Hewlett Packard Enterprise (NYSE:HPE) Sets New 1-Year High – Time to Buy?

Hewlett Packard Enterprise Company (NYSE:HPE)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $29.75 and last traded at $29.5360, with a volume of 1786317 shares. The stock had previously closed at $28.71.

Analyst Ratings Changes

A number of research firms have recently commented on HPE. Weiss Ratings restated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, March 25th. The Goldman Sachs Group began coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, January 13th. They set a “buy” rating and a $31.00 price objective for the company. Citigroup increased their price objective on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Morgan Stanley increased their price objective on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 10th. Finally, Raymond James Financial restated an “outperform” rating and set a $29.00 price objective (down from $30.00) on shares of Hewlett Packard Enterprise in a research note on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.71.

Hewlett Packard Enterprise Price Performance

The firm has a market capitalization of $39.89 billion, a price-to-earnings ratio of -157.98, a P/E/G ratio of 0.74 and a beta of 1.28. The company’s 50 day moving average is $23.88 and its 200-day moving average is $23.24. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.71.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Monday, March 9th. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.06. The firm had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.31 billion. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period last year, the business posted $0.49 earnings per share. 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 anticipate that Hewlett Packard Enterprise Company will post 1.96 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th were given a dividend of $0.1425 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.57 annualized dividend and a yield of 1.9%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is -300.00%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 24,251 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $27.01, for a total transaction of $655,019.51. Following the completion of the sale, the executive vice president directly owned 32,243 shares in the company, valued at $870,883.43. This trade represents a 42.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Antonio F. Neri sold 150,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $26.50, for a total transaction of $3,975,000.00. Following the sale, the chief executive officer owned 1,687,329 shares of the company’s stock, valued at $44,714,218.50. This trade represents a 8.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 602,337 shares of company stock worth $15,443,119 over the last three months. Insiders own 0.44% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HPE. Empowered Funds LLC increased its holdings in shares of Hewlett Packard Enterprise by 317.3% during the first quarter. Empowered Funds LLC now owns 149,810 shares of the technology company’s stock worth $2,312,000 after purchasing an additional 113,906 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Hewlett Packard Enterprise by 44.7% during the first quarter. Geneos Wealth Management Inc. now owns 4,456 shares of the technology company’s stock worth $69,000 after purchasing an additional 1,377 shares during the period. Brown Advisory Inc. increased its holdings in shares of Hewlett Packard Enterprise by 4.4% during the second quarter. Brown Advisory Inc. now owns 23,593 shares of the technology company’s stock worth $482,000 after purchasing an additional 996 shares during the period. Jump Financial LLC increased its stake in Hewlett Packard Enterprise by 25.8% in the second quarter. Jump Financial LLC now owns 15,662 shares of the technology company’s stock valued at $320,000 after acquiring an additional 3,215 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new position in Hewlett Packard Enterprise in the second quarter valued at approximately $207,000. 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.