Hewlett Packard Enterprise (NYSE:HPE) Shares Up 9.4% – What’s Next?

Hewlett Packard Enterprise Company (NYSE:HPE) shares were up 9.4% during trading on Thursday . The stock traded as high as $48.37 and last traded at $48.86. 9,771,379 shares changed hands during trading, a decline of 55% from the average session volume of 21,658,986 shares. The stock had previously closed at $44.67.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on HPE shares. Zacks Research upgraded Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 10th. Weiss Ratings raised Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 29th. Citigroup upped their target price on Hewlett Packard Enterprise from $39.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Barclays increased their target price on Hewlett Packard Enterprise from $28.00 to $67.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Finally, Bank of America boosted their price target on Hewlett Packard Enterprise from $38.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and an average price target of $64.65.

Hewlett Packard Enterprise Trading Up 10.0%

The firm’s 50-day simple moving average is $41.11 and its 200 day simple moving average is $29.49. 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 firm has a market capitalization of $65.07 billion, a price-to-earnings ratio of 45.87, a P/E/G ratio of 0.47 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, beating 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 firm had revenue of $10.68 billion for the quarter, compared to the consensus estimate of $9.78 billion. During the same quarter last year, the business posted ($0.82) EPS. The company’s revenue was up 40.0% compared to the same quarter last year. 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 expect that Hewlett Packard Enterprise Company will post 2.88 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th will be given a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, June 16th. Hewlett Packard Enterprise’s payout ratio is currently 53.27%.

Insider Activity

In other news, EVP Fidelma Russo sold 17,001 shares of the stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $27.97, for a total value of $475,517.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Marie Myers sold 93,583 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $30.01, for a total transaction of $2,808,425.83. Following the completion of the sale, the chief financial officer owned 204,754 shares in the company, valued at approximately $6,144,667.54. The trade was a 31.37% 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. In the last 90 days, insiders have sold 310,102 shares of company stock valued at $9,013,662. Corporate insiders own 0.44% of the company’s stock.

Institutional Trading of Hewlett Packard Enterprise

Hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC grew its holdings in shares of Hewlett Packard Enterprise by 317.3% during the first quarter. Empowered Funds LLC now owns 149,810 shares of the technology company’s stock worth $2,312,000 after purchasing an additional 113,906 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Hewlett Packard Enterprise by 44.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,456 shares of the technology company’s stock worth $69,000 after acquiring an additional 1,377 shares during the last quarter. Brown Advisory Inc. increased its position in Hewlett Packard Enterprise by 4.4% in the 2nd quarter. Brown Advisory Inc. now owns 23,593 shares of the technology company’s stock valued at $482,000 after acquiring an additional 996 shares during the period. Jump Financial LLC raised its stake in shares of Hewlett Packard Enterprise by 25.8% during the second quarter. Jump Financial LLC now owns 15,662 shares of the technology company’s stock valued at $320,000 after acquiring an additional 3,215 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new position in shares of Hewlett Packard Enterprise during the second quarter worth $207,000. Institutional investors own 80.78% of the company’s stock.

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.