Hewlett Packard Enterprise Company $HPE Stock Sold by Artemis Investment Management LLP

Key Points

• Artemis Investment Management cut its HPE stake by 38% in the third quarter, selling 512,221 shares and retaining 837,082 shares valued at approximately $53.5 million. Institutional investors collectively own 80.78% of HPE.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $72.06; several firms recently raised their targets, although Evercore downgraded the stock to “in-line.”
• HPE reported better-than-expected quarterly results, with $1.11 in adjusted EPS and $12.21 billion in revenue, while its AI infrastructure and networking momentum supported a sharp stock rally toward its 52-week high.

Artemis Investment Management LLP trimmed its holdings in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 38.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 837,082 shares of the technology company's stock after selling 512,221 shares during the quarter. Artemis Investment Management LLP owned about 0.06% of Hewlett Packard Enterprise worth $53,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HPE. Truist Financial reiterated a "buy" rating and issued a $75.00 target price (up from $70.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, October 1st. Citigroup increased their price objective on Hewlett Packard Enterprise from $76.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, October 1st. 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. Morgan Stanley upped their price objective on Hewlett Packard Enterprise from $67.00 to $72.00 and gave the company an "overweight" rating in a research report on Thursday, October 1st. Finally, Evercore downgraded Hewlett Packard Enterprise from an "outperform" rating to an "in-line" rating and set a $65.00 price target for the company. in a research note on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Hewlett Packard Enterprise has a consensus rating of "Moderate Buy" and a consensus price target of $72.06.

More Hewlett Packard Enterprise News

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

• Positive Sentiment: HPE introduced four ProLiant Gen13 servers powered by AMD’s latest EPYC processors. The systems target agentic AI, inference, analytics, virtualization and simulation workloads, strengthening HPE’s position in enterprise AI infrastructure. HPE Accelerates Enterprise AI Innovation With Next-Generation AMD CPU-Powered Servers
• Positive Sentiment: Mizuho Securities selected HPE Cray XD2000 systems for a liquid-cooling-ready data center to support advanced financial simulations. The deal provides fresh evidence of demand for HPE’s high-performance computing and AI capabilities. Mizuho Securities Selects HPE to Accelerate Advanced Financial Simulations and Strengthen AI Readiness
• Positive Sentiment: Investors are increasingly valuing HPE as an AI networking and infrastructure provider. A reported $1.2 billion AMD Helios AI Rack order from Vultr, HPE’s Juniper networking assets and improved analyst targets have reinforced the growth narrative.
• Neutral Sentiment: HPE has climbed roughly 40% in a month and recently reached a record high, increasing the likelihood of profit-taking and making further gains more dependent on execution and earnings growth. Hewlett Packard Enterprise Just Surged 40% in a Month
• Negative Sentiment: CEO Antonio Neri sold 250,000 shares worth approximately $17.1 million, reducing his direct stake by 17.45%. The sale was conducted under a pre-arranged Rule 10b5-1 plan, limiting its bearish significance, but it may still weigh on sentiment.
• Negative Sentiment: Broader server stocks are experiencing profit-taking after their recent rally, creating sector-wide pressure for HPE despite its favorable AI announcements.

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 that occurred on Monday, September 14th. The stock was sold at an average price of $56.91, for a total transaction of $967,470.00. Following the sale, the director owned 65,072 shares of the company's stock, valued at approximately $3,703,247.52. This trade represents a 20.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rami Rahim sold 34,456 shares of the business's 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 completion of the transaction, the executive vice president directly owned 875,133 shares in the company, 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. Insiders have sold a total of 551,456 shares of company stock valued at $35,271,258 over the last ninety days. 0.44% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Stock Performance

NYSE HPE traded down $1.15 on Thursday, hitting $70.94. 7,889,633 shares of the company traded hands, compared to its average volume of 21,260,895. The business's 50 day moving average price is $57.27 and its 200-day moving average price is $44.41. Hewlett Packard Enterprise Company has a 52-week low of $19.84 and a 52-week high of $73.28. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $94.17 billion, a price-to-earnings ratio of 37.10, a P/E/G ratio of 0.63 and a beta of 1.39.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The technology company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.93 by $0.18. The firm had revenue of $12.21 billion for the quarter, compared to the consensus estimate of $11.97 billion. Hewlett Packard Enterprise had a return on equity of 15.50% and a net margin of 6.60%.The business's revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 earnings per share. 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 year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders 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 yield of 0.8%. The ex-dividend date is Thursday, September 17th. Hewlett Packard Enterprise's dividend payout ratio is presently 29.69%.

About Hewlett Packard Enterprise

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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