Hewlett Packard Enterprise (NYSE:HPE) Research Coverage Started at Piper Sandler

Piper Sandler started coverage on shares of Hewlett Packard Enterprise (NYSE:HPE) in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports. The firm issued a neutral rating and a $24.00 price objective on the technology company’s stock.

Several other research firms have also commented on HPE. Sanford C. Bernstein began coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, September 16th. They set a “market perform” rating and a $24.00 target price on the stock. Raymond James Financial increased their target price on shares of Hewlett Packard Enterprise from $29.00 to $30.00 and gave the company a “strong-buy” rating in a report on Thursday, September 4th. Zacks Research lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Wolfe Research began coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, July 8th. They set a “peer perform” rating on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of Hewlett Packard Enterprise in a report on Thursday, July 17th. They set an “overweight” rating and a $30.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and an average price target of $25.41.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $23.51 on Wednesday. Hewlett Packard Enterprise has a 1 year low of $11.97 and a 1 year high of $26.44. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69. The stock has a market capitalization of $31.01 billion, a PE ratio of 28.67, a P/E/G ratio of 1.72 and a beta of 1.45. The company’s 50 day simple moving average is $23.81 and its two-hundred day simple moving average is $20.20.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly 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). The company had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $8.77 billion. Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.Hewlett Packard Enterprise’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 EPS. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. Analysts predict that Hewlett Packard Enterprise will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 18th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, September 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 63.41%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Hewlett Packard Enterprise

Several institutional investors and hedge funds have recently modified their holdings of the stock. Spire Wealth Management lifted its position in shares of Hewlett Packard Enterprise by 7.1% in the 3rd quarter. Spire Wealth Management now owns 6,694 shares of the technology company’s stock worth $164,000 after purchasing an additional 445 shares during the period. TD Waterhouse Canada Inc. lifted its position 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 during the period. Trust Co. of Vermont lifted its position in shares of Hewlett Packard Enterprise by 6.4% in the 3rd quarter. Trust Co. of Vermont now owns 8,855 shares of the technology company’s stock worth $217,000 after purchasing an additional 533 shares during the period. Caldwell Trust Co lifted its position in shares of Hewlett Packard Enterprise by 64.4% in the 3rd quarter. Caldwell Trust Co now owns 1,526 shares of the technology company’s stock worth $37,000 after purchasing an additional 598 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its position 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 during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.

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.