Hewlett Packard Enterprise (NYSE:HPE) Earns Buy Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Hewlett Packard Enterprise (NYSE:HPE) in a report released on Tuesday, Marketbeat reports. The firm issued a buy rating and a $31.00 price objective on the technology company’s stock.

HPE has been the subject of several other reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research report on Friday, December 26th. Argus upped their price target on shares of Hewlett Packard Enterprise from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Morgan Stanley reissued an “equal weight” rating and issued a $25.00 price objective (down from $28.00) on shares of Hewlett Packard Enterprise in a research report on Monday, November 17th. Piper Sandler started coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 22nd. They issued a “neutral” rating and a $24.00 price objective on the stock. Finally, Zacks Research raised Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $25.53.

Hewlett Packard Enterprise Stock Down 0.6%

Shares of HPE opened at $21.96 on Tuesday. The stock’s 50-day moving average price is $23.01 and its two-hundred day moving average price is $22.80. Hewlett Packard Enterprise has a 12 month low of $11.97 and a 12 month high of $26.44. The company has a market capitalization of $29.31 billion, a PE ratio of -365.94, a PEG ratio of 0.61 and a beta of 1.32. The company has a current ratio of 1.01, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Thursday, December 4th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. Hewlett Packard Enterprise had a return on equity of 9.15% and a net margin of 0.17%.The company had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.91 billion. During the same period last year, the company earned $0.58 earnings per share. The firm’s revenue was up 14.7% compared to the same quarter last year. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.250-2.450 EPS and its Q1 2026 guidance at 0.570-0.610 EPS. On average, analysts anticipate that Hewlett Packard Enterprise will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, December 19th will be issued a $0.1425 dividend. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, December 19th. This represents a $0.57 dividend on an annualized basis and a yield of 2.6%. Hewlett Packard Enterprise’s payout ratio is -950.00%.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP Maeve C. Culloty sold 35,958 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $24.66, for a total transaction of $886,724.28. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jeremy Cox sold 50,061 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $23.70, for a total value of $1,186,445.70. Following the transaction, the senior vice president directly owned 26,905 shares of the company’s stock, valued at $637,648.50. The trade was a 65.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 585,537 shares of company stock valued at $14,255,864. Company insiders own 0.36% of the company’s stock.

Institutional Trading of Hewlett Packard Enterprise

Several institutional investors and hedge funds have recently bought and sold shares of HPE. Bleakley Financial Group LLC raised its stake in Hewlett Packard Enterprise by 1.0% during the third quarter. Bleakley Financial Group LLC now owns 42,532 shares of the technology company’s stock valued at $1,045,000 after buying an additional 439 shares during the last quarter. Spire Wealth Management increased its holdings in shares of Hewlett Packard Enterprise by 7.1% during the third quarter. Spire Wealth Management now owns 6,694 shares of the technology company’s stock valued at $164,000 after acquiring an additional 445 shares in the last quarter. JFS Wealth Advisors LLC increased its holdings in shares of Hewlett Packard Enterprise by 40.5% during the fourth quarter. JFS Wealth Advisors LLC now owns 1,565 shares of the technology company’s stock valued at $38,000 after acquiring an additional 451 shares in the last quarter. TD Waterhouse Canada Inc. raised its position in shares of Hewlett Packard Enterprise by 11.1% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 4,902 shares of the technology company’s stock worth $100,000 after purchasing an additional 489 shares during the last quarter. Finally, Western Wealth Management LLC boosted its stake in Hewlett Packard Enterprise by 3.3% in the 3rd quarter. Western Wealth Management LLC now owns 15,253 shares of the technology company’s stock worth $375,000 after purchasing an additional 489 shares in the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

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.