Hewlett Packard Enterprise (NYSE:HPE) Sets New 52-Week High – Still a Buy?

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $31.46 and last traded at $31.51, with a volume of 1017532 shares trading hands. The stock had previously closed at $31.35.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HPE. Truist Financial began coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, March 31st. They issued a “buy” rating and a $31.00 price objective on the stock. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Saturday. Bank of America boosted their price objective on shares of Hewlett Packard Enterprise from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, March 10th. Morgan Stanley boosted their price objective on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 10th. Finally, The Goldman Sachs Group began coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, January 13th. They issued a “buy” rating and a $31.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.71.

Hewlett Packard Enterprise Price Performance

The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.71. The firm’s 50-day moving average is $24.46 and its 200-day moving average is $23.38. The company has a market cap of $41.25 billion, a PE ratio of -163.97, a PEG ratio of 0.81 and a beta of 1.28.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Monday, March 9th. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. The company had revenue of $9.30 billion for the quarter, compared to analysts’ expectations of $9.31 billion. During the same quarter in the previous year, the company earned $0.49 earnings per share. Hewlett Packard Enterprise’s quarterly revenue was up 18.4% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.300-2.500 EPS and its Q2 2026 guidance at 0.510-0.550 EPS. On average, equities analysts anticipate that Hewlett Packard Enterprise Company will post 1.96 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Investors of record on Tuesday, March 24th were given a dividend of $0.1425 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.57 annualized dividend and a dividend yield of 1.8%. Hewlett Packard Enterprise’s payout ratio is currently -300.00%.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP Neil B. Macdonald sold 112,652 shares of the business’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $25.09, for a total transaction of $2,826,438.68. Following the sale, the executive vice president owned 56,494 shares of the company’s stock, valued at $1,417,434.46. The trade was a 66.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Antonio F. Neri sold 264,432 shares of the company’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $25.18, for a total transaction of $6,658,397.76. Following the completion of the sale, the chief executive officer owned 1,837,329 shares in the company, valued at approximately $46,263,944.22. This trade represents a 12.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 702,402 shares of company stock valued at $18,440,171 over the last three months. Corporate insiders own 0.44% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of hedge funds and other institutional investors have recently bought and sold shares of HPE. Empowered Funds LLC grew its holdings in Hewlett Packard Enterprise by 317.3% in the first quarter. Empowered Funds LLC now owns 149,810 shares of the technology company’s stock worth $2,312,000 after purchasing an additional 113,906 shares during the period. Geneos Wealth Management Inc. grew its holdings in Hewlett Packard Enterprise by 44.7% in the first quarter. Geneos Wealth Management Inc. now owns 4,456 shares of the technology company’s stock worth $69,000 after purchasing an additional 1,377 shares during the period. Brown Advisory Inc. grew its holdings in Hewlett Packard Enterprise by 4.4% in the second quarter. Brown Advisory Inc. now owns 23,593 shares of the technology company’s stock worth $482,000 after purchasing an additional 996 shares during the period. Jump Financial LLC grew its holdings in Hewlett Packard Enterprise by 25.8% in the second quarter. Jump Financial LLC now owns 15,662 shares of the technology company’s stock worth $320,000 after purchasing an additional 3,215 shares during the period. Finally, WINTON GROUP Ltd purchased a new stake in Hewlett Packard Enterprise in the second quarter worth about $207,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.

A major focus for HPE is hybrid cloud and consumption-based IT.