Hewlett Packard Enterprise Company $HPE Stock: State of Alaska Department of Revenue Lowers Stake

State of Alaska Department of Revenue reduced its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 13.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 249,005 shares of the technology company’s stock after selling 37,571 shares during the quarter. State of Alaska Department of Revenue’s holdings in Hewlett Packard Enterprise were worth $15,908,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Elliott Investment Management L.P. grew its holdings in Hewlett Packard Enterprise by 47.2% during the 1st quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock worth $652,912,000 after acquiring an additional 8,790,757 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at about $1,027,139,000. Primecap Management Co. CA acquired a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at about $773,225,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Hewlett Packard Enterprise by 6.1% during the 2nd 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 purchasing an additional 756,972 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter valued at about $512,721,000. 80.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Morgan Stanley increased their price target on Hewlett Packard Enterprise from $67.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday, October 1st. Susquehanna lowered their price objective on shares of Hewlett Packard Enterprise from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Friday, September 4th. JPMorgan Chase & Co. boosted their target price on shares of Hewlett Packard Enterprise from $68.00 to $70.00 in a research report on Tuesday, August 25th. Zacks Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 4th. Finally, Evercore increased their target price on shares of Hewlett Packard Enterprise from $65.00 to $67.00 and gave the stock an “outperform” rating in a research note on Thursday, October 1st. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and a consensus price target of $65.44.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, Director Gary Reiner sold 17,000 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $56.91, for a total value of $967,470.00. Following the sale, the director owned 65,072 shares in the company, valued at $3,703,247.52. This represents a 20.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Antonio F. Neri sold 250,000 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $60.44, for a total transaction of $15,110,000.00. Following the completion of the sale, the chief executive officer owned 1,432,393 shares in the company, valued at $86,573,832.92. This represents a 14.86% 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 three months, insiders have sold 551,456 shares of company stock valued at $35,271,258. Corporate insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise News Roundup

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

• Positive Sentiment: HPE continues to benefit from robust demand for traditional servers, AI systems and networking. Its latest quarterly results showed record revenue, orders and backlog, while management has raised its outlook for fiscal 2026 and fiscal 2027. The company also disclosed a $1.2 billion AI order from cloud provider Vultr and increased its long-term networking growth forecast. What Was HPE Telling You Before Its Stock Ran?
• Positive Sentiment: Daiwa upgraded HPE to Outperform, indicating that some analysts still see upside based on the company’s AI, networking and cloud-related demand. Daiwa upgrades Hewlett Packard Enterprise stock to Outperform
• Neutral Sentiment: Evercore lowered HPE to In Line with a $65 price target, citing valuation rather than a deterioration in business fundamentals. The firm acknowledged improved networking prospects and ongoing AI demand but saw limited near-term catalysts for further multiple expansion. What Changed For HPE Stock, And What Did Not?
• Negative Sentiment: Barclays downgraded HPE from Overweight to Equal Weight and reduced its price target to $77 from $83. The analyst cited HPE’s substantial rally, elevated valuation and a lack of a meaningful near-term AI growth inflection. Why Hewlett Packard Enterprise Stock Is Trading Lower Today
• Negative Sentiment: The Barclays call also weighed on Dell, NetApp and other AI-exposed hardware stocks, reflecting broader concerns that enterprise customers may delay or moderate AI infrastructure spending. This raises questions about the pace and timing of HPE’s future AI-related revenue growth. Why are Dell and HPE stocks plunging today?

Hewlett Packard Enterprise Stock Down 6.5%

NYSE:HPE traded down $4.11 on Thursday, hitting $59.00. The stock had a trading volume of 18,495,547 shares, compared to its average volume of 21,274,180. The business’s fifty day moving average is $59.18 and its 200 day moving average is $46.02. The company has a market cap of $78.32 billion, a PE ratio of 30.72, a P/E/G ratio of 0.61 and a beta of 1.39. 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 Company has a 52 week low of $19.84 and a 52 week high of $73.56.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Wednesday, September 2nd. The technology company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.18. The firm had revenue of $12.21 billion during the quarter, compared to analysts’ expectations of $11.97 billion. Hewlett Packard Enterprise had a return on equity of 15.50% and a net margin of 6.60%. The company’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter last year, the firm posted $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. On average, equities research analysts expect that Hewlett Packard Enterprise Company will post 3.34 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, September 17th will be issued a dividend of $0.1425 per share. The ex-dividend date is Thursday, September 17th. This represents a $0.57 annualized dividend and a yield of 1.0%. Hewlett Packard Enterprise’s dividend payout ratio is presently 29.69%.

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.