Why Hewlett Packard Enterprise Company (HPE) Was a Top Contributor for Gabelli

Why Hewlett Packard Enterprise Company (HPE) Was a Top Contributor for Gabelli

Wed, September 23, 2026 at 5:06 PM GMT+3 3 min read

• HPE +1.10%
• ^GSPC -0.58%

Gabelli Investment Management Firm recently released its "Global Rising Income and Dividend Fund" second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Fund returned 5.78% in the second quarter of 2026, trailing the MSCI World Index, which gained 13.90% as global markets rallied broadly during the period. The letter highlighted easing concerns around tariffs and the global trade war, while geopolitical tensions also moderated toward quarter-end. The Fund noted that the S&P 500 gained approximately 15%, while the MSCI EAFE Index rose about 4%, with substantial differences among international markets. Looking ahead, the Fund expects the Federal Reserve to keep short-term interest rates steady for several more months because inflation remains above the central bank's 2% target, making near-term rate cuts less likely. The Fund continues to pursue income and long-term capital appreciation through a diversified global portfolio, and had $73.1 million in net assets at the end of the quarter. In addition, please check the Fund's top five holdings to know its best picks in 2026.

In its second-quarter 2026 investor letter, Gabelli Global Rising Income and Dividend Fund highlighted stocks like Hewlett Packard Enterprise Company (NYSE:HPE). Hewlett Packard Enterprise Company (NYSE:HPE) is an enterprise technology company providing AI, cloud, networking, compute, storage, and other IT solutions to organizations. The one-month return of Hewlett Packard Enterprise Company (NYSE:HPE) was approximately 15.48%, while its shares traded between $19.84 and $64.25 over the last 52 weeks. On September 21, 2026, Hewlett Packard Enterprise Company (NYSE:HPE) stock closed at approximately $61.76 per share, with a market capitalization of about $81.98 billion.

Gabelli Global Rising Income and Dividend Fund stated the following regarding Hewlett Packard Enterprise Company (NYSE:HPE) in its Q2 2026 investor letter:

"Hewlett Packard Enterprise Company (NYSE:HPE) (1.7% of net assets as of June 30, 2026), the global technology company."

manaemedia / Shutterstock.com

Hewlett Packard Enterprise Company (NYSE:HPE) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. As per our database, 58 hedge fund portfolios held Hewlett Packard Enterprise Company (NYSE:HPE) at the end of the first quarter, compared with 56 in the previous quarter. While we acknowledge the risk and potential of Hewlett Packard Enterprise Company (NYSE:HPE) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In another article, we covered Hewlett Packard Enterprise Company (NYSE:HPE) and discussed its strong AI server demand and Juniper Networks integration. In addition, please check out our hedge fund investor letters Q1 2026 page for more investor letters from hedge funds and other leading investors.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years

This article is originally published at Insider Monkey.