Hewlett Packard Enterprise (NYSE:HPE) Stock Price Down 1.1% – Here’s Why

Hewlett Packard Enterprise Company (NYSE:HPE)’s share price was down 1.1% during trading on Tuesday . The stock traded as low as $60.45 and last traded at $61.05. 16,634,997 shares traded hands during trading, a decline of 22% from the average daily volume of 21,436,951 shares. The stock had previously closed at $61.75.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HPE. UBS Group decreased their price target on Hewlett Packard Enterprise from $65.00 to $59.00 and set a “neutral” rating for the company in a report on Thursday, September 3rd. Citigroup lifted their target price on shares of Hewlett Packard Enterprise from $74.00 to $76.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Argus reissued a “buy” rating and set a $70.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, September 4th. Wells Fargo & Company decreased their price objective on shares of Hewlett Packard Enterprise from $67.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday, September 3rd. Finally, Truist Financial upped their price objective on shares of Hewlett Packard Enterprise from $69.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.18.

Hewlett Packard Enterprise Price Performance

The stock’s 50-day simple moving average is $53.36 and its 200 day simple moving average is $41.29. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 0.65. The company has a market cap of $83.88 billion, a price-to-earnings ratio of 32.91, a PEG ratio of 0.54 and a beta of 1.43.

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

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, September 17th will be issued a $0.1425 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.57 annualized dividend and a yield of 0.9%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 29.69%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, CEO Antonio Neri sold 250,000 shares of the business’s stock in a transaction that occurred 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 completion of 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. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary M. Reiner sold 17,000 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $56.91, for a total transaction of $967,470.00. Following the completion of the sale, the director owned 65,072 shares in the company, valued at $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. 0.44% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Baird Financial Group Inc. lifted its holdings in Hewlett Packard Enterprise by 1.4% during the second quarter. Baird Financial Group Inc. now owns 15,727 shares of the technology company’s stock worth $709,000 after acquiring an additional 212 shares in the last quarter. Sax Wealth Advisors LLC increased its holdings in Hewlett Packard Enterprise by 2.9% during the 2nd quarter. Sax Wealth Advisors LLC now owns 8,782 shares of the technology company’s stock worth $396,000 after purchasing an additional 244 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Hewlett Packard Enterprise by 5.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 7,180 shares of the technology company’s stock valued at $324,000 after purchasing an additional 355 shares in the last quarter. Investment Research Partners LLC boosted its position in shares of Hewlett Packard Enterprise by 2.0% during the fourth quarter. Investment Research Partners LLC now owns 21,925 shares of the technology company’s stock worth $527,000 after buying an additional 423 shares during the period. Finally, D.A. Davidson & CO. grew its holdings in shares of Hewlett Packard Enterprise by 4.5% during the first quarter. D.A. Davidson & CO. now owns 9,998 shares of the technology company’s stock worth $238,000 after buying an additional 429 shares in the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company (NYSE:HPE) is a global technology company that provides information technology products, services and solutions for businesses and other organizations. Its offerings are designed to support data centers, cloud computing, artificial intelligence, networking and the management of distributed IT environments.

HPE’s portfolio includes enterprise servers, data storage systems, networking equipment, high-performance computing and software. Through its HPE GreenLake platform, the company also delivers cloud and as-a-service solutions that allow customers to access computing, storage, data protection and other IT capabilities through a flexible consumption model.