Hewlett Packard Enterprise (NYSE:HPE) Rating Increased to Overweight at Morgan Stanley

Hewlett Packard Enterprise (NYSE:HPE) was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a note issued to investors on Monday,Benzinga reports. The firm currently has a $69.00 price objective on the technology company’s stock, down from their prior price objective of $71.00. Morgan Stanley’s price objective would indicate a potential upside of 30.02% from the stock’s previous close.

Other analysts have also issued reports about the company. JPMorgan Chase & Co. boosted their target price on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Wells Fargo & Company lifted their price objective on Hewlett Packard Enterprise from $26.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 2nd. UBS Group boosted their price objective on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Sanford C. Bernstein upped their price objective on shares of Hewlett Packard Enterprise from $35.00 to $62.00 and gave the company a “market perform” rating in a report on Tuesday, June 2nd. Finally, The Goldman Sachs Group increased their target price on shares of Hewlett Packard Enterprise from $32.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and an average price target of $69.80.

Hewlett Packard Enterprise Trading Down 0.3%

Shares of HPE stock opened at $53.07 on Monday. The company has a 50 day moving average of $47.72 and a 200-day moving average of $33.36. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. Hewlett Packard Enterprise has a 12-month low of $19.84 and a 12-month high of $64.25. The firm has a market cap of $70.27 billion, a P/E ratio of 49.60, a PEG ratio of 0.58 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.25. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The company had revenue of $10.68 billion for the quarter, compared to analysts’ expectations of $9.78 billion. During the same quarter in the previous year, the firm posted ($0.82) EPS. Hewlett Packard Enterprise’s revenue was up 40.0% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2026 guidance at 3.350-3.450 EPS and its Q3 2026 guidance at 0.880-0.930 EPS. Sell-side analysts anticipate that Hewlett Packard Enterprise will post 2.88 earnings per share for the current year.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 18,785 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $48.50, for a total value of $911,072.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC bought a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter worth $26,000. SJS Investment Consulting Inc. raised its position in Hewlett Packard Enterprise by 159.5% during the first quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock valued at $28,000 after purchasing an additional 716 shares in the last quarter. Union Savings Bank bought a new stake in Hewlett Packard Enterprise during the fourth quarter worth about $30,000. Reflection Asset Management purchased a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth about $31,000. Finally, WealthCollab LLC increased its position in shares of Hewlett Packard Enterprise by 121.8% during the 4th quarter. WealthCollab LLC now owns 1,657 shares of the technology company’s stock valued at $40,000 after purchasing an additional 910 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

About Hewlett Packard Enterprise

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.