Pictet Asset Management Holding SA Purchases 1,091,369 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• Pictet Asset Management increased its HPE stake by 111.1%, buying 1,091,369 shares in the third quarter. It now holds 2,073,498 shares, valued at about $132.4 million.
• HPE reported quarterly earnings of $1.11 per share, topping the $0.93 analyst consensus, while revenue rose 33.7% year over year to $12.21 billion.
• Analysts give HPE a consensus “Moderate Buy” rating, with an average price target of $65.44; the article also notes competitive pressure in AI servers from Super Micro Computer and NVIDIA.

Pictet Asset Management Holding SA grew its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 111.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,073,498 shares of the technology company's stock after purchasing an additional 1,091,369 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.16% of Hewlett Packard Enterprise worth $132,409,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Delos Wealth Advisors LLC bought a new position in Hewlett Packard Enterprise during the second quarter valued at approximately $27,000. First Bancorp Inc ME purchased a new position in shares of Hewlett Packard Enterprise during the second quarter worth approximately $30,000. Triumph Capital Management lifted its holdings in shares of Hewlett Packard Enterprise by 208.6% in the 3rd quarter. Triumph Capital Management now owns 466 shares of the technology company's stock worth $30,000 after acquiring an additional 315 shares during the last quarter. Ramsey Quantitative Systems bought a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter worth approximately $31,000. Finally, Transamerica Financial Advisors LLC bought a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter worth approximately $37,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise News Roundup

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

• Positive Sentiment: HPE’s networking rollout connects EdgeConnect with Mist and Aruba Central, bringing security, wired and wireless management into a unified, increasingly automated platform. This could strengthen its networking offering, though the article does not report financial results from the rollout. HPE networking rollout and valuation
• Positive Sentiment: HPE shares participated in a partial recovery among AI-server stocks after the group’s post-midterm sell-off. The rebound suggests some buyers returned to the sector, although trading across the group remains volatile. AI-server stocks rebound
• Neutral Sentiment: Valuation articles argue HPE may be substantially undervalued following its pullback and raised outlook. These are analyst-style assessments, not new company results or guarantees of a recovery. HPE valuation commentary
• Negative Sentiment: Super Micro Computer’s collaboration with NVIDIA adds to competition in AI servers, a key growth market for HPE. Its new GPU, cooling and rack-scale offerings could challenge HPE and other rivals. Super Micro and NVIDIA collaboration

Analyst Ratings Changes

HPE has been the subject of a number of research reports. Raymond James Financial upped their price objective 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. JPMorgan Chase & Co. lifted their target price on shares of Hewlett Packard Enterprise from $68.00 to $70.00 in a research report on Tuesday, August 25th. The Goldman Sachs Group boosted their price target on shares of Hewlett Packard Enterprise from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, October 6th. Susquehanna cut their price target on shares of Hewlett Packard Enterprise from $65.00 to $62.00 and set a "neutral" rating for the company in a research report on Friday, September 4th. Finally, Piper Sandler upped their price target on shares of Hewlett Packard Enterprise from $57.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, October 1st. Two 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 data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $65.44.

Hewlett Packard Enterprise Price Performance

Shares of Hewlett Packard Enterprise stock opened at $44.73 on Monday. 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 business's 50 day simple moving average is $59.20 and its two-hundred day simple moving average is $41.39. The stock has a market capitalization of $59.38 billion, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 0.29 and a beta of 1.46. 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 released its quarterly earnings data on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.18. Hewlett Packard Enterprise had a return on equity of 15.50% and a net margin of 6.60%. The firm had revenue of $12.21 billion during the quarter, compared to analyst estimates of $11.97 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The business's quarterly revenue 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 3.35 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company 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 1.3%. Hewlett Packard Enterprise's dividend payout ratio is presently 29.69%.

Insiders Place Their Bets

In other news, CEO Antonio F. Neri sold 250,000 shares of the company's stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $68.31, for a total transaction of $17,077,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,182,393 shares of the company's stock, valued at approximately $80,769,265.83. This represents a 17.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rami Rahim sold 34,443 shares of the stock in a transaction dated Wednesday, October 21st. The stock was sold at an average price of $58.04, for a total transaction of $1,999,071.72. Following the sale, the executive vice president owned 840,690 shares of the company's stock, valued at approximately $48,793,647.60. This represents a 3.94% 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 585,899 shares of company stock valued at $37,270,329 in the last quarter. Insiders own 0.44% of the company's stock.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise (HPE) is a global information technology company that provides products and services for businesses, governments and other organizations. Its offerings span servers and computing systems, data storage, networking, hybrid cloud, artificial intelligence and edge computing.

HPE sells systems such as HPE ProLiant servers and HPE Alletra storage, along with networking products through HPE Aruba Networking. Its HPE GreenLake platform provides cloud and IT services through a flexible, consumption-based model.

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