Hewlett Packard Enterprise (NYSE:HPE) Shares Climb 1.9% – Time to Buy?

Hewlett Packard Enterprise Company (NYSE:HPE) shares traded up 1.9% on Thursday. The stock traded as high as $65.48 and last traded at $63.4860. Approximately 21,352,172 shares were traded during mid-day trading, a decline of 0% from the average daily volume of 21,402,209 shares. The stock had previously closed at $62.33.

Hewlett Packard Enterprise News Roundup

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

• Positive Sentiment: HPE reported approximately 34% year-over-year revenue growth, reinforcing the view that demand for its servers, networking equipment, and AI infrastructure remains strong. Hewlett Packard Enterprise stock reports 34% revenue growth
• Positive Sentiment: Analyst upgrades and supportive technical signals have helped HPE climb ahead of the open and reach a fresh 52-week high, suggesting continued investor momentum. HPE stock climbs ahead of the open
• Positive Sentiment: Research commentary continues to characterize HPE as an attractive value stock, while broader demand for integrated solutions and multi-cloud adoption supports the computer-systems industry. Why HPE is a strong value stock
• Positive Sentiment: HPE’s work bringing quantum computing into on-premises high-performance computing expands its technology offering and could create longer-term opportunities in advanced computing. HPE brings quantum computing into on-premises HPC
• Neutral Sentiment: HPE’s Aruba networking platform was highlighted in a hotel technology refit, illustrating practical AI and networking applications but offering limited immediate financial impact. HPE hotel refit with Aruba
• Negative Sentiment: A comparison with Dell Technologies was less favorable for HPE: Dell’s record AI orders, approximately $95 billion backlog, and higher server-revenue outlook provide investors with greater near-term demand visibility. HPE versus Dell AI infrastructure comparison
• Negative Sentiment: Super Micro’s rapid shipment of NVIDIA’s next-generation liquid-cooled AI systems highlights intense competition in advanced data-center infrastructure, potentially challenging HPE’s ability to capture incremental AI-server orders.

Analyst Ratings Changes

HPE has been the topic of several research analyst reports. Truist Financial raised their price objective on Hewlett Packard Enterprise from $69.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Barclays boosted their price objective on Hewlett Packard Enterprise from $67.00 to $79.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Argus restated a “buy” rating and set a $70.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday, September 4th. Weiss Ratings upgraded shares of Hewlett Packard Enterprise from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, September 4th. Finally, Morgan Stanley dropped their price target on shares of Hewlett Packard Enterprise from $69.00 to $67.00 and set an “overweight” rating on the stock in a research note on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.18.

Hewlett Packard Enterprise Price Performance

The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 0.65. The business has a 50-day simple moving average of $53.36 and a two-hundred day simple moving average of $41.29. The stock has a market capitalization of $84.28 billion, a price-to-earnings ratio of 33.07, a P/E/G ratio of 0.54 and a beta of 1.43.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.18. Hewlett Packard Enterprise had a return on equity of 15.50% and a net margin of 6.60%.The business had revenue of $12.21 billion during the quarter, compared to analyst estimates of $11.97 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The company’s revenue was up 33.7% on a year-over-year basis. Hewlett Packard Enterprise has set its Q4 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 3.750-3.850 EPS. As a group, research analysts predict that Hewlett Packard Enterprise Company will post 3.34 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, September 17th will be given a dividend of $0.1425 per share. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.9%. Hewlett Packard Enterprise’s payout ratio is 29.69%.

Insider Activity

In other Hewlett Packard Enterprise news, CEO Antonio Neri sold 250,000 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $60.44, for a total transaction of $15,110,000.00. Following the sale, the chief executive officer owned 1,432,393 shares in the company, valued at approximately $86,573,832.92. The trade was a 14.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary M. Reiner sold 17,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $56.91, for a total transaction of $967,470.00. Following the completion of the transaction, the director directly owned 65,072 shares in the company, valued at approximately $3,703,247.52. This trade represents a 20.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.44% of the stock is currently owned by insiders.

Institutional Trading of Hewlett Packard Enterprise

Hedge funds have recently made changes to their positions in the stock. Delos Wealth Advisors LLC purchased a new stake in Hewlett Packard Enterprise in the 2nd quarter worth approximately $27,000. SJS Investment Consulting Inc. grew its position in Hewlett Packard Enterprise by 159.5% in the first quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock worth $28,000 after acquiring an additional 716 shares in the last quarter. Union Savings Bank acquired a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at $30,000. First Bancorp Inc ME acquired a new position in Hewlett Packard Enterprise during the second quarter worth $30,000. Finally, Reflection Asset Management bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth about $31,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company (NYSE:HPE) is a global technology company that provides information technology products, services and solutions for businesses and other organizations. Its offerings are designed to support data centers, cloud computing, artificial intelligence, networking and the management of distributed IT environments.

HPE’s portfolio includes enterprise servers, data storage systems, networking equipment, high-performance computing and software. Through its HPE GreenLake platform, the company also delivers cloud and as-a-service solutions that allow customers to access computing, storage, data protection and other IT capabilities through a flexible consumption model.