Sacks & Associates LLC Purchases 17,180 Shares of Hewlett Packard Enterprise Company $HPE

Sacks & Associates LLC acquired a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) in the third quarter, HoldingsChannel.com reports. The fund acquired 17,180 shares of the technology company’s stock, valued at approximately $1,098,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of HPE. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Hewlett Packard Enterprise during the second quarter valued at $1,027,139,000. Primecap Management Co. CA purchased a new stake in Hewlett Packard Enterprise in the second quarter worth about $773,225,000. Legal & General Group Plc bought a new position in shares of Hewlett Packard Enterprise in the second quarter worth about $512,721,000. Elliott Investment Management L.P. lifted its position in shares of 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 valued at $652,912,000 after buying an additional 8,790,757 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Hewlett Packard Enterprise during the 2nd quarter valued at about $322,718,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HPE shares. 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. Piper Sandler lifted their price target on shares of Hewlett Packard Enterprise from $57.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, October 1st. UBS Group upped their price target on shares of Hewlett Packard Enterprise from $59.00 to $66.00 and gave the stock a “neutral” rating in a research report on Thursday, October 1st. Raymond James Financial increased their price objective on shares of Hewlett Packard Enterprise from $74.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, September 3rd. Finally, Loop Capital decreased their price objective on shares of Hewlett Packard Enterprise from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Tuesday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $65.78.

Key Stories Impacting Hewlett Packard Enterprise

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

• Positive Sentiment: Wall Street’s outlook has improved as HPE benefits from strong AI-related demand, surging server sales, a growing backlog and expanding HPE GreenLake adoption. Analysts see additional upside, with some coverage pointing to a price target near $92. HPE Stock Has Nearly Tripled
• Positive Sentiment: Mizuho Securities selected HPE Cray XD2000 systems for a direct-liquid-cooling-ready data center supporting advanced financial simulations and future private AI initiatives. The deployment offers evidence of demand for HPE’s high-performance computing and energy-efficient AI infrastructure. Mizuho Securities Selects HPE
• Positive Sentiment: Investor enthusiasm is also being supported by HPE’s networking business, its Juniper Networks acquisition, and a reported $1.2 billion AMD Helios AI Rack order from Vultr. Jim Cramer said HPE has “finally broken out of its funk,” while bullish earnings revisions and robust recent results are sustaining momentum. Jim Cramer Says HPE Has Finally Turned a Corner
• Neutral Sentiment: The stock’s sharp rally and new highs have increased valuation and profit-taking risks. Although earnings estimates remain supportive, investors are weighing whether continued AI growth justifies the already substantial gains. Should You Buy, Sell or Hold HPE Stock
• Negative Sentiment: CEO Antonio Neri sold 250,000 shares worth approximately $17.1 million, reducing his direct holdings by 17.45%. The sale occurred under a pre-arranged Rule 10b5-1 plan, limiting its significance as a bearish signal, but it may still weigh modestly on sentiment.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $73.50 on Friday. The stock has a 50-day moving average price of $58.25 and a 200 day moving average price of $44.96. The stock has a market capitalization of $97.56 billion, a P/E ratio of 38.28, a P/E/G ratio of 0.63 and a beta of 1.39. Hewlett Packard Enterprise Company has a 12-month low of $19.84 and a 12-month high of $73.56. 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 (NYSE:HPE) last posted its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 EPS for the quarter, topping 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 company 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 firm earned $0.44 EPS. The firm’s 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. Equities research analysts forecast that Hewlett Packard Enterprise Company will post 3.34 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, September 17th will be paid a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, September 17th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 29.69%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 250,000 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $60.44, for a total transaction of $15,110,000.00. Following the completion of the transaction, the chief executive officer owned 1,432,393 shares of the company’s stock, valued at $86,573,832.92. This represents a 14.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary Reiner sold 17,000 shares of the firm’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 transaction, the director owned 65,072 shares of the company’s stock, valued at approximately $3,703,247.52. The trade was a 20.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 551,456 shares of company stock valued at $35,271,258. Corporate insiders own 0.44% of the company’s stock.

About Hewlett Packard Enterprise

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.