Hewlett Packard Enterprise (NYSE:HPE) Cut to “Buy” at Wall Street Zen

Wall Street Zen lowered shares of Hewlett Packard Enterprise (NYSE:HPE) from a strong-buy rating to a buy rating in a report published on Saturday morning.

HPE has been the subject of a number of other reports. JPMorgan Chase & Co. lifted their price target 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. Weiss Ratings raised shares of Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 29th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $71.00 to $69.00 in a report on Monday, August 10th. Bank of America raised their target price on shares of Hewlett Packard Enterprise from $38.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Finally, Sanford C. Bernstein raised their price target on Hewlett Packard Enterprise from $35.00 to $62.00 and gave the stock a “market perform” rating in a report on Tuesday, June 2nd. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.80.

Hewlett Packard Enterprise Stock Down 1.9%

Shares of NYSE HPE opened at $52.44 on Friday. The stock has a market capitalization of $69.44 billion, a PE ratio of 49.01, a P/E/G ratio of 0.58 and a beta of 1.42. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. The firm has a fifty day moving average of $48.98 and a 200-day moving average of $36.00. Hewlett Packard Enterprise has a 52-week low of $19.84 and a 52-week high of $64.25.

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. The business had revenue of $10.68 billion for the quarter, compared to analyst estimates of $9.78 billion. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The company’s revenue was up 40.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.82) EPS. 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. On average, analysts anticipate that Hewlett Packard Enterprise will post 2.9 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th were given a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a yield of 1.1%. The ex-dividend date was Tuesday, June 16th. Hewlett Packard Enterprise’s payout ratio is presently 53.27%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 18,785 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $48.50, for a total value 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. Insiders own 0.44% of the company’s stock.

Institutional Trading of Hewlett Packard Enterprise

A number of institutional investors and hedge funds have recently modified their holdings of HPE. Delos Wealth Advisors LLC acquired a new position in shares of Hewlett Packard Enterprise during the second quarter valued at about $27,000. First Bancorp Inc ME bought a new stake in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $30,000. Transamerica Financial Advisors LLC bought a new stake in Hewlett Packard Enterprise in the 2nd quarter valued at $37,000. SJS Investment Consulting Inc. raised its stake in shares of Hewlett Packard Enterprise by 159.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock valued at $28,000 after buying an additional 716 shares in the last quarter. Finally, Ancora Advisors LLC acquired a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at $56,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

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.