Hewlett Packard Enterprise (NYSE:HPE) SVP Kirt Karros Sells 18,785 Shares

Hewlett Packard Enterprise Company (NYSE:HPE) SVP Kirt Karros sold 18,785 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $48.50, for a total value of $911,072.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hewlett Packard Enterprise Stock Up 1.2%

HPE stock opened at $48.99 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.72. The firm has a 50 day simple moving average of $37.32 and a 200-day simple moving average of $27.93. The company has a market capitalization of $64.87 billion, a P/E ratio of 45.79, a PEG ratio of 0.52 and a beta of 1.42. Hewlett Packard Enterprise Company has a twelve month low of $17.94 and a twelve month high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.25. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The firm had revenue of $10.68 billion for the quarter, compared to analysts’ expectations of $9.78 billion. During the same period in the prior year, the company posted ($0.82) earnings per share. The firm’s quarterly revenue 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. On average, equities research analysts predict that Hewlett Packard Enterprise Company will post 2.88 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Barclays boosted their price objective on Hewlett Packard Enterprise from $28.00 to $67.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. Susquehanna lifted their target price on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. UBS Group raised their price objective on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. The Goldman Sachs Group lifted their price objective on shares of Hewlett Packard Enterprise from $32.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.65.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC bought a new stake in Hewlett Packard Enterprise during the 2nd quarter valued at $26,000. SJS Investment Consulting Inc. grew its stake in shares of Hewlett Packard Enterprise by 159.5% in the first quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock worth $28,000 after purchasing an additional 716 shares in the last quarter. Union Savings Bank acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at $30,000. Reflection Asset Management acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at $31,000. Finally, Clearstead Trust LLC raised its stake in shares of Hewlett Packard Enterprise by 93.8% during the third quarter. Clearstead Trust LLC now owns 1,291 shares of the technology company’s stock valued at $32,000 after purchasing an additional 625 shares in the last quarter. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Company Profile

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.