Hewlett Packard Enterprise (NYSE:HPE) Raised to Strong-Buy at Zacks Research

Hewlett Packard Enterprise (NYSE:HPE) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Several other research firms also recently weighed in on HPE. UBS Group raised their price target on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. Piper Sandler reissued a “neutral” rating and issued a $63.00 price target (up from $23.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. Susquehanna boosted their price target on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. Loop Capital raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and boosted their price target for the stock from $23.00 to $75.00 in a report on Tuesday, June 2nd. Finally, Truist Financial reissued a “buy” rating and issued a $69.00 price target (up from $31.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $64.65.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $46.70 on Wednesday. Hewlett Packard Enterprise has a 1-year low of $17.49 and a 1-year high of $64.25. The company has a market capitalization of $61.84 billion, a P/E ratio of 43.64, a PEG ratio of 0.49 and a beta of 1.42. The business has a 50 day moving average price of $33.54 and a 200 day moving average price of $26.43. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.25. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The firm had revenue of $10.68 billion during the quarter, compared to the consensus estimate of $9.78 billion. During the same period last year, the business posted ($0.82) EPS. Hewlett Packard Enterprise’s quarterly revenue was up 40.0% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2026 guidance at 3.350-3.450 EPS and its Q3 2026 guidance at 0.880-0.930 EPS. Sell-side analysts expect that Hewlett Packard Enterprise will post 2.88 EPS for the current fiscal year.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP Fidelma Russo sold 34,001 shares of the company’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $25.08, for a total value of $852,745.08. Following the completion of the transaction, the executive vice president directly owned 17,001 shares in the company, valued at approximately $426,385.08. This represents a 66.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Bethany Mayer sold 6,482 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $29.10, for a total value of $188,626.20. Following the completion of the transaction, the director owned 8,018 shares of the company’s stock, valued at $233,323.80. The trade was a 44.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Corporate insiders own 0.44% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Investment Research Partners LLC lifted its holdings in shares of Hewlett Packard Enterprise by 2.0% during the 4th quarter. Investment Research Partners LLC now owns 21,925 shares of the technology company’s stock worth $527,000 after acquiring an additional 423 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of Hewlett Packard Enterprise by 4.5% during the 1st quarter. D.A. Davidson & CO. now owns 9,998 shares of the technology company’s stock worth $238,000 after acquiring an additional 429 shares during the period. Bleakley Financial Group LLC lifted its holdings in shares of Hewlett Packard Enterprise by 1.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 42,532 shares of the technology company’s stock worth $1,045,000 after acquiring an additional 439 shares during the period. Compound Planning Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 2.4% during the 1st quarter. Compound Planning Inc. now owns 18,951 shares of the technology company’s stock worth $451,000 after acquiring an additional 446 shares during the period. Finally, Essential Partners LLC lifted its holdings in shares of Hewlett Packard Enterprise by 1.6% during the 1st quarter. Essential Partners LLC now owns 28,100 shares of the technology company’s stock worth $669,000 after acquiring an additional 447 shares during the period. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

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.