Hewlett Packard Enterprise Company (NYSE:HPE) Receives $25.41 Average PT from Analysts

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) have earned a consensus recommendation of “Hold” from the twenty-two research firms that are currently covering the firm, Marketbeat Ratings reports. Thirteen equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $25.4118.

A number of equities analysts recently issued reports on HPE shares. Wolfe Research started coverage on Hewlett Packard Enterprise in a report on Tuesday, July 8th. They issued a “peer perform” rating for the company. Raymond James Financial increased their price objective on Hewlett Packard Enterprise from $29.00 to $30.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 4th. Zacks Research lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research note on Sunday, July 13th.

Hewlett Packard Enterprise Stock Up 0.4%

NYSE:HPE opened at $24.51 on Friday. The firm has a market capitalization of $32.34 billion, a PE ratio of 29.89, a price-to-earnings-growth ratio of 1.81 and a beta of 1.43. The stock has a 50 day moving average of $24.11 and a 200-day moving average of $20.75. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $26.44. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Wednesday, September 3rd. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.09). Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.The business had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $8.77 billion. During the same period last year, the company earned $0.50 earnings per share. The business’s quarterly revenue was up 19.8% compared to the same quarter last year. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. Analysts predict that Hewlett Packard Enterprise will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 18th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, September 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 63.41%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Maeve C. Culloty sold 3,738 shares of the stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total transaction of $93,898.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary M. Reiner sold 40,000 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $24.58, for a total value of $983,200.00. Following the transaction, the director directly owned 83,869 shares of the company’s stock, valued at approximately $2,061,500.02. The trade was a 32.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 543,738 shares of company stock valued at $12,922,932. 0.36% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Shell Asset Management Co. increased its position in Hewlett Packard Enterprise by 42.4% during the second quarter. Shell Asset Management Co. now owns 116,797 shares of the technology company’s stock worth $2,388,000 after buying an additional 34,801 shares during the last quarter. Strs Ohio acquired a new position in Hewlett Packard Enterprise during the first quarter worth $15,663,000. Y Intercept Hong Kong Ltd acquired a new position in Hewlett Packard Enterprise during the second quarter worth $2,522,000. Mirae Asset Global Investments Co. Ltd. increased its position in Hewlett Packard Enterprise by 22.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,320 shares of the technology company’s stock worth $2,421,000 after buying an additional 28,123 shares during the last quarter. Finally, Signal Advisors Wealth LLC acquired a new position in Hewlett Packard Enterprise during the second quarter worth $300,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.