Brokerages Set Hewlett Packard Enterprise Company (NYSE:HPE) Target Price at $27.41

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) have earned a consensus recommendation of “Moderate Buy” from the twenty-one analysts that are presently covering the stock, Marketbeat reports. Eleven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $27.8824.

A number of analysts recently issued reports on HPE shares. Truist Financial started coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, March 31st. They set a “buy” rating and a $31.00 target price for the company. Morgan Stanley increased their target price on shares of Hewlett Packard Enterprise from $25.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday. Raymond James Financial reissued an “outperform” rating and set a $29.00 target price (down from $30.00) on shares of Hewlett Packard Enterprise in a research report on Monday, April 13th. Citigroup increased their target price on shares of Hewlett Packard Enterprise from $27.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Finally, Wall Street Zen cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Sunday, May 17th.

Hewlett Packard Enterprise Stock Up 10.7%

HPE opened at $37.60 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.03 and a quick ratio of 0.75. The stock has a market capitalization of $49.89 billion, a price-to-earnings ratio of -197.88, a price-to-earnings-growth ratio of 0.87 and a beta of 1.28. The business has a 50-day moving average of $27.00 and a two-hundred day moving average of $24.09. Hewlett Packard Enterprise has a 12 month low of $17.02 and a 12 month high of $37.75.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Monday, March 9th. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate 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 company had revenue of $9.30 billion during the quarter, compared to analysts’ expectations of $9.31 billion. During the same quarter in the previous year, the business earned $0.49 EPS. The firm’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. On average, research analysts expect that Hewlett Packard Enterprise will post 1.96 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th were issued a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, March 24th. Hewlett Packard Enterprise’s dividend payout ratio is currently -300.00%.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,482 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was 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 in the company, valued at $233,323.80. This represents a 44.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Fidelma Russo sold 34,001 shares of the company’s stock in a transaction that occurred 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 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. Insiders have sold 702,402 shares of company stock worth $18,440,171 over the last 90 days. 0.44% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several institutional investors and hedge funds have recently made changes to their positions in HPE. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Hewlett Packard Enterprise by 176.7% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company’s stock valued at $26,000 after buying an additional 666 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Hewlett Packard Enterprise during the 2nd quarter valued at approximately $26,000. SJS Investment Consulting Inc. grew its stake in Hewlett Packard Enterprise by 159.5% in the first quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock worth $28,000 after purchasing an additional 716 shares in the last quarter. Chilton Capital Management LLC acquired a new position in Hewlett Packard Enterprise in the third quarter worth about $30,000. Finally, Union Savings Bank acquired a new position in Hewlett Packard Enterprise in the fourth quarter worth about $30,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

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.