Hewlett Packard Enterprise (NYSE:HPE) Stock Price Up 1.3% – What’s Next?

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) shot up 1.3% during mid-day trading on Friday. The company traded as high as $47.34 and last traded at $44.7340. Approximately 17,119,824 shares traded hands during trading, a decline of 18% from the average session volume of 20,980,936 shares. The stock had previously closed at $44.16.

Analysts Set New Price Targets

HPE has been the topic of a number of research reports. Susquehanna lowered their price target on Hewlett Packard Enterprise from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Friday, September 4th. Loop Capital reduced their price objective on Hewlett Packard Enterprise from $75.00 to $65.00 and set a “buy” rating for the company in a report on Tuesday, September 8th. UBS Group boosted their target price on Hewlett Packard Enterprise from $59.00 to $66.00 and gave the stock a “neutral” rating in a research report on Thursday, October 1st. Raymond James Financial raised their price target on Hewlett Packard Enterprise from $74.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, September 3rd. Finally, Weiss Ratings raised Hewlett Packard Enterprise from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $65.44.

Hewlett Packard Enterprise Trading Up 1.3%

The firm has a market cap of $59.38 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 0.32 and a beta of 1.46. The business has a 50 day moving average of $59.39 and a 200 day moving average of $41.27. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 0.65.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.18. The firm had revenue of $12.21 billion during the quarter, compared to the consensus estimate of $11.97 billion. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The firm’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.44 EPS. 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, research analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, September 17th were given a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 17th. Hewlett Packard Enterprise’s payout ratio is currently 29.69%.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP Rami Rahim sold 34,456 shares of the company’s stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $61.42, for a total transaction of $2,116,287.52. Following the transaction, the executive vice president owned 875,133 shares of the company’s stock, valued at approximately $53,750,668.86. This represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary M. Reiner sold 17,000 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $56.91, for a total transaction of $967,470.00. Following the sale, the director owned 65,072 shares in the company, valued at approximately $3,703,247.52. This trade represents a 20.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 585,899 shares of company stock valued at $37,270,329. Company 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 made changes to their positions in the business. Allworth Financial LP grew its holdings in Hewlett Packard Enterprise by 2.8% in the 3rd quarter. Allworth Financial LP now owns 78,184 shares of the technology company’s stock valued at $4,995,000 after buying an additional 2,149 shares during the period. Fisher Asset Management LLC increased its stake in shares of Hewlett Packard Enterprise by 58.4% during the 3rd quarter. Fisher Asset Management LLC now owns 153,493 shares of the technology company’s stock valued at $9,807,000 after acquiring an additional 56,615 shares during the last quarter. Private Advisory Group LLC lifted its holdings in shares of Hewlett Packard Enterprise by 499.3% during the 3rd quarter. Private Advisory Group LLC now owns 27,848 shares of the technology company’s stock worth $1,779,000 after acquiring an additional 23,201 shares during the period. Ariadne Wealth Management LP lifted its holdings in shares of Hewlett Packard Enterprise by 44.2% during the 3rd quarter. Ariadne Wealth Management LP now owns 9,954 shares of the technology company’s stock worth $636,000 after acquiring an additional 3,053 shares during the period. Finally, Everest Financial Group LLC boosted its position in shares of Hewlett Packard Enterprise by 466.4% in the third quarter. Everest Financial Group LLC now owns 88,311 shares of the technology company’s stock worth $5,642,000 after acquiring an additional 72,720 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise (HPE) is a global information technology company that provides products and services for businesses, governments and other organizations. Its offerings span servers and computing systems, data storage, networking, hybrid cloud, artificial intelligence and edge computing.

HPE sells systems such as HPE ProLiant servers and HPE Alletra storage, along with networking products through HPE Aruba Networking. Its HPE GreenLake platform provides cloud and IT services through a flexible, consumption-based model.