Hewlett Packard Enterprise Company (NYSE:HPE) Receives $26.50 Average Price Target from Brokerages

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-one research firms that are covering the stock, MarketBeat.com reports. Eleven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $26.7647.

HPE has been the topic of a number of recent research reports. Truist Financial began coverage on Hewlett Packard Enterprise in a research note on Tuesday, March 31st. They set a “buy” rating and a $31.00 price objective on the stock. Argus increased their target price on Hewlett Packard Enterprise from $25.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Bank of America lifted their price target on Hewlett Packard Enterprise from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Morgan Stanley boosted their price objective on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 10th. Finally, The Goldman Sachs Group began coverage on 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.

Insiders Place Their Bets

In other news, CEO Antonio F. Neri sold 264,432 shares of the stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $25.18, for a total transaction of $6,658,397.76. Following the completion of the sale, the chief executive officer directly owned 1,837,329 shares in the company, valued at approximately $46,263,944.22. This represents a 12.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Neil B. Macdonald sold 112,652 shares of the firm’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $25.09, for a total value of $2,826,438.68. Following the completion of the sale, the executive vice president directly owned 56,494 shares in the company, valued at $1,417,434.46. The trade was a 66.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 411,085 shares of company stock valued at $10,337,582 in the last quarter. Insiders own 0.44% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. TFC Financial Management Inc. grew its position 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 worth $25,000 after buying an additional 970 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of 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 valued at $26,000 after acquiring an additional 666 shares in the last quarter. Chilton Capital Management LLC purchased a new stake in Hewlett Packard Enterprise in the third quarter worth $30,000. Headlands Technologies LLC bought a new stake in Hewlett Packard Enterprise in the second quarter valued at $26,000. Finally, Union Savings Bank bought a new stake in Hewlett Packard Enterprise in the fourth quarter valued at $30,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Down 0.0%

Shares of NYSE HPE opened at $24.61 on Tuesday. The stock has a market capitalization of $32.65 billion, a P/E ratio of -129.50, a PEG ratio of 0.63 and a beta of 1.20. Hewlett Packard Enterprise has a one year low of $11.97 and a one year high of $26.44. The firm’s 50 day simple moving average is $22.30 and its two-hundred day simple moving average is $23.02. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.03 and a quick ratio of 0.75.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Monday, March 9th. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. The company had revenue of $9.30 billion during the quarter, compared to analysts’ expectations of $9.31 billion. During the same quarter in the prior year, the company earned $0.49 EPS. The firm’s revenue 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. As a group, analysts expect that Hewlett Packard Enterprise will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th will be given a dividend of $0.1425 per share. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a $0.57 annualized dividend and a yield of 2.3%. Hewlett Packard Enterprise’s dividend payout ratio is presently -300.00%.

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.