Brokerages Set Hewlett Packard Enterprise Company (NYSE:HPE) PT at $26.50

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) have been given a consensus recommendation of “Moderate Buy” by the twenty-one brokerages that are currently covering the company, Marketbeat Ratings reports. Eleven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $26.7647.

Several research analysts have commented on HPE shares. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Zacks Research raised Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. The Goldman Sachs Group initiated coverage on Hewlett Packard Enterprise in a report on Tuesday, January 13th. They set a “buy” rating and a $31.00 price target for the company. Weiss Ratings restated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, March 25th. Finally, Citigroup raised their price objective 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.

Hewlett Packard Enterprise Stock Up 2.6%

HPE stock opened at $24.61 on Tuesday. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $26.44. The business has a 50-day simple moving average of $22.23 and a 200 day simple moving average of $23.03. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.71. The company has a market cap of $32.65 billion, a PE ratio of -129.50, a price-to-earnings-growth ratio of 0.61 and a beta of 1.20.

Hewlett Packard Enterprise (NYSE:HPE) last issued its 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 negative net margin of 0.41% and a positive return on equity of 9.93%. The company had revenue of $9.30 billion during the quarter, compared to analysts’ expectations of $9.31 billion. During the same period in the previous year, the company earned $0.49 EPS. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. 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. Sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Tuesday, March 24th will be paid a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, March 24th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently -300.00%.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP Fidelma Russo sold 34,001 shares of the stock in a transaction that occurred on Wednesday, March 25th. The shares were 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 $426,385.08. This represents a 66.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Antonio F. Neri sold 264,432 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $25.18, for a total transaction of $6,658,397.76. Following the completion of the sale, the chief executive officer owned 1,837,329 shares in the company, valued at $46,263,944.22. This represents a 12.58% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 411,085 shares of company stock valued at $10,337,582. 0.44% of the stock is owned by insiders.

Institutional Trading of Hewlett Packard Enterprise

Hedge funds have recently made changes to their positions in the company. TFC Financial Management Inc. increased its stake in shares of Hewlett Packard Enterprise by 2,694.4% in the third quarter. TFC Financial Management Inc. now owns 1,006 shares of the technology company’s stock valued at $25,000 after buying an additional 970 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its position in 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 worth $26,000 after buying an additional 666 shares during the period. Headlands Technologies LLC acquired a new stake in Hewlett Packard Enterprise during the 2nd quarter worth approximately $26,000. Chilton Capital Management LLC bought a new stake in Hewlett Packard Enterprise during the 3rd quarter worth approximately $30,000. Finally, Union Savings Bank acquired a new position in Hewlett Packard Enterprise in the 4th quarter valued at approximately $30,000. 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.