Hewlett Packard Enterprise (NYSE:HPE) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of Hewlett Packard Enterprise (NYSE:HPE) from an equal weight rating to an overweight rating in a research note issued to investors on Monday morning, MarketBeat Ratings reports. Morgan Stanley currently has $69.00 price objective on the technology company’s stock, down from their previous price objective of $71.00.

Several other brokerages have also recently weighed in on HPE. Zacks Research cut Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Piper Sandler reaffirmed a “neutral” rating and issued a $63.00 target price (up from $23.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. Wells Fargo & Company lifted their price target on Hewlett Packard Enterprise from $26.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 2nd. Barclays boosted their price target on shares of Hewlett Packard Enterprise from $28.00 to $67.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. Finally, Weiss Ratings upgraded shares of Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 29th. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.80.

Hewlett Packard Enterprise Stock Up 8.1%

NYSE HPE opened at $58.78 on Monday. Hewlett Packard Enterprise has a one year low of $19.84 and a one year high of $64.25. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.75 and a current ratio of 1.09. The business has a fifty day moving average price of $47.90 and a 200 day moving average price of $34.10. The company has a market cap of $77.84 billion, a P/E ratio of 54.93, a P/E/G ratio of 0.59 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.25. The business had revenue of $10.68 billion during the quarter, compared to analyst estimates of $9.78 billion. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The company’s revenue for the quarter was up 40.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.82) earnings per share. 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. Research analysts anticipate that Hewlett Packard Enterprise will post 2.9 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th were paid a $0.1425 dividend. This represents a $0.57 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, June 16th. Hewlett Packard Enterprise’s dividend payout ratio is 53.27%.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, SVP Kirt P. Karros sold 18,785 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $48.50, for a total transaction of $911,072.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.44% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of institutional investors have recently made changes to their positions in the stock. SJS Investment Consulting Inc. boosted its position in shares of Hewlett Packard Enterprise by 159.5% during the 1st 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 during the period. Headlands Technologies LLC purchased a new position in shares of Hewlett Packard Enterprise during the second quarter worth $26,000. Union Savings Bank purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth $30,000. Reflection Asset Management acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at $31,000. Finally, Clearstead Trust LLC purchased a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter valued at $58,000. 80.78% of the stock is currently 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.