Hewlett Packard Enterprise (NYSE:HPE) Trading Up 9.2% – Still a Buy?

Hewlett Packard Enterprise Company (NYSE:HPE)’s stock price rose 9.2% during mid-day trading on Thursday . The company traded as high as $61.84 and last traded at $61.8860. Approximately 4,670,580 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 21,315,863 shares. The stock had previously closed at $56.68.

Wall Street Analyst Weigh In

Several research firms have weighed in on HPE. Wells Fargo & Company cut their target price on Hewlett Packard Enterprise from $67.00 to $54.00 and set an “equal weight” rating on the stock in a report on Thursday, September 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Zacks Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a report on Friday, September 4th. Loop Capital upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and raised their target price for the company from $23.00 to $75.00 in a research note on Tuesday, June 2nd. Finally, Barclays lifted their target price on shares of Hewlett Packard Enterprise from $67.00 to $79.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.18.

Hewlett Packard Enterprise Price Performance

The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 0.65. The stock’s 50-day moving average price is $52.54 and its 200 day moving average price is $40.31. The firm has a market cap of $80.63 billion, a price-to-earnings ratio of 31.64, a price-to-earnings-growth ratio of 0.54 and a beta of 1.43.

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

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, September 17th will be given a dividend of $0.1425 per share. The ex-dividend date is Thursday, September 17th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.9%. Hewlett Packard Enterprise’s payout ratio is currently 29.69%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 18,785 shares of the business’s 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 document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary Reiner sold 17,000 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $56.91, for a total transaction of $967,470.00. Following the completion of the transaction, the director owned 65,072 shares of the company’s stock, valued at approximately $3,703,247.52. This represents a 20.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 285,785 shares of company stock worth $16,988,542. 0.44% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HPE. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Hewlett Packard Enterprise during the second quarter valued at approximately $1,027,139,000. Capital World Investors acquired a new stake in Hewlett Packard Enterprise in the 4th quarter valued at $901,751,000. Geode Capital Management LLC boosted its stake in Hewlett Packard Enterprise by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 34,869,143 shares of the technology company’s stock valued at $835,626,000 after buying an additional 431,728 shares in the last quarter. Primecap Management Co. CA bought a new stake in Hewlett Packard Enterprise in the second quarter valued at $773,225,000. Finally, Elliott Investment Management L.P. grew its position in Hewlett Packard Enterprise by 47.2% in the first quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock valued at $652,912,000 after acquiring an additional 8,790,757 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company (NYSE:HPE) is a global technology company that provides information technology products, services and solutions for businesses and other organizations. Its offerings are designed to support data centers, cloud computing, artificial intelligence, networking and the management of distributed IT environments.

HPE’s portfolio includes enterprise servers, data storage systems, networking equipment, high-performance computing and software. Through its HPE GreenLake platform, the company also delivers cloud and as-a-service solutions that allow customers to access computing, storage, data protection and other IT capabilities through a flexible consumption model.