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

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HPE. Zacks Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 4th. Deutsche Bank Aktiengesellschaft started coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, September 1st. They issued a “buy” rating and a $62.00 target price for the company. Barclays cut Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $83.00 to $77.00 in a research note on Wednesday, October 14th. Weiss Ratings upgraded Hewlett Packard Enterprise from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, September 4th. Finally, Loop Capital dropped their price target on Hewlett Packard Enterprise from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Tuesday, September 8th. Two 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. According to data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and an average price target of $65.44.

Hewlett Packard Enterprise Stock Performance

The stock has a market cap of $63.17 billion, a PE ratio of 24.78, a P/E/G ratio of 0.29 and a beta of 1.46. The company has a fifty day moving average price of $59.20 and a 200 day moving average price of $41.39. 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 issued its earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.18. Hewlett Packard Enterprise had a return on equity of 15.50% and a net margin of 6.60%. The company had revenue of $12.21 billion during the quarter, compared to analysts’ expectations of $11.97 billion. During the same period in the prior year, the business posted $0.44 EPS. Hewlett Packard Enterprise’s quarterly revenue was up 33.7% compared to the same quarter last year. 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. Analysts expect that Hewlett Packard Enterprise Company will post 3.35 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

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

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Rami Rahim sold 34,443 shares of the business’s stock in a transaction dated Wednesday, October 21st. The shares were sold at an average price of $58.04, for a total value of $1,999,071.72. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $56.91, for a total transaction of $967,470.00. Following the transaction, the director directly owned 65,072 shares of the company’s stock, valued at approximately $3,703,247.52. This trade represents a 20.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 585,899 shares of company stock worth $37,270,329 in the last three months. 0.44% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Delos Wealth Advisors LLC bought a new position in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $27,000. First Bancorp Inc ME bought a new stake in Hewlett Packard Enterprise in the second quarter valued at $30,000. Triumph Capital Management increased its position in Hewlett Packard Enterprise by 208.6% during the 3rd quarter. Triumph Capital Management now owns 466 shares of the technology company’s stock valued at $30,000 after purchasing an additional 315 shares during the period. Ramsey Quantitative Systems purchased a new position in Hewlett Packard Enterprise during the 3rd quarter valued at $31,000. Finally, Three Bridge Wealth Advisors LLC bought a new position in Hewlett Packard Enterprise in the 3rd quarter worth $32,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

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.