Hewlett Packard Enterprise (NYSE:HPE) Reaches New 52-Week High – Here’s What Happened

Hewlett Packard Enterprise Company (NYSE:HPE) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $29.75 and last traded at $29.5360, with a volume of 1786317 shares changing hands. The stock had previously closed at $28.71.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HPE. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, March 25th. Raymond James Financial reiterated an “outperform” rating and issued a $29.00 price target (down from $30.00) on shares of Hewlett Packard Enterprise in a research note on Monday, April 13th. The Goldman Sachs Group began coverage on Hewlett Packard Enterprise in a research note on Tuesday, January 13th. They issued a “buy” rating and a $31.00 price target on the stock. Citigroup lifted their price target on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Finally, Truist Financial began coverage on Hewlett Packard Enterprise in a research note on Tuesday, March 31st. They issued a “buy” rating and a $31.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and an average target price of $26.71.

Hewlett Packard Enterprise Price Performance

The firm has a market cap of $39.37 billion, a P/E ratio of -156.17, a price-to-earnings-growth ratio of 0.78 and a beta of 1.28. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.71. The business has a 50-day moving average of $24.46 and a two-hundred day moving average of $23.38.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Monday, March 9th. The technology company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.31 billion. Hewlett Packard Enterprise had a positive return on equity of 9.93% and a negative net margin of 0.41%.Hewlett Packard Enterprise’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS. 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. On average, sell-side analysts anticipate that Hewlett Packard Enterprise Company will post 1.96 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th were issued a dividend of $0.1425 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.57 annualized dividend and a yield of 1.9%. Hewlett Packard Enterprise’s payout ratio is presently -300.00%.

Insider Activity

In other Hewlett Packard Enterprise news, CFO Marie Myers sold 93,583 shares of Hewlett Packard Enterprise stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $30.01, for a total transaction of $2,808,425.83. Following the transaction, the chief financial officer directly owned 204,754 shares of the company’s stock, valued at approximately $6,144,667.54. The trade was a 31.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Antonio F. Neri sold 264,432 shares of the business’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $25.18, for a total value of $6,658,397.76. Following the completion of the transaction, the chief executive officer directly owned 1,837,329 shares in the company, valued at $46,263,944.22. This represents a 12.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 702,402 shares of company stock worth $18,440,171. 0.44% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Investment Research Partners LLC lifted its stake in shares of Hewlett Packard Enterprise by 2.0% in the 4th quarter. Investment Research Partners LLC now owns 21,925 shares of the technology company’s stock valued at $527,000 after purchasing an additional 423 shares during the period. D.A. Davidson & CO. increased its position in Hewlett Packard Enterprise by 4.5% in the 1st quarter. D.A. Davidson & CO. now owns 9,998 shares of the technology company’s stock valued at $238,000 after buying an additional 429 shares in the last quarter. Bleakley Financial Group LLC increased its position in Hewlett Packard Enterprise by 1.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 42,532 shares of the technology company’s stock valued at $1,045,000 after buying an additional 439 shares in the last quarter. Spire Wealth Management increased its position in Hewlett Packard Enterprise by 7.1% in the 3rd quarter. Spire Wealth Management now owns 6,694 shares of the technology company’s stock valued at $164,000 after buying an additional 445 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its position in Hewlett Packard Enterprise by 0.6% in the 4th quarter. TD Private Client Wealth LLC now owns 80,769 shares of the technology company’s stock valued at $1,940,000 after buying an additional 448 shares in the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

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.