Hewlett Packard Enterprise (NYSE:HPE) Shares Climb 5% – Time to Buy?

Hewlett Packard Enterprise Company (NYSE:HPE)’s share price was up 5% on Wednesday. The stock traded as high as $51.78 and last traded at $50.3310. 14,764,652 shares traded hands during trading, a decline of 29% from the average session volume of 20,900,043 shares. The stock had previously closed at $47.93.

Analysts Set New Price Targets

A number of equities research analysts have commented on HPE shares. Argus restated a “buy” rating and set a $70.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, September 4th. Bank of America boosted their target price on shares of Hewlett Packard Enterprise from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, August 31st. Morgan Stanley lifted their price objective on shares of Hewlett Packard Enterprise from $67.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday, October 1st. Raymond James Financial increased their price target on Hewlett Packard Enterprise from $74.00 to $86.00 and gave the stock an “outperform” rating in a report on Thursday, September 3rd. Finally, The Goldman Sachs Group boosted their price objective on shares of Hewlett Packard Enterprise from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, October 6th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $65.44.

Hewlett Packard Enterprise Stock Up 5.0%

The firm has a market capitalization of $66.81 billion, a P/E ratio of 26.21, a PEG ratio of 0.31 and a beta of 1.46. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.72 and a current ratio of 1.11. The business’s fifty day moving average price is $59.01 and its two-hundred day moving average price is $41.65.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the company earned $0.44 earnings per share. The business’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. Equities analysts expect that Hewlett Packard Enterprise Company will post 3.35 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

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

Insiders Place Their Bets

In other news, 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 sale, the chief executive officer directly owned 1,432,393 shares of the company’s stock, valued at $86,573,832.92. The trade was a 14.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary Reiner sold 17,000 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $56.91, for a total value of $967,470.00. Following the completion of the transaction, the director directly owned 65,072 shares in the company, valued at approximately $3,703,247.52. The trade was a 20.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 585,899 shares of company stock valued at $37,270,329. Insiders own 0.44% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of institutional investors and hedge funds have recently modified their holdings of HPE. Candriam S.C.A. grew its position in Hewlett Packard Enterprise by 12.5% during the 3rd quarter. Candriam S.C.A. now owns 211,476 shares of the technology company’s stock worth $13,561,000 after purchasing an additional 23,515 shares during the period. Irenic Capital Management LP acquired a new position in shares of Hewlett Packard Enterprise in the 1st quarter valued at about $18,691,000. Gunderson Capital Management LLC acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $15,409,000. Generate Investment Management Ltd purchased a new stake in shares of Hewlett Packard Enterprise in the third quarter worth about $19,340,000. Finally, Sanders Morris Harris LLC purchased a new stake in shares of Hewlett Packard Enterprise in the third quarter worth about $1,661,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

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.