Hewlett Packard Enterprise Company (NYSE:HPE) Receives $64.65 Consensus Price Target from Brokerages

Hewlett Packard Enterprise Company (NYSE:HPE) has received an average recommendation of “Moderate Buy” from the twenty-one analysts that are presently covering the company, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $64.6471.

A number of research analysts have commented on the company. Sanford C. Bernstein upped their price objective on Hewlett Packard Enterprise from $35.00 to $62.00 and gave the company a “market perform” rating in a report on Tuesday, June 2nd. Wall Street Zen raised Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 10th. UBS Group upped their price objective on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. Loop Capital raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and upped their price objective for the company from $23.00 to $75.00 in a report on Tuesday, June 2nd. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $63.00 price objective (up from $23.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP Fidelma Russo sold 34,001 shares of the firm’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $25.08, for a total value of $852,745.08. Following the transaction, the executive vice president owned 17,001 shares in the company, valued at approximately $426,385.08. This trade represents a 66.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bethany Mayer sold 6,482 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $29.10, for a total value of $188,626.20. Following the completion of the transaction, the director owned 8,018 shares in the company, valued at $233,323.80. The trade was a 44.70% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 702,402 shares of company stock worth $18,440,171. 0.44% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. PVG Asset Management Corp bought a new position in shares of Hewlett Packard Enterprise in the first quarter worth $228,000. Positano Wealth Management Ltd increased its position in shares of Hewlett Packard Enterprise by 14.4% in the first quarter. Positano Wealth Management Ltd now owns 180,389 shares of the technology company’s stock worth $4,295,000 after purchasing an additional 22,775 shares during the period. NewEdge Advisors LLC increased its position in shares of Hewlett Packard Enterprise by 21.0% in the first quarter. NewEdge Advisors LLC now owns 257,974 shares of the technology company’s stock worth $6,142,000 after purchasing an additional 44,836 shares during the period. First Nebraska Trust Co bought a new position in shares of Hewlett Packard Enterprise in the first quarter worth $2,392,000. Finally, Segall Bryant & Hamill LLC bought a new position in shares of Hewlett Packard Enterprise in the first quarter worth $1,660,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Up 0.1%

HPE stock opened at $47.44 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.72. The business’s 50 day simple moving average is $36.36 and its 200 day simple moving average is $27.51. Hewlett Packard Enterprise has a 1-year low of $17.49 and a 1-year high of $64.25. The firm has a market capitalization of $62.82 billion, a PE ratio of 44.34, a PEG ratio of 0.51 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.25. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The firm had revenue of $10.68 billion for the quarter, compared to analyst estimates of $9.78 billion. During the same period in the prior year, the firm posted ($0.82) EPS. The company’s revenue for the quarter was up 40.0% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2026 guidance at 3.350-3.450 EPS and its Q3 2026 guidance at 0.880-0.930 EPS. As a group, research analysts anticipate that Hewlett Packard Enterprise will post 2.88 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th will be issued a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, June 16th. Hewlett Packard Enterprise’s dividend payout ratio is currently 53.27%.

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.