Hewlett Packard Enterprise Company (NYSE:HPE) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) have been given an average recommendation of “Moderate Buy” by the twenty-one analysts that are currently covering the firm, MarketBeat.com reports. Eleven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $27.8824.

A number of equities analysts have weighed in on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, March 25th. Citigroup upped their price objective on shares of Hewlett Packard Enterprise from $27.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Truist Financial assumed coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, March 31st. They issued a “buy” rating and a $31.00 price objective for the company. Raymond James Financial reissued an “outperform” rating and issued a $29.00 price objective (down from $30.00) on shares of Hewlett Packard Enterprise in a research report on Monday, April 13th. Finally, Morgan Stanley upped their price objective on shares of Hewlett Packard Enterprise from $25.00 to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, May 21st.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 112,652 shares of the company’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $25.09, for a total value of $2,826,438.68. Following the completion of the transaction, the executive vice president directly owned 56,494 shares of the company’s stock, valued at $1,417,434.46. This represents a 66.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bethany Mayer sold 6,482 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $29.10, for a total transaction of $188,626.20. Following the completion of the transaction, the director directly owned 8,018 shares of the company’s stock, valued at approximately $233,323.80. The trade was a 44.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 702,402 shares of company stock worth $18,440,171 over the last quarter. Company insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Large investors have recently modified their holdings of the stock. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Hewlett Packard Enterprise by 176.7% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company’s stock worth $26,000 after purchasing an additional 666 shares during the last quarter. SJS Investment Consulting Inc. lifted its position in shares of Hewlett Packard Enterprise by 159.5% during the first quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock worth $28,000 after purchasing an additional 716 shares during the last quarter. Chilton Capital Management LLC bought a new position in shares of Hewlett Packard Enterprise during the third quarter worth about $30,000. Headlands Technologies LLC bought a new position in shares of Hewlett Packard Enterprise during the second quarter worth about $26,000. Finally, Union Savings Bank bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $30,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Up 1.3%

Shares of NYSE HPE opened at $38.06 on Wednesday. Hewlett Packard Enterprise has a 12-month low of $17.02 and a 12-month high of $38.58. The company has a market cap of $50.50 billion, a P/E ratio of -200.32, a P/E/G ratio of 0.96 and a beta of 1.28. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.71. The stock has a fifty day moving average price of $27.65 and a 200 day moving average price of $24.29.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Monday, March 9th. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. Hewlett Packard Enterprise had a positive return on equity of 9.93% and a negative net margin of 0.41%.The firm had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.31 billion. During the same period in the prior year, the firm earned $0.49 EPS. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.300-2.500 EPS and its Q2 2026 guidance at 0.510-0.550 EPS. Research analysts anticipate that Hewlett Packard Enterprise will post 1.97 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th were given a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, March 24th. Hewlett Packard Enterprise’s dividend payout ratio is presently -300.00%.

About Hewlett Packard Enterprise

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.