Hewlett Packard Enterprise Company (NYSE:HPE) Stock Has Average Price Target of $69.18 According to Analysts

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) have been assigned a consensus recommendation of “Moderate Buy” from the nineteen research firms that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold rating, twelve 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 covered the stock in the last year is $69.18.

Several brokerages recently issued reports on HPE. The Goldman Sachs Group lifted their price objective on shares of Hewlett Packard Enterprise from $32.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Truist Financial upped their target price on Hewlett Packard Enterprise from $69.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. Zacks Research raised Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 4th. Deutsche Bank Aktiengesellschaft began coverage on Hewlett Packard Enterprise in a report on Tuesday, September 1st. They issued a “buy” rating and a $62.00 price target on the stock. Finally, Piper Sandler restated a “neutral” rating and set a $57.00 price objective (down from $63.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, September 3rd.

Hewlett Packard Enterprise Stock Down 0.4%

NYSE:HPE opened at $62.67 on Tuesday. Hewlett Packard Enterprise has a 1-year low of $19.84 and a 1-year high of $65.65. The company has a 50-day moving average of $54.43 and a 200 day moving average of $42.17. The firm has a market cap of $83.19 billion, a PE ratio of 32.64, a price-to-earnings-growth ratio of 0.56 and a beta of 1.43. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.11 and a quick ratio of 0.72.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Wednesday, September 2nd. The technology company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.18. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The business had revenue of $12.21 billion for the quarter, compared to the consensus estimate of $11.97 billion. During the same quarter last year, the firm posted $0.44 EPS. The company’s revenue for the quarter was up 33.7% on a year-over-year basis. 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. As a group, research analysts anticipate that Hewlett Packard Enterprise will post 3.34 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, September 17th will be issued a $0.1425 dividend. The ex-dividend date is Thursday, September 17th. This represents a $0.57 dividend on an annualized basis and a yield of 0.9%. Hewlett Packard Enterprise’s payout ratio is currently 29.69%.

Insider Activity

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 17,000 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $56.91, for a total transaction of $967,470.00. Following the completion of the sale, the director directly owned 65,072 shares of the company’s stock, valued at approximately $3,703,247.52. This represents a 20.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Antonio Neri sold 250,000 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $60.44, for a total transaction of $15,110,000.00. Following the completion of the sale, the chief executive officer owned 1,432,393 shares in the company, valued at $86,573,832.92. This represents a 14.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several institutional investors and hedge funds have recently bought and sold shares of the company. QRG Capital Management Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 148.1% during the 2nd quarter. QRG Capital Management Inc. now owns 446,503 shares of the technology company’s stock valued at $20,142,000 after purchasing an additional 266,499 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in Hewlett Packard Enterprise during the 2nd quarter worth $1,076,000. Andra AP fonden purchased a new position in Hewlett Packard Enterprise during the 2nd quarter worth $10,759,000. Tidal Investments LLC increased its position in Hewlett Packard Enterprise by 552.7% during the 2nd quarter. Tidal Investments LLC now owns 800,103 shares of the technology company’s stock valued at $36,093,000 after buying an additional 677,528 shares in the last quarter. Finally, BlueCrest Capital Management Ltd increased its position in Hewlett Packard Enterprise by 105.8% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 201,015 shares of the technology company’s stock valued at $9,068,000 after buying an additional 103,323 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company (NYSE:HPE) is a global technology company that provides information technology products, services and solutions for businesses, governments and other organizations. Its offerings are designed to help customers build, manage and secure data center, cloud and edge-computing environments.

HPE’s portfolio includes enterprise servers, high-performance computing systems, data storage, networking equipment, software and technology consulting services. The company also provides hybrid cloud and as-a-service solutions through HPE GreenLake, allowing customers to access and manage computing, storage, data protection and other IT capabilities through a flexible consumption model.