Hewlett Packard Enterprise Company (NYSE:HPE) Given Average Recommendation of “Hold” by Brokerages

Hewlett Packard Enterprise Company (NYSE:HPE) has been assigned an average rating of “Hold” from the twenty-two brokerages that are presently covering the firm, Marketbeat reports. Thirteen analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $25.4118.

HPE has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft raised their price objective on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $22.00 to $28.00 in a report on Thursday, August 21st. Citigroup raised their price objective on shares of Hewlett Packard Enterprise from $26.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 6th. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research report on Sunday, July 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 8th.

Hewlett Packard Enterprise Stock Up 0.2%

Shares of NYSE HPE opened at $23.45 on Friday. The company has a market cap of $30.94 billion, a price-to-earnings ratio of 28.60, a PEG ratio of 1.31 and a beta of 1.43. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. Hewlett Packard Enterprise has a 12 month low of $11.97 and a 12 month high of $26.44. The stock has a 50-day moving average price of $24.17 and a two-hundred day moving average price of $20.90.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share 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 analyst estimates of $8.77 billion. Hewlett Packard Enterprise had a net margin of 3.77% and a return on equity of 9.01%. The company’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.50 earnings per share. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. As a group, 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 announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 18th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend 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 currently 63.41%.

Insider Activity

In related news, Director Gary M. Reiner sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $24.58, for a total value of $983,200.00. Following the sale, the director directly owned 83,869 shares in the company, valued at $2,061,500.02. This represents a 32.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Antonio F. Neri sold 166,666 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $25.03, for a total transaction of $4,171,649.98. Following the transaction, the chief executive officer owned 1,585,726 shares of the company’s stock, valued at approximately $39,690,721.78. The trade was a 9.51% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 543,738 shares of company stock valued at $12,922,932. Company insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of HPE. Spire Wealth Management grew its holdings in Hewlett Packard Enterprise by 7.1% in the third 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. grew its stake in Hewlett Packard Enterprise by 11.1% in the second quarter. TD Waterhouse Canada Inc. now owns 4,902 shares of the technology company’s stock valued at $100,000 after acquiring an additional 489 shares during the period. Western Wealth Management LLC increased its holdings in shares of Hewlett Packard Enterprise by 3.3% during the third quarter. Western Wealth Management LLC now owns 15,253 shares of the technology company’s stock valued at $375,000 after acquiring an additional 489 shares in the last quarter. Trust Co. of Vermont raised its position in shares of Hewlett Packard Enterprise by 6.4% during the third 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. Finally, Metis Global Partners LLC grew its position in Hewlett Packard Enterprise by 0.8% in the 3rd quarter. Metis Global Partners LLC now owns 71,051 shares of the technology company’s stock valued at $1,745,000 after purchasing an additional 570 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

About Hewlett Packard Enterprise

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.