Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $32.00

Hewlett Packard Enterprise (NYSE:HPE) had its price objective hoisted by Bank of America from $29.00 to $32.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Bank of America currently has a buy rating on the technology company’s stock.

Several other analysts have also commented on the company. Argus lifted their price objective on Hewlett Packard Enterprise from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Citigroup dropped their target price on Hewlett Packard Enterprise from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Morgan Stanley lowered their price objective on shares of Hewlett Packard Enterprise from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a report on Friday, December 26th. Finally, Zacks Research upgraded shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.50.

Hewlett Packard Enterprise Trading Up 0.6%

Hewlett Packard Enterprise stock opened at $21.56 on Tuesday. Hewlett Packard Enterprise has a one year low of $11.97 and a one year high of $26.44. The business’s fifty day moving average is $21.96 and its 200 day moving average is $23.06. The stock has a market capitalization of $28.65 billion, a PE ratio of -113.47, a price-to-earnings-growth ratio of 0.56 and a beta of 1.31. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.03 and a quick ratio of 0.76.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Monday, March 9th. The technology company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. Hewlett Packard Enterprise had a positive return on equity of 9.93% and a negative net margin of 0.41%.The business had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.31 billion. During the same quarter in the previous year, the firm earned $0.49 EPS. Hewlett Packard Enterprise’s revenue was up 18.4% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.300-2.500 EPS and its Q2 2026 guidance at 0.510-0.550 EPS. On average, sell-side analysts predict that Hewlett Packard Enterprise will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th will be paid a $0.1425 dividend. This represents a $0.57 annualized dividend and a yield of 2.6%. The ex-dividend date is Tuesday, March 24th. Hewlett Packard Enterprise’s dividend payout ratio is presently -300.00%.

Insider Activity at Hewlett Packard Enterprise

In related news, CEO Antonio F. Neri sold 26,457 shares of the business’s stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $24.49, for a total value of $647,931.93. Following the sale, the chief executive officer directly owned 2,101,761 shares in the company, valued at approximately $51,472,126.89. The trade was a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kirt P. Karros sold 36,460 shares of the stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $24.61, for a total value of $897,280.60. Following the transaction, the senior vice president directly owned 18,785 shares of the company’s stock, valued at approximately $462,298.85. The trade was a 66.00% decrease in their ownership of the stock. 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

Large investors have recently added to or reduced their stakes in the company. Corient Private Wealth LLC lifted its position in Hewlett Packard Enterprise by 8.2% during the fourth quarter. Corient Private Wealth LLC now owns 424,363 shares of the technology company’s stock valued at $10,197,000 after purchasing an additional 32,149 shares during the last quarter. Union Savings Bank purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $30,000. Hsbc Holdings PLC raised its position in shares of Hewlett Packard Enterprise by 5.6% during the 4th quarter. Hsbc Holdings PLC now owns 7,826,838 shares of the technology company’s stock valued at $187,983,000 after buying an additional 416,972 shares in the last quarter. SHP Wealth Management bought a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $85,000. Finally, EJMK Ventures LLC bought a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $478,000. Institutional investors own 80.78% of the company’s stock.

About Hewlett Packard Enterprise

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.