Hewlett Packard Enterprise (NYSE:HPE) Stock Price Down 4.4% – Should You Sell?

Hewlett Packard Enterprise Company (NYSE:HPE) fell 4.4% on Monday. The stock traded as low as $69.51 and last traded at $70.2590. Approximately 19,560,827 shares traded hands during trading, a decline of 8% from the average daily volume of 21,255,357 shares. The stock had previously closed at $73.46.

Analyst Ratings Changes

A number of analysts recently commented on the company. Piper Sandler upped their price objective on Hewlett Packard Enterprise from $57.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, October 1st. Weiss Ratings raised Hewlett Packard Enterprise from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, September 4th. Evercore boosted their price target on Hewlett Packard Enterprise from $65.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, October 1st. Barclays boosted their price target on Hewlett Packard Enterprise from $79.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, October 1st. Finally, Wells Fargo & Company upped their price target on shares of Hewlett Packard Enterprise from $54.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.78.

Hewlett Packard Enterprise Trading Down 4.4%

The stock has a 50-day moving average price of $58.25 and a two-hundred day moving average price of $45.12. The stock has a market capitalization of $93.27 billion, a PE ratio of 36.59, a PEG ratio of 0.65 and a beta of 1.39. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.72 and a current ratio of 1.11.

Hewlett Packard Enterprise (NYSE:HPE) last released its 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 company had revenue of $12.21 billion during the quarter, compared to analyst estimates of $11.97 billion. During the same period in the prior year, the firm posted $0.44 EPS. The firm’s quarterly revenue was up 33.7% compared to the same quarter last year. 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, equities analysts forecast that Hewlett Packard Enterprise Company will post 3.34 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, September 17th will be paid a $0.1425 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.8%. Hewlett Packard Enterprise’s dividend payout ratio is 29.69%.

Insider Transactions at Hewlett Packard Enterprise

In other news, 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 sale, the director directly owned 65,072 shares in the company, valued at $3,703,247.52. This trade represents a 20.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Rami Rahim sold 34,456 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $61.42, for a total transaction of $2,116,287.52. Following the transaction, the executive vice president owned 875,133 shares in the company, valued at approximately $53,750,668.86. This trade represents a 3.79% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 551,456 shares of company stock valued at $35,271,258 over the last three months. Corporate insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Large investors have recently made changes to their positions in the business. Irenic Capital Management LP bought a new stake in Hewlett Packard Enterprise during the 1st quarter valued at approximately $18,691,000. Assenagon Asset Management S.A. boosted its stake in Hewlett Packard Enterprise by 387.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,240,000 shares of the technology company’s stock worth $55,936,000 after purchasing an additional 985,829 shares during the period. Eastern Bank grew its holdings in Hewlett Packard Enterprise by 206.4% during the 3rd quarter. Eastern Bank now owns 28,994 shares of the technology company’s stock valued at $1,852,000 after buying an additional 19,532 shares in the last quarter. Sacks & Associates LLC bought a new stake in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $1,098,000. Finally, Farther Finance Advisors LLC raised its position in shares of Hewlett Packard Enterprise by 45.7% during the third quarter. Farther Finance Advisors LLC now owns 69,745 shares of the technology company’s stock valued at $4,456,000 after buying an additional 21,890 shares during the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company (NYSE:HPE) is a global technology company that provides information technology products, services and solutions for businesses, governments and other organizations. Its offerings are designed to help customers build, manage and secure data center, cloud and edge-computing environments.

HPE’s portfolio includes enterprise servers, high-performance computing systems, data storage, networking equipment, software and technology consulting services. The company also provides hybrid cloud and as-a-service solutions through HPE GreenLake, allowing customers to access and manage computing, storage, data protection and other IT capabilities through a flexible consumption model.