Legacy Private Trust Co. Makes New Investment in Hewlett Packard Enterprise Company $HPE

Key Points

• Legacy Private Trust Co. acquired 15,623 HPE shares worth approximately $998,000 in the third quarter. Institutional investors collectively own 80.78% of the company.
• HPE reported quarterly EPS of $1.11, beating estimates of $0.93, while revenue rose 33.7% year over year to $12.21 billion. Analysts maintain a consensus “Moderate Buy” rating with a $72.06 price target.
• Shares opened at $70.47, near their 52-week high, as AI infrastructure demand and rising earnings estimates support investor optimism. However, company insiders sold roughly $18.2 million of stock over the past 90 days.

Legacy Private Trust Co. bought a new stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 15,623 shares of the technology company's stock, valued at approximately $998,000.

Several other large investors have also made changes to their positions in the company. Delos Wealth Advisors LLC acquired a new position in Hewlett Packard Enterprise in the second quarter valued at about $27,000. SJS Investment Consulting Inc. increased its holdings in shares of Hewlett Packard Enterprise by 159.5% during the first quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company's stock worth $28,000 after buying an additional 716 shares in the last quarter. Union Savings Bank bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $30,000. First Bancorp Inc ME bought a new stake in Hewlett Packard Enterprise during the 2nd quarter worth approximately $30,000. Finally, Reflection Asset Management acquired a new stake in Hewlett Packard Enterprise during the 4th quarter valued at $31,000. Institutional investors own 80.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on HPE. Wall Street Zen raised Hewlett Packard Enterprise from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 30th. Morgan Stanley upped their price target on shares of Hewlett Packard Enterprise from $67.00 to $72.00 and gave the stock an "overweight" rating in a research report on Thursday, October 1st. 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. Piper Sandler reiterated a "neutral" rating and set a $57.00 target price (down from $63.00) on shares of Hewlett Packard Enterprise in a research report on Thursday, September 3rd. 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 report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $72.06.

Hewlett Packard Enterprise Stock Up 3.1%

Shares of NYSE HPE opened at $70.47 on Wednesday. Hewlett Packard Enterprise Company has a 1 year low of $19.84 and a 1 year high of $71.22. The firm's 50-day moving average is $56.71 and its 200-day moving average is $44.06. 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 firm has a market capitalization of $93.54 billion, a PE ratio of 36.70, a price-to-earnings-growth ratio of 0.61 and a beta of 1.39.

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

Hewlett Packard Enterprise Dividend Announcement

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

Hewlett Packard Enterprise News Roundup

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

• Positive Sentiment: AI demand remains the primary catalyst. HPE’s AI systems orders reportedly rose more than 30% sequentially to $2.4 billion, reinforcing expectations that spending on AI infrastructure can support continued revenue and earnings growth. How HPE Stock Gained 22.3% in September
• Positive Sentiment: Rising earnings estimates are supporting the rally. Zacks highlighted HPE among its top-ranked AI stocks, noting that upward estimate revisions could leave room for further gains despite the stock reaching new highs. Buy These Top AI Stocks for Higher Highs: HPE, NVDA, TSM
• Positive Sentiment: Daiwa Capital upgraded HPE to Outperform from Neutral, providing additional institutional support for the stock and signaling improved confidence in its outlook. Daiwa Capital upgrades Hewlett Packard Enterprise
• Positive Sentiment: HPE’s Juniper Networks acquisition is being viewed as strategically beneficial. Analysts said Juniper’s networking technology could strengthen HPE’s AMD partnership and help shift the company toward higher-growth AI networking infrastructure. How HPE's Juniper Acquisition Strengthens AMD Partnership
• Neutral Sentiment: HPE was selected to provide intelligent connectivity and autonomous IT operations for the 2027 Ryder Cup. The deal showcases HPE’s networking and AI capabilities, although its near-term financial impact is likely limited. HPE Provides Intelligent Connectivity for the Ryder Cup

Insider Activity

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 250,000 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $60.44, for a total value of $15,110,000.00. Following the sale, the chief executive officer directly owned 1,432,393 shares in the company, valued at approximately $86,573,832.92. This trade represents a 14.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary Reiner sold 17,000 shares of the business's stock in a transaction on 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 of the company's stock, valued at $3,703,247.52. This trade represents a 20.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 301,456 shares of company stock valued at $18,193,758 in the last ninety days. 0.44% of the stock is owned by insiders.

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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