Hewlett Packard Enterprise (NYSE:HPE) Stock Price Up 6.3% – What’s Next?

Hewlett Packard Enterprise Company (NYSE:HPE) rose 6.3% during mid-day trading on Monday. The stock traded as high as $48.80 and last traded at $47.5850. 13,149,314 shares changed hands during trading, a decline of 37% from the average session volume of 20,960,793 shares. The stock had previously closed at $44.77.

Wall Street Analyst Weigh In

HPE has been the subject of several research analyst reports. Evercore raised their price objective on shares of Hewlett Packard Enterprise from $65.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, October 1st. Weiss Ratings upgraded Hewlett Packard Enterprise from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, September 4th. Susquehanna reduced their target price on Hewlett Packard Enterprise from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Friday, September 4th. Wall Street Zen raised Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 30th. Finally, Morgan Stanley lifted their price target on Hewlett Packard Enterprise from $67.00 to $72.00 and gave the company an “overweight” rating in a research report on Thursday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and a consensus target price of $65.44.

Hewlett Packard Enterprise Stock Up 6.3%

The stock’s 50 day simple moving average is $59.20 and its two-hundred day simple moving average is $41.39. The firm has a market cap of $63.17 billion, a P/E ratio of 24.78, a P/E/G ratio of 0.29 and a beta of 1.46. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.11 and a quick ratio of 0.72.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.18. The firm had revenue of $12.21 billion for the quarter, compared to analysts’ expectations of $11.97 billion. Hewlett Packard Enterprise had a return on equity of 15.50% and a net margin of 6.60%. The business’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.44 EPS. 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, research analysts forecast that Hewlett Packard Enterprise Company will post 3.35 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, September 17th were issued a $0.1425 dividend. This represents a $0.57 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, September 17th. Hewlett Packard Enterprise’s payout ratio is 29.69%.

Insider Transactions at Hewlett Packard Enterprise

In other news, Director Gary Reiner sold 17,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $56.91, for a total value of $967,470.00. Following the completion of the transaction, the director owned 65,072 shares of the company’s stock, valued at $3,703,247.52. The trade was a 20.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rami Rahim sold 34,443 shares of the company’s stock in a transaction dated Wednesday, October 21st. The stock was sold at an average price of $58.04, for a total transaction of $1,999,071.72. Following the completion of the transaction, the executive vice president owned 840,690 shares in the company, valued at approximately $48,793,647.60. The trade was a 3.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 585,899 shares of company stock valued at $37,270,329. Insiders own 0.44% of the company’s stock.

Institutional Trading of Hewlett Packard Enterprise

Institutional investors and hedge funds have recently bought and sold shares of the company. Elliott Investment Management L.P. increased its holdings in shares of Hewlett Packard Enterprise by 47.2% in the 1st quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock worth $652,912,000 after buying an additional 8,790,757 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at about $1,027,139,000. Primecap Management Co. CA bought a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at about $773,225,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Hewlett Packard Enterprise by 6.1% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,088,774 shares of the technology company’s stock worth $590,435,000 after acquiring an additional 756,972 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in Hewlett Packard Enterprise in the second quarter worth about $512,721,000. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise (HPE) is a global information technology company that provides products and services for businesses, governments and other organizations. Its offerings span servers and computing systems, data storage, networking, hybrid cloud, artificial intelligence and edge computing.

HPE sells systems such as HPE ProLiant servers and HPE Alletra storage, along with networking products through HPE Aruba Networking. Its HPE GreenLake platform provides cloud and IT services through a flexible, consumption-based model.