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

Hewlett Packard Enterprise Company (NYSE:HPE)’s share price hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $67.10 and last traded at $64.0230, with a volume of 6257088 shares changing hands. The stock had previously closed at $61.49.

Analysts Set New Price Targets

HPE has been the topic of several research analyst reports. Zacks Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 4th. JPMorgan Chase & Co. upped their target price on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. Morgan Stanley lowered their target price on Hewlett Packard Enterprise from $69.00 to $67.00 and set an “overweight” rating on the stock in a research note on Thursday, September 3rd. Evercore cut Hewlett Packard Enterprise from an “outperform” rating to an “in-line” rating and set a $65.00 price target for the company. in a report on Monday, September 14th. Finally, Sanford C. Bernstein boosted their price target on Hewlett Packard Enterprise from $35.00 to $62.00 and gave the company a “market perform” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.18.

Hewlett Packard Enterprise Trading Up 7.2%

The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.72 and a current ratio of 1.11. The stock has a market capitalization of $87.51 billion, a P/E ratio of 33.98, a price-to-earnings-growth ratio of 0.56 and a beta of 1.43. The firm’s fifty day simple moving average is $54.72 and its 200 day simple moving average is $42.45.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, September 2nd. The technology company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.93 by $0.18. The company had revenue of $12.21 billion during the quarter, compared to analysts’ expectations of $11.97 billion. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The business’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period in the previous year, the company earned $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. As a group, equities research analysts forecast that Hewlett Packard Enterprise Company will post 3.34 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm 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. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, September 17th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 29.69%.

Insider Buying and Selling at Hewlett Packard Enterprise

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

Institutional Trading of Hewlett Packard Enterprise

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter valued at $1,027,139,000. Capital World Investors bought a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $901,751,000. Primecap Management Co. CA bought a new position in Hewlett Packard Enterprise in the second quarter valued at about $773,225,000. Elliott Investment Management L.P. boosted its stake in shares of Hewlett Packard Enterprise by 47.2% during the first quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock valued at $652,912,000 after purchasing an additional 8,790,757 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Hewlett Packard Enterprise by 6.1% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,088,774 shares of the technology company’s stock valued at $590,435,000 after purchasing an additional 756,972 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

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.