Hewlett Packard Enterprise (NYSE:HPE) Shares Up 6.3% – Time to Buy?

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) rose 6.3% during trading on Monday. The company traded as high as $48.80 and last traded at $47.5850. Approximately 13,149,314 shares were traded during trading, a decline of 37% from the average session volume of 20,960,793 shares. The stock had previously closed at $44.77.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Bank of America raised their price objective on shares of Hewlett Packard Enterprise from $80.00 to $82.00 and gave the company a “buy” rating in a report on Monday, August 31st. Citigroup upped their price target on shares of Hewlett Packard Enterprise from $76.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 1st. Wells Fargo & Company raised their price target on shares of Hewlett Packard Enterprise from $54.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, October 1st. Susquehanna reduced their price objective on shares of Hewlett Packard Enterprise from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, September 4th. Finally, Piper Sandler increased their price objective on Hewlett Packard Enterprise from $57.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $65.44.

Hewlett Packard Enterprise Stock Up 5.0%

The stock’s 50-day moving average price is $59.01 and its 200-day moving average price is $41.65. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 0.65. The stock has a market cap of $66.81 billion, a price-to-earnings ratio of 26.21, a P/E/G ratio of 0.31 and a beta of 1.46.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.18. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The business had revenue of $12.21 billion for the quarter, compared to analyst estimates of $11.97 billion. During the same quarter in the previous year, the business earned $0.44 earnings per share. Hewlett Packard Enterprise’s revenue for the quarter was up 33.7% on a year-over-year basis. Hewlett Packard Enterprise has set its Q4 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 3.750-3.850 EPS. On average, sell-side analysts expect that Hewlett Packard Enterprise Company will post 3.35 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, September 17th were issued a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, September 17th. Hewlett Packard Enterprise’s payout ratio is presently 29.69%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, EVP Rami Rahim sold 34,456 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $61.42, for a total value of $2,116,287.52. Following the completion of the sale, the executive vice president owned 875,133 shares in the company, valued at $53,750,668.86. The trade was a 3.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Antonio F. Neri sold 250,000 shares of the business’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $60.44, for a total transaction of $15,110,000.00. Following the transaction, the chief executive officer owned 1,432,393 shares in the company, valued at $86,573,832.92. The trade was a 14.86% decrease in their position. 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. Over the last three months, insiders have sold 585,899 shares of company stock valued at $37,270,329. 0.44% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HPE. Elliott Investment Management L.P. raised its position in shares of Hewlett Packard Enterprise by 47.2% during the first quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock worth $652,912,000 after purchasing an additional 8,790,757 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter valued at $1,027,139,000. Primecap Management Co. CA bought a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at $773,225,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Hewlett Packard Enterprise by 6.1% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,088,774 shares of the technology company’s stock worth $590,435,000 after acquiring an additional 756,972 shares during the period. Finally, Legal & General Group Plc purchased a new stake in Hewlett Packard Enterprise in the 2nd quarter worth approximately $512,721,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise (HPE) is a global information technology company that provides products and services for businesses, governments and other organizations. Its offerings span servers and computing systems, data storage, networking, hybrid cloud, artificial intelligence and edge computing. HPE sells systems such as HPE ProLiant servers and HPE Alletra storage, along with networking products through HPE Aruba Networking. Its HPE GreenLake platform provides cloud and IT services through a flexible, consumption-based model.