Hewlett Packard Enterprise (NYSE:HPE) Shares Up 1.2% – Time to Buy?

Hewlett Packard Enterprise Company (NYSE:HPE) traded up 1.2% during mid-day trading on Monday. The stock traded as high as $57.68 and last traded at $55.7990. 17,377,986 shares were traded during trading, a decline of 19% from the average daily volume of 21,385,746 shares. The stock had previously closed at $55.13.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HPE shares. Weiss Ratings raised Hewlett Packard Enterprise from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, September 4th. UBS Group lifted their target price on Hewlett Packard Enterprise from $59.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, October 1st. Wall Street Zen raised Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 30th. Zacks Research upgraded Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 4th. Finally, Susquehanna cut their price objective on Hewlett Packard Enterprise from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Friday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and a consensus price target of $65.44.

Hewlett Packard Enterprise Stock Up 0.3%

The firm’s 50-day moving average price is $59.40 and its 200-day moving average price is $46.95. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.11 and a quick ratio of 0.72. The company has a market cap of $74.42 billion, a price-to-earnings ratio of 29.20, a price-to-earnings-growth ratio of 0.50 and a beta of 1.39.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share 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 business had revenue of $12.21 billion for the quarter, compared to analyst estimates of $11.97 billion. During the same quarter in the previous year, the business posted $0.44 EPS. The business’s quarterly revenue was up 33.7% on a year-over-year basis. 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 forecast that Hewlett Packard Enterprise Company will post 3.34 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, September 17th were paid a $0.1425 dividend. The ex-dividend date was Thursday, September 17th. This represents a $0.57 annualized dividend and a dividend yield of 1.0%. Hewlett Packard Enterprise’s dividend payout ratio is 29.69%.

Insider Activity

In other Hewlett Packard Enterprise news, EVP Rami Rahim sold 34,456 shares of the firm’s stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $61.42, for a total transaction of $2,116,287.52. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary Reiner sold 17,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred 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 sale, the director owned 65,072 shares in the company, valued at $3,703,247.52. This represents a 20.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 551,456 shares of company stock worth $35,271,258 over the last ninety days. Corporate insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

A number of institutional investors have recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Hewlett Packard Enterprise in the second quarter worth about $1,027,139,000. Primecap Management Co. CA acquired a new stake in Hewlett Packard Enterprise in the 2nd quarter valued at about $773,225,000. Elliott Investment Management L.P. lifted its holdings in Hewlett Packard Enterprise by 47.2% in the 1st quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock valued at $652,912,000 after acquiring an additional 8,790,757 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of 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 purchasing an additional 756,972 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Hewlett Packard Enterprise during the 2nd quarter valued at about $512,721,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company (NYSE:HPE) is a global technology company that provides information technology solutions for businesses, governments and other organizations. Its offerings are designed to help customers build, manage and modernize data centers, hybrid cloud environments and edge computing operations.

HPE’s portfolio includes enterprise servers and compute systems, data storage, networking products, high-performance computing and artificial intelligence infrastructure.