fund Management LLC

Key Points

• Viking Fund Management cut its HPE stake by 36% in the third quarter, selling 180,000 shares and retaining 320,000 shares valued at approximately $20.4 million. Institutional investors collectively own 80.78% of the company.
• HPE reported stronger-than-expected quarterly results, with earnings of $1.11 per share and revenue of $12.21 billion, up 33.7% year over year. The company also declared a quarterly dividend of $0.1425 per share, or $0.57 annualized.
• Analyst sentiment remains generally positive, with an average “Moderate Buy” rating and a $65.44 price target, although Barclays and Evercore cited elevated valuation and limited near-term AI catalysts. Company insiders have sold more than 551,000 shares worth about $35.3 million over the past 90 days.

Viking Fund Management LLC lessened its stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 36.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 320,000 shares of the technology company's stock after selling 180,000 shares during the period. Hewlett Packard Enterprise accounts for 1.7% of Viking Fund Management LLC's portfolio, making the stock its 13th largest holding. Viking Fund Management LLC's holdings in Hewlett Packard Enterprise were worth $20,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. Mather Group LLC. boosted its holdings in Hewlett Packard Enterprise by 14.0% in the third quarter. Mather Group LLC. now owns 4,224 shares of the technology company's stock valued at $270,000 after acquiring an additional 520 shares during the last quarter. Johnson Bixby & Associates LLC acquired a new stake in Hewlett Packard Enterprise in the third quarter worth about $270,000. Triumph Capital Management increased its position in Hewlett Packard Enterprise by 208.6% in the third quarter. Triumph Capital Management now owns 466 shares of the technology company's stock worth $30,000 after purchasing an additional 315 shares during the period. Sanders Morris Harris LLC bought a new stake in Hewlett Packard Enterprise during the 3rd quarter worth about $1,661,000. Finally, Generate Investment Management Ltd bought a new stake in Hewlett Packard Enterprise during the 3rd quarter worth about $19,340,000. Institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Down 8.1%

Shares of NYSE:HPE opened at $63.22 on Thursday. Hewlett Packard Enterprise Company has a 52 week low of $19.84 and a 52 week 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 company has a market capitalization of $83.92 billion, a PE ratio of 32.93, a PEG ratio of 0.61 and a beta of 1.39. The company has a 50 day moving average price of $59.18 and a two-hundred day moving average price of $46.02.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its 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 for the quarter, compared to analyst estimates of $11.97 billion. During the same period last year, the business posted $0.44 earnings per share. The business's revenue for the quarter was up 33.7% compared to the same quarter last year. 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. Analysts forecast that Hewlett Packard Enterprise Company will post 3.34 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, September 17th will be paid a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, September 17th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 29.69%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 17,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $56.91, for a total transaction of $967,470.00. Following the transaction, the director directly owned 65,072 shares in the company, valued at approximately $3,703,247.52. The trade was a 20.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Rami Rahim sold 34,456 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 875,133 shares of the company's stock, valued at approximately $53,750,668.86. The trade was a 3.79% 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. Over the last ninety days, insiders have sold 551,456 shares of company stock worth $35,271,258. Corporate insiders own 0.44% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on HPE shares. Zacks Research upgraded shares of Hewlett Packard Enterprise from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 4th. Deutsche Bank Aktiengesellschaft started coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, September 1st. They set a "buy" rating and a $62.00 price target for the company. Wall Street Zen raised shares of Hewlett Packard Enterprise from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 30th. Bank of America increased their price objective 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, Morgan Stanley increased their price objective on shares of Hewlett Packard Enterprise from $67.00 to $72.00 and gave the company an "overweight" rating in a report on Thursday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise has an average rating of "Moderate Buy" and an average price target of $65.44.

Hewlett Packard Enterprise News Summary

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

• Positive Sentiment: HPE continues to benefit from strong demand for traditional servers, AI systems and networking equipment, as well as higher server pricing. The company recently reported record revenue, orders and backlog, while its Juniper acquisition and networking outlook have added support to the investment case. What Was HPE Telling You Before Its Stock Ran?
• Positive Sentiment: Daiwa upgraded HPE to Outperform, providing a counterpoint to the more cautious analyst views. The company has also cited a $1.2 billion AI order from Vultr and raised its long-term networking growth outlook. Daiwa upgrades Hewlett Packard Enterprise stock to Outperform
• Neutral Sentiment: HPE has dramatically outperformed the broader market over the past year, supported by accelerating sales growth and higher fiscal-year outlooks. However, that performance has increased investor sensitivity to valuation and the need for continued execution. What Changed For HPE Stock, And What Did Not?
• Negative Sentiment: Barclays downgraded HPE to Equal Weight from Overweight and reduced its price target to $77 from $83. The firm cited elevated valuation and a lack of a “meaningful AI inflection,” raising concerns that enterprise technology spending and AI-related growth may not justify further multiple expansion. Why Hewlett Packard Enterprise Stock Is Trading Lower Today
• Negative Sentiment: Evercore previously cut HPE to In Line with a $65 target for similar valuation reasons, reinforcing the view that the shares may need stronger near-term catalysts after their steep advance. Evercore cuts Hewlett Packard Enterprise stock to In Line

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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