Evercore Downgrades Hewlett Packard Enterprise (NYSE:HPE) to In-Line

Hewlett Packard Enterprise (NYSE:HPE) was downgraded by equities research analysts at Evercore from an “outperform” rating to an “in-line” rating in a research report issued to clients and investors on Monday, Briefing.com reports. They currently have a $65.00 target price on the technology company’s stock. Evercore’s price objective would indicate a potential upside of 4.81% from the company’s previous close.

A number of other brokerages have also recently commented on HPE. Sanford C. Bernstein upped their target price on shares of Hewlett Packard Enterprise from $35.00 to $62.00 and gave the company a “market perform” rating in a report on Tuesday, June 2nd. Weiss Ratings upgraded shares of Hewlett Packard Enterprise from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, September 4th. Truist Financial boosted their price objective on shares of Hewlett Packard Enterprise from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. JPMorgan Chase & Co. upped their price objective on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Finally, Citigroup raised their target price on Hewlett Packard Enterprise from $74.00 to $76.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.18.

Hewlett Packard Enterprise Trading Down 0.1%

Shares of NYSE:HPE opened at $62.02 on Monday. The stock’s 50-day simple moving average is $51.32 and its two-hundred day simple moving average is $39.14. The stock has a market capitalization of $82.32 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 0.55 and a beta of 1.43. Hewlett Packard Enterprise has a 52-week low of $19.84 and a 52-week high of $64.25. 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) last released its quarterly 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. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The firm had revenue of $12.21 billion during the quarter, compared to analyst estimates of $11.97 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. The business’s revenue for the quarter was up 33.7% compared to the same quarter last year. 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. Analysts expect that Hewlett Packard Enterprise will post 3.34 EPS for the current year.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Kirt Karros sold 18,785 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total transaction of $911,072.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HPE. Empowered Funds LLC raised its holdings in Hewlett Packard Enterprise by 317.3% during the 1st quarter. Empowered Funds LLC now owns 149,810 shares of the technology company’s stock valued at $2,312,000 after buying an additional 113,906 shares during the period. Geneos Wealth Management Inc. boosted its stake in Hewlett Packard Enterprise by 44.7% during the first quarter. Geneos Wealth Management Inc. now owns 4,456 shares of the technology company’s stock worth $69,000 after buying an additional 1,377 shares during the period. Brown Advisory Inc. increased its position in Hewlett Packard Enterprise by 4.4% during the second quarter. Brown Advisory Inc. now owns 23,593 shares of the technology company’s stock valued at $482,000 after acquiring an additional 996 shares during the last quarter. Jump Financial LLC increased its position in Hewlett Packard Enterprise by 25.8% during the second quarter. Jump Financial LLC now owns 15,662 shares of the technology company’s stock valued at $320,000 after acquiring an additional 3,215 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at $207,000. 80.78% of the stock is owned by institutional investors.

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 and other organizations. Its offerings are designed to support data centers, cloud computing, artificial intelligence, networking and the management of distributed IT environments.

HPE’s portfolio includes enterprise servers, data storage systems, networking equipment, high-performance computing and software. Through its HPE GreenLake platform, the company also delivers cloud and as-a-service solutions that allow customers to access computing, storage, data protection and other IT capabilities through a flexible consumption model.