Hewlett Packard Enterprise (NYSE:HPE) Shares Climb 1.2% – What’s Next?

Hewlett Packard Enterprise Company (NYSE:HPE) shares shot up 1.2% during trading on Monday. The company traded as high as $57.68 and last traded at $55.7990. 17,377,986 shares were traded during mid-day trading, a decline of 19% from the average session volume of 21,385,746 shares. The stock had previously closed at $55.13.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HPE. Truist Financial reiterated a “buy” rating and issued a $75.00 price objective (up from $70.00) on shares of Hewlett Packard Enterprise in a research report on Thursday, October 1st. Raymond James Financial lifted their target price on Hewlett Packard Enterprise from $74.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, September 3rd. Zacks Research upgraded Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 4th. Morgan Stanley upped their price target on Hewlett Packard Enterprise from $67.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, October 1st. Finally, Wells Fargo & Company increased their price target on Hewlett Packard Enterprise from $54.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.44.

Hewlett Packard Enterprise Trading Up 1.2%

The firm has a market capitalization of $74.07 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 0.49 and a beta of 1.39. The business’s 50-day simple moving average is $59.34 and its two-hundred day simple moving average is $46.49. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 0.65.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.18. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The business had revenue of $12.21 billion for the quarter, compared to the consensus estimate of $11.97 billion. During the same period in the previous year, the firm earned $0.44 EPS. The business’s revenue was up 33.7% on a year-over-year basis. 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. Equities analysts forecast that Hewlett Packard Enterprise Company will post 3.34 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, September 17th were issued a $0.1425 dividend. This represents a $0.57 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, September 17th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 29.69%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Rami Rahim sold 34,456 shares of the business’s stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $61.42, for a total value of $2,116,287.52. Following the sale, the executive vice president owned 875,133 shares of the company’s stock, valued at $53,750,668.86. The trade was a 3.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Antonio Neri sold 250,000 shares of the company’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $68.31, for a total value of $17,077,500.00. Following the transaction, the chief executive officer owned 1,182,393 shares in the company, valued at $80,769,265.83. This trade represents a 17.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 551,456 shares of company stock valued at $35,271,258 over the last quarter. 0.44% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Hedge funds have recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Hewlett Packard Enterprise in the 2nd quarter valued at about $1,027,139,000. Primecap Management Co. CA purchased a new stake in Hewlett Packard Enterprise during the second quarter worth about $773,225,000. Legal & General Group Plc acquired a new stake in shares of Hewlett Packard Enterprise during the second quarter worth about $512,721,000. Elliott Investment Management L.P. lifted its position in shares of Hewlett Packard Enterprise by 47.2% during the first quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock worth $652,912,000 after purchasing an additional 8,790,757 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Hewlett Packard Enterprise during the second quarter worth about $322,718,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company (NYSE:HPE) is a global technology company that provides information technology solutions for businesses, governments and other organizations. Its offerings are designed to help customers build, manage and modernize data centers, hybrid cloud environments and edge computing operations.

HPE’s portfolio includes enterprise servers and compute systems, data storage, networking products, high-performance computing and artificial intelligence infrastructure.