Hewlett Packard Enterprise (NYSE:HPE) EVP Rami Rahim Sells 34,456 Shares of Stock

Key Points

• HPE EVP Rami Rahim sold 34,456 shares for approximately $2.12 million at an average price of $61.42 under a pre-arranged Rule 10b5-1 plan, reducing his ownership by 3.79%.
• HPE recently exceeded quarterly expectations, reporting $1.11 in adjusted EPS and $12.21 billion in revenue, with revenue up 33.7% year over year. The stock traded near its 52-week high, while the company continued paying a quarterly dividend of $0.1425 per share.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $71.88; institutional investors own approximately 80.78% of HPE’s shares.

Hewlett Packard Enterprise Company (NYSE:HPE - Get Free Report) EVP Rami Rahim sold 34,456 shares of the business's stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $61.42, for a total transaction of $2,116,287.52. Following the transaction, the executive vice president owned 875,133 shares in the company, valued at $53,750,668.86. The trade was a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hewlett Packard Enterprise Price Performance

HPE stock traded up $0.71 during mid-day trading on Thursday, reaching $64.60. The company's stock had a trading volume of 16,426,191 shares, compared to its average volume of 21,323,354. The stock has a market cap of $85.75 billion, a PE ratio of 33.65, a P/E/G ratio of 0.55 and a beta of 1.43. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 0.65. Hewlett Packard Enterprise Company has a fifty-two week low of $19.84 and a fifty-two week high of $67.10. The company's 50 day moving average is $55.04 and its two-hundred day moving average is $42.75.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.18. The business had revenue of $12.21 billion for the quarter, compared to analyst estimates 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 was up 33.7% on a year-over-year basis. During the same period last year, the company posted $0.44 EPS. 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 research analysts expect that Hewlett Packard Enterprise Company will post 3.33 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, September 17th will be given a dividend of $0.1425 per share. The ex-dividend date is Thursday, September 17th. This represents a $0.57 dividend on an annualized basis and a yield of 0.9%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 29.69%.

Analysts Set New Price Targets

A number of brokerages have issued reports on HPE. Wells Fargo & Company raised their target price on Hewlett Packard Enterprise from $54.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Thursday. Morgan Stanley boosted their price target on shares of Hewlett Packard Enterprise from $67.00 to $72.00 and gave the company an "overweight" rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, September 1st. They issued a "buy" rating and a $62.00 price objective for the company. Truist Financial restated a "buy" rating and set a $75.00 price objective (up from $70.00) on shares of Hewlett Packard Enterprise in a research report on Thursday. Finally, Wall Street Zen raised shares of Hewlett Packard Enterprise from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.88.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at $1,027,139,000. Capital World Investors purchased a new stake in Hewlett Packard Enterprise in the 4th quarter valued at about $901,751,000. Primecap Management Co. CA acquired a new position in Hewlett Packard Enterprise in the second quarter valued at about $773,225,000. Elliott Investment Management L.P. boosted its stake in Hewlett Packard Enterprise by 47.2% during the first quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company's stock worth $652,912,000 after buying an additional 8,790,757 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Hewlett Packard Enterprise by 6.1% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,088,774 shares of the technology company's stock valued at $590,435,000 after acquiring an additional 756,972 shares during the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

More Hewlett Packard Enterprise News

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

• Positive Sentiment: $1.2 billion Vultr order: HPE secured its first order for AMD Helios AI Rack systems from cloud infrastructure provider Vultr. The systems will be deployed across Vultr’s U.S. data centers, providing a significant validation of HPE’s AI server, networking, and rack-scale infrastructure capabilities. HPE Secures Its First AMD Helios Order in $1.2 Billion Deal With Vultr
• Positive Sentiment: Networking outlook raised: At its Networking Investor Day, HPE lifted its long-term networking revenue growth expectations, citing strong demand for data-center networking, routing, security, and AI-related infrastructure. Management said AI demand continues to exceed available supply, supporting the company’s growth outlook. HPE boosts networking growth outlook, gets $1.2 billion AI order from cloud firm Vultr
• Positive Sentiment: Broad analyst support: Citigroup raised its HPE price target to $92 and upgraded the shares to Buy. Barclays raised its target to $83 and maintained Overweight, while Morgan Stanley raised its target to $72 and maintained Overweight. Truist also reaffirmed Buy and increased its target to $75.
• Neutral Sentiment: Mixed valuation signals: UBS raised its target to $66 but kept a Neutral rating, while Wells Fargo increased its target to $63 and maintained Equal Weight. Analysts broadly acknowledge HPE’s AI momentum, but their targets differ considerably after the stock’s powerful rally. HPE Networking Outlook Gets Boost as Barclays, Citi and Wells Fargo Raise Price Targets
• Negative Sentiment: Execution and valuation risks remain: HPE’s shares have surged substantially in 2026 and are near record levels, increasing the risk that much of the AI and networking opportunity is already reflected in the valuation. Investors will look for evidence that the Vultr order converts into sustained revenue and profit growth.

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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