Hewlett Packard Enterprise (NYSE:HPE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Hewlett Packard Enterprise (NYSE:HPEFree Report) from a hold rating to a buy rating in a report issued on Saturday morning.

A number of other equities research analysts have also weighed in on the company. Morgan Stanley upped their price objective on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Tuesday, March 10th. The Goldman Sachs Group initiated coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, January 13th. They issued a “buy” rating and a $31.00 target price for the company. Zacks Research raised shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Argus upped their price target on shares of Hewlett Packard Enterprise from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Finally, Citigroup raised their price target on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and an average price target of $26.50.

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Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $21.86 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.71. The firm has a market cap of $29.00 billion, a PE ratio of -115.04, a P/E/G ratio of 0.56 and a beta of 1.31. Hewlett Packard Enterprise has a 12 month low of $11.97 and a 12 month high of $26.44. The stock has a fifty day moving average price of $21.86 and a 200-day moving average price of $23.05.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last announced its earnings results on Monday, March 9th. The technology company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06. Hewlett Packard Enterprise had a positive return on equity of 9.93% and a negative net margin of 0.41%.The firm had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.31 billion. During the same period in the previous year, the business earned $0.49 EPS. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.300-2.500 EPS and its Q2 2026 guidance at 0.510-0.550 EPS. Equities research analysts predict that Hewlett Packard Enterprise will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Investors of record on Tuesday, March 24th will be given a $0.1425 dividend. The ex-dividend date is Tuesday, March 24th. This represents a $0.57 dividend on an annualized basis and a yield of 2.6%. Hewlett Packard Enterprise’s dividend payout ratio is currently -300.00%.

Insider Activity at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 26,457 shares of the company’s stock in a transaction on Monday, December 29th. The shares were sold at an average price of $24.49, for a total value of $647,931.93. Following the sale, the chief executive officer directly owned 2,101,761 shares of the company’s stock, valued at $51,472,126.89. This represents a 1.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kirt P. Karros sold 36,460 shares of the stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $24.61, for a total transaction of $897,280.60. Following the completion of the sale, the senior vice president owned 18,785 shares in the company, valued at $462,298.85. The trade was a 66.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.44% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. TFC Financial Management Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 2,694.4% in the 3rd quarter. TFC Financial Management Inc. now owns 1,006 shares of the technology company’s stock valued at $25,000 after buying an additional 970 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Hewlett Packard Enterprise by 176.7% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company’s stock worth $26,000 after acquiring an additional 666 shares during the period. Headlands Technologies LLC acquired a new stake in Hewlett Packard Enterprise during the second quarter worth about $26,000. Chilton Capital Management LLC purchased a new position in Hewlett Packard Enterprise during the third quarter valued at approximately $30,000. Finally, Union Savings Bank acquired a new position in Hewlett Packard Enterprise in the fourth quarter valued at approximately $30,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Key Hewlett Packard Enterprise News

Here are the key news stories impacting Hewlett Packard Enterprise this week:

About Hewlett Packard Enterprise

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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.

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