Hewlett Packard Enterprise (NYSE:HPE) Downgraded by Wall Street Zen to “Buy”

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.

A number of other brokerages have also issued reports on HPE. Argus increased their price objective on shares of Hewlett Packard Enterprise from $30.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Wells Fargo & Company boosted their target price on shares of Hewlett Packard Enterprise from $26.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 2nd. Raymond James Financial upped their target price on shares of Hewlett Packard Enterprise from $29.00 to $74.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 2nd. Barclays raised their target price on shares of Hewlett Packard Enterprise from $28.00 to $67.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Finally, UBS Group lifted their price target on shares of Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $69.80.

Hewlett Packard Enterprise Price Performance

Shares of Hewlett Packard Enterprise stock opened at $53.48 on Friday. The stock’s 50-day simple moving average is $48.90 and its 200-day simple moving average is $35.69. Hewlett Packard Enterprise has a 52 week low of $19.84 and a 52 week high of $64.25. The company has a market capitalization of $70.82 billion, a price-to-earnings ratio of 49.98, a PEG 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.

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, topping analysts’ consensus estimates of $0.54 by $0.25. The firm had revenue of $10.68 billion during 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 business’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($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. As a group, analysts expect that Hewlett Packard Enterprise will post 2.9 earnings per share for the current fiscal 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. The ex-dividend date was Tuesday, June 16th. This represents a $0.57 dividend on an annualized basis and a yield of 1.1%. Hewlett Packard Enterprise’s payout ratio is 53.27%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, SVP Kirt P. Karros sold 18,785 shares of the stock in a transaction on Monday, June 22nd. The shares were 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 available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several hedge funds have recently added to or reduced their stakes in HPE. Delos Wealth Advisors LLC bought a new stake in Hewlett Packard Enterprise in the second quarter worth about $27,000. First Bancorp Inc ME bought a new position in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $30,000. Transamerica Financial Advisors LLC purchased a new stake in shares of Hewlett Packard Enterprise in the second quarter worth approximately $37,000. SJS Investment Consulting Inc. lifted its stake 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 acquiring an additional 716 shares during the last quarter. Finally, Ancora Advisors LLC bought a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter worth approximately $56,000. 80.78% of the stock is currently owned by institutional investors.

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.