Hewlett Packard Enterprise (NYSE:HPE) Shares Climb 1.3% – Time to Buy?

Hewlett Packard Enterprise Company (NYSE:HPE) rose 1.3% on Friday. The stock traded as high as $47.34 and last traded at $44.7340. 17,119,824 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 20,980,936 shares. The stock had previously closed at $44.16.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HPE. Daiwa Securities Group upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $65.00 to $75.00 in a report on Friday, October 2nd. Zacks Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 4th. Citigroup boosted their target price on shares of Hewlett Packard Enterprise from $76.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 1st. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 30th. Finally, Wells Fargo & Company raised their price target on shares of Hewlett Packard Enterprise from $54.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and a consensus target price of $65.44.

Hewlett Packard Enterprise Trading Up 1.3%

The stock has a 50-day moving average of $59.39 and a 200 day moving average of $41.27. The stock has a market cap of $59.38 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 0.32 and a beta of 1.46. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 0.65.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.18. The company had revenue of $12.21 billion during the quarter, compared to analyst estimates of $11.97 billion. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. Hewlett Packard Enterprise’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period last year, the firm posted $0.44 EPS. 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. As a group, sell-side analysts anticipate that Hewlett Packard Enterprise Company will post 3.34 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, September 17th were given a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 17th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 29.69%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 17,000 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $56.91, for a total value of $967,470.00. Following the completion of the transaction, the director owned 65,072 shares of the company’s stock, valued at $3,703,247.52. The trade was a 20.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Antonio Neri sold 250,000 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $60.44, for a total value of $15,110,000.00. Following the completion of the sale, 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. In the last quarter, insiders sold 585,899 shares of company stock worth $37,270,329. Insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several institutional investors have recently made changes to their positions in the company. Irenic Capital Management LP purchased a new stake in shares of Hewlett Packard Enterprise during the 1st quarter worth $18,691,000. Gunderson Capital Management LLC purchased a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $15,409,000. Generate Investment Management Ltd acquired a new stake in shares of Hewlett Packard Enterprise in the third quarter valued at about $19,340,000. Sanders Morris Harris LLC acquired a new stake in shares of Hewlett Packard Enterprise in the third quarter valued at about $1,661,000. Finally, Parkway Wealth Management Group LLC boosted its holdings in Hewlett Packard Enterprise by 36.7% during the third quarter. Parkway Wealth Management Group LLC now owns 110,121 shares of the technology company’s stock worth $7,036,000 after buying an additional 29,551 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

About Hewlett Packard Enterprise

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.