Hewlett Packard Enterprise (NYSE:HPE) Rating Lowered to Equal Weight at Barclays

Hewlett Packard Enterprise (NYSE:HPE) was downgraded by equities research analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Wednesday, MarketBeat reports. They presently have a $77.00 target price on the technology company’s stock. Barclays‘s price objective would indicate a potential upside of 12.06% from the company’s previous close.

HPE has been the topic of several other reports. Deutsche Bank Aktiengesellschaft began coverage on Hewlett Packard Enterprise in a research report on Tuesday, September 1st. They issued a “buy” rating and a $62.00 price objective on the stock. Loop Capital cut their target price on Hewlett Packard Enterprise from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Tuesday, September 8th. Piper Sandler lifted their target price on Hewlett Packard Enterprise from $57.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, October 1st. Raymond James Financial lifted their target price on Hewlett Packard Enterprise from $74.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, September 3rd. Finally, Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.44.

Hewlett Packard Enterprise Stock Down 2.3%

Hewlett Packard Enterprise stock opened at $68.72 on Wednesday. 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 has a one year low of $19.84 and a one year high of $73.56. The stock has a fifty day moving average of $58.98 and a 200 day moving average of $45.75. The stock has a market cap of $91.22 billion, a PE ratio of 35.79, a price-to-earnings-growth ratio of 0.63 and a beta of 1.39.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, topping 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 company had revenue of $12.21 billion during the quarter, compared to the consensus estimate of $11.97 billion. During the same quarter in the prior year, the firm posted $0.44 EPS. Hewlett Packard Enterprise’s quarterly revenue 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. As a group, sell-side analysts predict that Hewlett Packard Enterprise will post 3.34 EPS for the current year.

Insider Transactions at Hewlett Packard Enterprise

In other news, CEO Antonio Neri sold 250,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $68.31, for a total value of $17,077,500.00. Following the sale, the chief executive officer directly owned 1,182,393 shares of the company’s stock, valued at approximately $80,769,265.83. The trade was a 17.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rami Rahim sold 34,456 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $61.42, for a total value of $2,116,287.52. Following the completion of the sale, the executive vice president directly owned 875,133 shares in the company, valued at approximately $53,750,668.86. The trade was a 3.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 551,456 shares of company stock valued at $35,271,258. 0.44% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Hedge funds have recently bought and sold shares of the business. Delos Wealth Advisors LLC purchased a new position in Hewlett Packard Enterprise during the 2nd quarter valued at about $27,000. SJS Investment Consulting Inc. raised its holdings 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 purchasing an additional 716 shares in the last quarter. Union Savings Bank purchased a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth approximately $30,000. First Bancorp Inc ME purchased a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter worth approximately $30,000. Finally, Reflection Asset Management bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

About Hewlett Packard Enterprise

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

HPE’s portfolio includes enterprise servers, high-performance computing systems, data storage, networking equipment, software and technology consulting services. The company also provides hybrid cloud and as-a-service solutions through HPE GreenLake, allowing customers to access and manage computing, storage, data protection and other IT capabilities through a flexible consumption model.