Altfest L J 13F: Adds $1.9M to HPE Stake
Key Points
- Altfest L J increased its holdings in HPE by 30,003 shares, raising its total to 37,346 shares worth around $2.39 million as of October 27, 2026.
- The stock closed at $60.84 on the filing date, and recently traded around that same price, indicating stability in its valuation.
- Hewlett Packard Enterprise has a market cap of about $77.9 billion and a P/E ratio of approximately 30.27, reflecting its strong position in the technology sector.
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On October 27, 2026, Altfest L J boosted its stake in Hewlett Packard Enterprise Company (HPE) by 30,003 shares, bringing its total holdings to 37,346 shares valued at approximately $2.39 million. This information comes from the fund's latest Form 13F filing with the SEC, which reports its investment activities for the quarter ending September 30, 2026.
HPE
Hewlett Packard Enterprise Company
Where HPE Fits in Altfest L J's Portfolio
Altfest L J's investment in HPE represents about 1.02% of its total reported 13F value of $234.2 million. The fund ranks 18th among its 318 reported positions, reflecting a significant increase of 408.6% from its previous holdings of 7,343 shares.
Other Institutional Activity in HPE
Several other funds have made moves in HPE recently. Sterling Capital Management grew its holdings by 101,909 shares, totaling 173,261 shares valued at about $11.1 million. Generate Investment Management opened a new position with 302,705 shares worth approximately $19.3 million. Elliott Investment Management L.P. increased its stake by 4,850,806 shares, bringing its total to 32,271,985 shares valued at around $1.96 billion.
Hewlett Packard Enterprise Company Stock Up 7.3%
As of October 27, 2026, HPE shares closed at $60.84. The stock is currently trading about equal to its closing price on the filing date, but it remains below its 52-week high of $73.56. HPE is above its 50-day moving average by 2.4% and significantly above its 200-day average by 51.9%, indicating strong performance over the longer term.
Recent Earnings
Hewlett Packard Enterprise reported trailing twelve-month revenue of approximately $41.9 billion and an EPS of $1.94. The company experienced a revenue growth of 33.7% year-over-year. Its next earnings report is scheduled for December 3, 2026.
Dividend
HPE pays an annual dividend of $0.57 per share, which translates to a yield of about 0.97%. The company has a dividend payout ratio of 28.7%.
Insider Buying and Selling at Hewlett Packard Enterprise Company
Recently, several insiders sold shares of HPE. Director Gary M. Reiner sold 17,000 shares at an average price of $56.91 on September 14, 2026, totaling about $967,429. Officer Rami Rahim sold 34,456 shares at $61.42 on September 29, 2026, for $2.12 million. CEO Antonio F. Neri sold 250,000 shares at $68.31 on October 5, 2026, worth approximately $17.08 million.
Analysts Set New Price Targets
On October 1, 2026, Citigroup maintained a Buy rating on HPE with a target price of $92.00, while Morgan Stanley also maintained an Overweight rating with a target of $72.00. Daiwa Capital upgraded its rating to Outperform with a target of $75.00 on October 2, 2026. The consensus among analysts is a Buy rating with a mean target price of approximately $71.74.
About HPE
Hewlett Packard Enterprise Company develops intelligent solutions and operates in various segments, including Server, Hybrid Cloud, and Networking. The company is headquartered in Spring, Texas, and employs around 67,000 people. Its diverse offerings position it well within the technology sector, making it a key player in communication equipment.
Bottom Line
Investors should keep an eye on HPE's upcoming earnings report on December 3, 2026, for insights into its continued performance. The recent boost in Altfest L J's position highlights confidence in HPE's growth potential amid a stable trading environment.
Related Filing Alerts
Source: Altfest L J's 13F filing on $HPE (Oct 27, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts