12,924 Shares in Hewlett Packard Enterprise Company $HPE Bought by Sound Income Strategies LLC

Sound Income Strategies LLC acquired a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,924 shares of the technology company’s stock, valued at approximately $826,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HPE. GK Wealth Management LLC purchased a new position in shares of Hewlett Packard Enterprise during the 3rd quarter valued at $145,000. Castle Rock Wealth Management LLC increased its holdings in shares of Hewlett Packard Enterprise by 24.5% in the third quarter. Castle Rock Wealth Management LLC now owns 28,037 shares of the technology company’s stock worth $1,976,000 after purchasing an additional 5,521 shares during the last quarter. Bill Few Associates Inc. bought a new position in Hewlett Packard Enterprise during the third quarter valued at approximately $244,000. Bullock Wealth Management Group bought a new position in Hewlett Packard Enterprise during the third quarter valued at $48,000. Finally, Riversedge Advisors LLC lifted its holdings in shares of Hewlett Packard Enterprise by 46.4% in the 3rd quarter. Riversedge Advisors LLC now owns 7,013 shares of the technology company’s stock valued at $448,000 after acquiring an additional 2,223 shares during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about 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

Shares of NYSE:HPE opened at $73.50 on Friday. The firm has a 50 day moving average of $58.25 and a 200 day moving average of $44.96. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $97.56 billion, a price-to-earnings ratio of 38.28, a price-to-earnings-growth ratio of 0.63 and a beta of 1.39. 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 issued 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. The company had revenue of $12.21 billion for the quarter, compared to the consensus estimate of $11.97 billion. Hewlett Packard Enterprise had a return on equity of 15.50% and a net margin of 6.60%. The firm’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter last year, the company earned $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, sell-side analysts predict that Hewlett Packard Enterprise Company will post 3.34 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, September 17th will be issued a $0.1425 dividend. 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 payout ratio is currently 29.69%.

Analysts Set New Price Targets

A number of analysts recently weighed in on HPE shares. Wall Street Zen raised shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 30th. Wells Fargo & Company raised their price target on Hewlett Packard Enterprise from $54.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 1st. Susquehanna dropped their price objective on Hewlett Packard Enterprise from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, September 4th. Daiwa Securities Group raised Hewlett Packard Enterprise from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $65.00 to $75.00 in a research report on Friday, October 2nd. Finally, UBS Group increased their target price on Hewlett Packard Enterprise from $59.00 to $66.00 and gave the stock a “neutral” rating in a research note on Thursday, October 1st. Two 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, the company has an average rating of “Moderate Buy” and an average target price of $65.78.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP Rami Rahim sold 34,456 shares of the company’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 directly owned 875,133 shares of the company’s stock, valued at $53,750,668.86. This represents a 3.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary Reiner sold 17,000 shares of the 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 completion of the sale, the director owned 65,072 shares of the company’s stock, valued at approximately $3,703,247.52. This trade represents a 20.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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.

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.