Hewlett Packard Enterprise Company (NYSE:HPE) Receives $25.06 Consensus Target Price from Brokerages

Hewlett Packard Enterprise Company (NYSE:HPE) has earned an average recommendation of “Hold” from the twenty-one analysts that are presently covering the stock, MarketBeat reports. Twelve investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $25.0625.

A number of analysts recently commented on the stock. Zacks Research downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. KeyCorp assumed coverage on shares of Hewlett Packard Enterprise in a report on Thursday, June 26th. They issued a “sector weight” rating on the stock. Barclays boosted their target price on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, July 3rd. Wells Fargo & Company boosted their target price on shares of Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, September 4th. Finally, Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $22.00 to $28.00 in a report on Thursday, August 21st.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Maeve C. Culloty sold 3,738 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total value of $93,898.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Gary M. Reiner sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $24.58, for a total transaction of $983,200.00. Following the completion of the transaction, the director owned 83,869 shares in the company, valued at approximately $2,061,500.02. This represents a 32.29% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 543,738 shares of company stock worth $12,922,932. 0.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 11.1% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 4,902 shares of the technology company’s stock worth $100,000 after purchasing an additional 489 shares in the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 3.5% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 17,846 shares of the technology company’s stock worth $365,000 after purchasing an additional 600 shares in the last quarter. Sunflower Bank N.A. lifted its holdings in shares of Hewlett Packard Enterprise by 4.2% in the 3rd quarter. Sunflower Bank N.A. now owns 14,872 shares of the technology company’s stock worth $365,000 after purchasing an additional 600 shares in the last quarter. Bartlett & CO. Wealth Management LLC lifted its holdings in shares of Hewlett Packard Enterprise by 4.3% in the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 14,738 shares of the technology company’s stock worth $364,000 after purchasing an additional 611 shares in the last quarter. Finally, Benson Investment Management Company Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 0.3% in the 2nd quarter. Benson Investment Management Company Inc. now owns 227,291 shares of the technology company’s stock worth $4,648,000 after purchasing an additional 650 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Up 1.5%

HPE stock opened at $24.78 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. The firm’s 50-day moving average is $23.32 and its two-hundred day moving average is $19.70. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $26.44. The company has a market capitalization of $32.69 billion, a price-to-earnings ratio of 30.21, a price-to-earnings-growth ratio of 2.55 and a beta of 1.45.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Wednesday, September 3rd. The technology company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.09). Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.The business had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $8.77 billion. During the same quarter in the previous year, the firm earned $0.50 earnings per share. The firm’s revenue for the quarter was up 19.8% compared to the same quarter last year. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. On average, analysts forecast that Hewlett Packard Enterprise will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, September 18th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.1%. Hewlett Packard Enterprise’s payout ratio is presently 63.41%.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.