Hewlett Packard Enterprise (NYSE:HPE) Earns Buy Rating from Analysts at Truist Financial

Truist Financial initiated coverage on shares of Hewlett Packard Enterprise (NYSE:HPE) in a research report released on Tuesday, MarketBeat.com reports. The brokerage issued a buy rating and a $31.00 price target on the technology company’s stock.

A number of other research analysts also recently issued reports on HPE. Argus increased 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. Zacks Research upgraded Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. The Goldman Sachs Group initiated coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, January 13th. They set a “buy” rating and a $31.00 price target for the company. Citigroup lifted their price objective on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Finally, Morgan Stanley boosted their price objective on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 10th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and an average price target of $26.76.

Hewlett Packard Enterprise Trading Up 2.6%

HPE opened at $24.61 on Tuesday. The stock has a market capitalization of $32.65 billion, a P/E ratio of -129.50, a P/E/G ratio of 0.61 and a beta of 1.20. Hewlett Packard Enterprise has a 12 month low of $11.97 and a 12 month high of $26.44. The firm’s fifty day simple moving average is $22.23 and its 200 day simple moving average is $23.03. 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 earnings per share (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 during the quarter, compared to analysts’ expectations of $9.31 billion. During the same quarter in the prior year, the company earned $0.49 EPS. The company’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. As a group, research analysts anticipate that Hewlett Packard Enterprise will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Investors of record on Tuesday, March 24th will be issued a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, March 24th. Hewlett Packard Enterprise’s payout ratio is presently -300.00%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 264,432 shares of the company’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $25.18, for a total transaction of $6,658,397.76. Following the sale, the chief executive officer directly owned 1,837,329 shares of the company’s stock, valued at approximately $46,263,944.22. This represents a 12.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Fidelma Russo sold 34,001 shares of the stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $25.08, for a total transaction of $852,745.08. Following the completion of the sale, the executive vice president owned 17,001 shares of the company’s stock, valued at approximately $426,385.08. This represents a 66.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 411,085 shares of company stock valued at $10,337,582. 0.44% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital World Investors bought a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $901,751,000. Elliott Investment Management L.P. bought a new position in shares of Hewlett Packard Enterprise during the 2nd quarter worth approximately $381,004,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $433,537,000. Jericho Capital Asset Management L.P. bought a new stake in Hewlett Packard Enterprise in the 3rd quarter valued at $416,900,000. Finally, Norges Bank bought a new stake in Hewlett Packard Enterprise in the 4th quarter valued at $185,969,000. Institutional investors own 80.78% of the company’s stock.

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.