Hewlett Packard Enterprise (NYSE:HPE) Shares Down 6% – Should You Sell?

Hewlett Packard Enterprise Company (NYSE:HPE) shares dropped 6% during trading on Monday . The company traded as low as $21.25 and last traded at $21.4630. Approximately 10,022,091 shares were traded during trading, a decline of 54% from the average daily volume of 22,007,402 shares. The stock had previously closed at $22.83.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HPE. Piper Sandler initiated coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 22nd. They set a “neutral” rating and a $24.00 price target for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 8th. Evercore ISI boosted their target price on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Susquehanna raised their price target on shares of Hewlett Packard Enterprise from $16.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, September 4th. Finally, Sanford C. Bernstein initiated coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, September 16th. They set a “market perform” rating and a $24.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $25.24.

Hewlett Packard Enterprise Price Performance

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 price is $24.19 and its two-hundred day moving average price is $21.23. The stock has a market cap of $27.81 billion, a PE ratio of 25.70, a PEG ratio of 1.28 and a beta of 1.43.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.35 EPS for the quarter, missing the consensus estimate 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%.The company’s revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the firm 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. On average, equities analysts expect that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company 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. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.5%. Hewlett Packard Enterprise’s dividend payout ratio is presently 63.41%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $24.58, for a total value of $983,200.00. Following the completion of the sale, the director owned 83,869 shares of the company’s stock, valued at approximately $2,061,500.02. This trade represents a 32.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maeve C. Culloty sold 3,738 shares of Hewlett Packard Enterprise stock in a transaction that occurred on 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 is available in the SEC filing. Insiders sold a total of 543,738 shares of company stock worth $12,922,932 over the last three months. Corporate insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several hedge funds have recently made changes to their positions in HPE. Shell Asset Management Co. lifted its position in Hewlett Packard Enterprise by 42.4% during the second quarter. Shell Asset Management Co. now owns 116,797 shares of the technology company’s stock valued at $2,388,000 after purchasing an additional 34,801 shares during the period. Strs Ohio acquired a new stake in Hewlett Packard Enterprise during the 1st quarter worth about $15,663,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Hewlett Packard Enterprise during the 2nd quarter valued at about $2,522,000. Forum Financial Management LP lifted its holdings in shares of Hewlett Packard Enterprise by 48.3% in the 2nd quarter. Forum Financial Management LP now owns 33,357 shares of the technology company’s stock valued at $682,000 after buying an additional 10,864 shares during the period. Finally, Signal Advisors Wealth LLC acquired a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at about $300,000. 80.78% of the stock is owned by institutional investors and hedge funds.

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.