Analysts Set Hewlett Packard Enterprise Company (NYSE:HPE) PT at $64.65

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) have been assigned a consensus recommendation of “Moderate Buy” from the nineteen ratings firms that are presently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $64.6471.

Several equities research analysts have issued reports on HPE shares. Weiss Ratings upgraded shares of Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 29th. UBS Group lifted their target price on shares of Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. Zacks Research upgraded Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 10th. Barclays increased their price target on Hewlett Packard Enterprise from $28.00 to $67.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. Finally, Morgan Stanley boosted their price objective on Hewlett Packard Enterprise from $33.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 2nd.

Insider Activity

In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 24,251 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $27.01, for a total value of $655,019.51. Following the completion of the transaction, the executive vice president owned 32,243 shares in the company, valued at $870,883.43. This represents a 42.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Fidelma Russo sold 17,001 shares of the stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $27.97, for a total transaction of $475,517.97. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 310,102 shares of company stock worth $9,013,662 in the last ninety days. 0.44% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital World Investors purchased a new position in Hewlett Packard Enterprise in the 4th quarter valued at about $901,751,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth about $433,537,000. Jericho Capital Asset Management L.P. acquired a new position in shares of Hewlett Packard Enterprise in the third quarter worth about $416,900,000. Elliott Investment Management L.P. boosted its holdings in Hewlett Packard Enterprise by 47.2% in the first quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock valued at $652,912,000 after purchasing an additional 8,790,757 shares during the last quarter. Finally, Norges Bank purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $185,969,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $47.40 on Thursday. The company has a market cap of $62.77 billion, a price-to-earnings ratio of 44.30, a price-to-earnings-growth ratio of 0.54 and a beta of 1.42. Hewlett Packard Enterprise has a 12 month low of $19.64 and a 12 month high of $64.25. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75. The stock’s 50-day moving average is $43.03 and its 200-day moving average is $30.33.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.25. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The business had revenue of $10.68 billion during the quarter, compared to analysts’ expectations of $9.78 billion. During the same quarter in the previous year, the business earned ($0.82) EPS. The company’s revenue for the quarter was up 40.0% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2026 guidance at 3.350-3.450 EPS and its Q3 2026 guidance at 0.880-0.930 EPS. Equities analysts anticipate that Hewlett Packard Enterprise will post 2.88 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th were issued a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, June 16th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 53.27%.

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.