NewEdge Advisors LLC Has $6.93 Million Stock Position in Hewlett Packard Enterprise Company $HPE

Key Points

• NewEdge Advisors reduced its HPE stake by 40.4% in the second quarter, selling 104,276 shares and retaining 153,698 shares valued at approximately $6.93 million. 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. Growth is being supported by strong AI infrastructure demand, including an approximately $7.6 billion AI backlog.
• Analyst sentiment remains favorable, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $69.44. HPE also declared a quarterly dividend of $0.1425 per share, equivalent to a 0.9% annualized yield.

NewEdge Advisors LLC cut its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 40.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 153,698 shares of the technology company's stock after selling 104,276 shares during the period. NewEdge Advisors LLC's holdings in Hewlett Packard Enterprise were worth $6,933,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in HPE. Empowered Funds LLC increased its holdings in Hewlett Packard Enterprise by 317.3% during the first quarter. Empowered Funds LLC now owns 149,810 shares of the technology company's stock worth $2,312,000 after buying an additional 113,906 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Hewlett Packard Enterprise by 44.7% in the first quarter. Geneos Wealth Management Inc. now owns 4,456 shares of the technology company's stock valued at $69,000 after acquiring an additional 1,377 shares during the last quarter. Brown Advisory Inc. grew its position in shares of Hewlett Packard Enterprise by 4.4% in the 2nd quarter. Brown Advisory Inc. now owns 23,593 shares of the technology company's stock valued at $482,000 after acquiring an additional 996 shares during the period. Jump Financial LLC increased its stake in shares of Hewlett Packard Enterprise by 25.8% during the 2nd quarter. Jump Financial LLC now owns 15,662 shares of the technology company's stock worth $320,000 after purchasing an additional 3,215 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new position in shares of Hewlett Packard Enterprise during the 2nd quarter worth about $207,000. Institutional investors and hedge funds own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Down 0.1%

Shares of HPE opened at $62.02 on Monday. The firm has a market cap of $82.32 billion, a P/E ratio of 32.30, a price-to-earnings-growth ratio of 0.55 and a beta of 1.43. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.72 and a current ratio of 1.11. Hewlett Packard Enterprise Company has a 52 week low of $19.84 and a 52 week high of $64.25. The firm's 50-day simple moving average is $51.32 and its 200 day simple moving average is $39.14.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings data on Wednesday, September 2nd. The technology company reported $1.11 earnings per share (EPS) 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 firm had revenue of $12.21 billion during the quarter, compared to the consensus estimate 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. On average, analysts forecast that Hewlett Packard Enterprise Company will post 3.34 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, September 17th will be issued 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%.

Key Headlines Impacting Hewlett Packard Enterprise

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

• Positive Sentiment: Oracle’s spending plans lifted the broader AI hardware group, with investors viewing the guidance as evidence of sustained demand for HPE’s AI servers and networking products. HPE and Dell were among the leading gainers in the S&P 500. Dell and HPE Stocks Are Surging on the AI Spending Boom
• Positive Sentiment: HPE’s reported AI backlog of approximately $7.6 billion and rising networking orders point to strong customer demand as hyperscalers and enterprises expand AI infrastructure. This supports expectations for continued revenue growth and improving profitability. Can HPE Sustain Its AI Infrastructure Momentum Amid the Capex Cycle?
• Positive Sentiment: Recent commentary has highlighted HPE’s AI, cloud and networking exposure, stronger profitability and valuation that remains relatively attractive compared with some AI infrastructure peers. The stock’s recent momentum has also drawn additional investor attention. HPE Surges 26% in 3 Months
• Neutral Sentiment: The move follows considerable volatility in AI server shares: HPE recently pulled back alongside Dell and other industry names without any company-specific announcement, underscoring the sector’s sensitivity to changes in expectations for AI capital spending. AI Server Stocks Slide as Two-Day Run Unwinds
• Negative Sentiment: Investors still face execution and cycle risks: elevated expectations for AI infrastructure spending could leave HPE vulnerable if customer budgets slow, while the stock’s rapid advance may increase profit-taking and valuation concerns.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Kirt Karros sold 18,785 shares of the company's stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total value of $911,072.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Raymond James Financial raised their target price on shares of Hewlett Packard Enterprise from $74.00 to $86.00 and gave the company an "outperform" rating in a research note on Thursday, September 3rd. Weiss Ratings raised Hewlett Packard Enterprise from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, September 4th. UBS Group cut their price objective on Hewlett Packard Enterprise from $65.00 to $59.00 and set a "neutral" rating for the company in a research report on Thursday, September 3rd. Piper Sandler reaffirmed a "neutral" rating and issued a $57.00 price objective (down from $63.00) on shares of Hewlett Packard Enterprise in a research report on Thursday, September 3rd. Finally, JPMorgan Chase & Co. boosted their target price on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an "overweight" rating in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $69.44.

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 and other organizations. Its offerings are designed to support data centers, cloud computing, artificial intelligence, networking and the management of distributed IT environments.

HPE's portfolio includes enterprise servers, data storage systems, networking equipment, high-performance computing and software. Through its HPE GreenLake platform, the company also delivers cloud and as-a-service solutions that allow customers to access computing, storage, data protection and other IT capabilities through a flexible consumption model.

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