Hewlett Packard Enterprise Company (NYSE:HPE – Get Free Report) rose 5% during mid-day trading on Wednesday. The stock traded as high as $51.78 and last traded at $50.3310. 14,764,652 shares changed hands during trading, a decline of 29% from the average daily volume of 20,900,043 shares. The stock had previously closed at $47.93.
Top Hewlett Packard Enterprise Stories
These are some of the HPE stories that stood out recently:
- Positive Sentiment: Coverage says analysts retained a Moderate Buy view following HPE’s earnings beat, offering a supportive signal for sentiment. Hewlett Packard Enterprise stock keeps Moderate Buy after beat
- Positive Sentiment: A new HPE Private Cloud deployment for the Royal Australasian College of Surgeons is projected to save about A$2.1 million over five years, illustrating a potential customer benefit from HPE’s GreenLake offering. Why Is Hewlett Packard Enterprise Winning Clients With $2.1 Million Savings?
- Negative Sentiment: A technical outlook says bearish pressure is testing support while momentum remains soft, a potential near-term headwind for the shares. Hewlett Packard Enterprise Stock Price Prediction
Analyst Upgrades and Downgrades
Several research analysts have recently commented on HPE shares. Raymond James Financial boosted their price target on Hewlett Packard Enterprise from $74.00 to $86.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. UBS Group raised their price objective on Hewlett Packard Enterprise from $59.00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday, October 1st. Deutsche Bank began coverage on Hewlett Packard Enterprise in a research note on Tuesday, September 1st. They issued a “buy” rating and a $62.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on shares of Hewlett Packard Enterprise from $68.00 to $70.00 in a report on Tuesday, August 25th. Finally, Daiwa Securities Group raised shares of Hewlett Packard Enterprise from a “neutral” rating to an “outperform” rating and increased their price target for the company from $65.00 to $75.00 in a research report on Friday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $65.44.
Get Our Latest Report on Hewlett Packard Enterprise
Hewlett Packard Enterprise Trading Down 3.9%
The company has a 50 day moving average of $58.97 and a two-hundred day moving average of $41.94. The stock has a market capitalization of $64.00 billion, a PE ratio of 25.11, a P/E/G ratio of 0.33 and a beta of 1.46. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.72 and a current ratio of 1.11.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last released its quarterly 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. The company had revenue of $12.21 billion during the quarter, compared to analysts’ expectations of $11.97 billion. Hewlett Packard Enterprise had a return on equity of 15.50% and a net margin of 6.60%. The firm’s revenue was up 33.7% compared to the same quarter last year. During the same period last year, the business posted $0.44 earnings per share. 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. Sell-side analysts predict that Hewlett Packard Enterprise Company will post 3.35 EPS for the current year.
Hewlett Packard Enterprise Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, September 17th were issued a dividend of $0.1425 per share. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.2%. Hewlett Packard Enterprise’s payout ratio is 29.69%.
Insider Activity at Hewlett Packard Enterprise
In related news, EVP Rami Rahim sold 34,456 shares of the firm’s stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $61.42, for a total value of $2,116,287.52. Following the completion of the transaction, the executive vice president owned 875,133 shares in the company, valued at $53,750,668.86. This trade represents a 3.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary M. Reiner sold 17,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $56.91, for a total value of $967,470.00. Following 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 position. The SEC filing for this sale provides additional information. Insiders have sold a total of 585,899 shares of company stock valued at $37,270,329 in the last ninety days. Company insiders own 0.44% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. Elliott Investment Management L.P. boosted its position in Hewlett Packard Enterprise by 47.2% in 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 buying an additional 8,790,757 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Hewlett Packard Enterprise during the 2nd quarter worth approximately $1,027,139,000. Primecap Management Co. CA acquired a new stake in Hewlett Packard Enterprise during the 2nd quarter valued at approximately $773,225,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Hewlett Packard Enterprise by 6.1% during the 2nd 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 acquiring an additional 756,972 shares during the period. Finally, Legal & General Group Plc purchased a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter valued at $512,721,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.
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.
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