University of Texas Texas AM Investment Management Co. Purchases New Position in Hewlett Packard Enterprise Company $HPE

Key Points

• University of Texas Texas A&M Investment Management Co. bought a new 53,656-share position in HPE during the third quarter, valued at about $3.44 million. Institutional investors and hedge funds collectively own 80.78% of the stock.
• HPE beat quarterly expectations, reporting adjusted earnings of $1.11 per share versus estimates of $0.93, and revenue of $12.21 billion, up 33.7% year over year.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $65.44. HPE faces competition in AI servers from Super Micro Computer, while its networking platform rollout could bolster its offerings.

University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 53,656 shares of the technology company's stock, valued at approximately $3,436,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Foster Group Inc. raised its stake in Hewlett Packard Enterprise by 2.8% during the 3rd quarter. Foster Group Inc. now owns 5,341 shares of the technology company's stock valued at $341,000 after acquiring an additional 146 shares in the last quarter. Financial Insights Inc. boosted its position in Hewlett Packard Enterprise by 3.3% during the 3rd quarter. Financial Insights Inc. now owns 5,429 shares of the technology company's stock worth $347,000 after acquiring an additional 175 shares during the period. Oakworth Capital Inc. grew its stake in shares of Hewlett Packard Enterprise by 2.3% in the third quarter. Oakworth Capital Inc. now owns 8,159 shares of the technology company's stock worth $521,000 after purchasing an additional 181 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of Hewlett Packard Enterprise by 1.4% in the second quarter. Baird Financial Group Inc. now owns 15,727 shares of the technology company's stock worth $709,000 after purchasing an additional 212 shares in the last quarter. Finally, CHICAGO TRUST Co NA grew its stake in shares of Hewlett Packard Enterprise by 4.0% in the third quarter. CHICAGO TRUST Co NA now owns 5,535 shares of the technology company's stock worth $354,000 after purchasing an additional 215 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Hewlett Packard Enterprise

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HPE. JPMorgan Chase & Co. lifted their price objective on shares of Hewlett Packard Enterprise from $68.00 to $70.00 in a research note on Tuesday, August 25th. Weiss Ratings raised shares of Hewlett Packard Enterprise from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, September 4th. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 30th. 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. Finally, Citigroup boosted their price target on shares of Hewlett Packard Enterprise from $76.00 to $92.00 and gave the stock a "buy" 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 issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $65.44.

Hewlett Packard Enterprise Price Performance

NYSE:HPE opened at $44.73 on Monday. The business's 50-day moving average price is $59.20 and its 200 day moving average price is $41.39. The firm has a market cap of $59.38 billion, a P/E ratio of 23.30, a PEG ratio of 0.29 and a beta of 1.46. Hewlett Packard Enterprise Company has a 52-week low of $19.84 and a 52-week high of $73.56. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 0.65.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 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 for the quarter, compared to analysts' expectations of $11.97 billion. During the same period in the previous year, the business earned $0.44 earnings per share. Hewlett Packard Enterprise'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. As a group, sell-side analysts predict that Hewlett Packard Enterprise Company will post 3.35 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, September 17th were paid 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 currently 29.69%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 250,000 shares of the company's stock in a transaction on Monday, October 5th. The stock was sold at an average price of $68.31, for a total value of $17,077,500.00. Following the transaction, the chief executive officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, 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 on Wednesday, October 21st. The shares were sold at an average price of $58.04, for a total value of $1,999,071.72. Following the sale, the executive vice president owned 840,690 shares of the company's stock, valued at $48,793,647.60. This trade represents a 3.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 585,899 shares of company stock worth $37,270,329. Corporate insiders own 0.44% of the company's stock.

Hewlett Packard Enterprise Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.