Morgan Stanley Cuts Hewlett Packard Enterprise (NYSE:HPE) Price Target to $23.00

Hewlett Packard Enterprise (NYSE:HPE) had its price target lowered by Morgan Stanley from $25.00 to $23.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has an equal weight rating on the technology company’s stock.

Several other equities analysts have also issued reports on the stock. Zacks Research raised shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. The Goldman Sachs Group assumed coverage on Hewlett Packard Enterprise in a report on Tuesday, January 13th. They issued a “buy” rating and a $31.00 price target for the company. Citigroup decreased their price objective on Hewlett Packard Enterprise from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday. Piper Sandler started coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, October 22nd. They issued a “neutral” rating and a $24.00 price target for the company. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research report on Friday, December 26th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $25.29.

Hewlett Packard Enterprise Trading Down 0.2%

NYSE HPE opened at $21.34 on Wednesday. The stock has a 50-day simple moving average of $22.80 and a 200 day simple moving average of $23.05. The company has a market capitalization of $28.36 billion, a PE ratio of -355.67, a P/E/G ratio of 0.59 and a beta of 1.33. The company has a current ratio of 1.01, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72. Hewlett Packard Enterprise has a 12 month low of $11.97 and a 12 month high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Thursday, December 4th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. The firm had revenue of $9.68 billion for the quarter, compared to analysts’ expectations of $9.91 billion. Hewlett Packard Enterprise had a return on equity of 9.15% and a net margin of 0.17%.The company’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.58 earnings per share. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.250-2.450 EPS and its Q1 2026 guidance at 0.570-0.610 EPS. Research analysts forecast that Hewlett Packard Enterprise will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, December 19th were given a $0.1425 dividend. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. This represents a $0.57 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, December 19th. Hewlett Packard Enterprise’s payout ratio is presently -950.00%.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, EVP John F. Schultz sold 148,501 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $24.99, for a total value of $3,711,039.99. Following the completion of the transaction, the executive vice president owned 248,091 shares of the company’s stock, valued at approximately $6,199,794.09. This trade represents a 37.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kirt P. Karros sold 36,460 shares of the stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $24.61, for a total transaction of $897,280.60. Following the transaction, the senior vice president owned 18,785 shares of the company’s stock, valued at approximately $462,298.85. This represents a 66.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 585,537 shares of company stock valued at $14,255,864 in the last three months. 0.44% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of institutional investors and hedge funds have recently made changes to their positions in HPE. Mcintyre Freedman & Flynn Investment Advisers Inc. increased its holdings in shares of Hewlett Packard Enterprise by 743.7% in the second quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 153,975 shares of the technology company’s stock valued at $3,149,000 after purchasing an additional 135,725 shares during the last quarter. Caxton Associates LLP raised its holdings in Hewlett Packard Enterprise by 106.8% in the 2nd quarter. Caxton Associates LLP now owns 179,024 shares of the technology company’s stock valued at $3,661,000 after acquiring an additional 92,438 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Hewlett Packard Enterprise during the second quarter worth approximately $2,522,000. Swiss National Bank lifted its position in Hewlett Packard Enterprise by 7.2% during the second quarter. Swiss National Bank now owns 3,976,300 shares of the technology company’s stock worth $81,315,000 after acquiring an additional 266,600 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC boosted its holdings in shares of Hewlett Packard Enterprise by 118.8% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 145,232 shares of the technology company’s stock worth $3,567,000 after acquiring an additional 78,859 shares during the period. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.

A major focus for HPE is hybrid cloud and consumption-based IT.