Hewlett Packard Enterprise (NYSE:HPE) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Hewlett Packard Enterprise (NYSE:HPE) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

Other equities research analysts have also recently issued reports about the company. Truist Financial started coverage on Hewlett Packard Enterprise in a research report on Tuesday, March 31st. They set a “buy” rating and a $31.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, March 25th. Raymond James Financial reaffirmed an “outperform” rating and set a $29.00 price objective (down from $30.00) on shares of Hewlett Packard Enterprise in a research report on Monday, April 13th. Citigroup increased their price objective on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Finally, Bank of America increased their price objective on Hewlett Packard Enterprise from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and a consensus target price of $26.71.

Hewlett Packard Enterprise Trading Up 5.4%

NYSE HPE opened at $31.30 on Friday. Hewlett Packard Enterprise has a 12 month low of $16.76 and a 12 month high of $31.35. The stock has a market cap of $41.53 billion, a P/E ratio of -164.73, a P/E/G ratio of 0.81 and a beta of 1.28. The stock’s fifty day moving average price is $24.46 and its 200-day moving average price is $23.38. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.71.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Monday, March 9th. The technology company reported $0.65 EPS 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 firm had revenue of $9.30 billion for the quarter, compared to analysts’ expectations of $9.31 billion. During the same period in the prior year, the firm posted $0.49 earnings per share. The company’s quarterly 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. As a group, equities analysts forecast that Hewlett Packard Enterprise will post 1.96 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th were given a $0.1425 dividend. This represents a $0.57 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, March 24th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently -300.00%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 112,652 shares of the firm’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $25.09, for a total value of $2,826,438.68. Following the transaction, the executive vice president directly owned 56,494 shares of the company’s stock, valued at approximately $1,417,434.46. This trade represents a 66.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Bethany Mayer sold 6,482 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $29.10, for a total value of $188,626.20. Following the completion of the transaction, the director directly owned 8,018 shares in the company, valued at $233,323.80. The trade was a 44.70% 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. In the last three months, insiders sold 702,402 shares of company stock valued at $18,440,171. 0.44% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HPE. Capital World Investors purchased a new position in Hewlett Packard Enterprise in the fourth quarter worth about $901,751,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Hewlett Packard Enterprise in the fourth quarter worth about $433,537,000. Jericho Capital Asset Management L.P. purchased a new position in Hewlett Packard Enterprise in the third quarter worth about $416,900,000. Norges Bank bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth about $185,969,000. Finally, Holocene Advisors LP bought a new position in shares of Hewlett Packard Enterprise in the third quarter worth about $144,468,000. 80.78% of the stock is 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.