Hewlett Packard Enterprise (NYSE:HPE) Shares Down 2% – Should You Sell?

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) fell 2% on Tuesday. The company traded as low as $60.68 and last traded at $61.3530. Approximately 12,309,621 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 21,285,527 shares. The stock had previously closed at $62.63.

Wall Street Analyst Weigh In

Several research analysts recently commented on HPE shares. Evercore downgraded shares of Hewlett Packard Enterprise from an “outperform” rating to an “in-line” rating and set a $65.00 price target on the stock. in a research note on Monday, September 14th. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 30th. Susquehanna raised their target price on shares of Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. Weiss Ratings raised shares of Hewlett Packard Enterprise from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, September 4th. Finally, UBS Group dropped their price objective on Hewlett Packard Enterprise from $65.00 to $59.00 and set a “neutral” rating on the stock in a research note on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of “Moderate Buy” and an average price target of $69.18.

Hewlett Packard Enterprise Stock Down 2.0%

The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 0.65. The firm has a market cap of $81.44 billion, a PE ratio of 31.95, a P/E/G ratio of 0.56 and a beta of 1.43. The business’s 50-day simple moving average is $54.43 and its 200 day simple moving average is $42.17.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.18. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The firm had revenue of $12.21 billion during the quarter, compared to analysts’ expectations of $11.97 billion. During the same quarter in the prior year, the company earned $0.44 EPS. The company’s revenue was up 33.7% compared to the same quarter last year. 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, equities research analysts expect that Hewlett Packard Enterprise Company will post 3.34 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

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

Insider Transactions at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 250,000 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $60.44, for a total value of $15,110,000.00. Following the sale, the chief executive officer directly owned 1,432,393 shares in the company, valued at approximately $86,573,832.92. This trade represents 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 Reiner sold 17,000 shares of the business’s 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 transaction, the director owned 65,072 shares of the company’s stock, valued at approximately $3,703,247.52. This trade represents a 20.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.44% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

A number of large investors have recently made changes to their positions in the business. QRG Capital Management Inc. grew its stake in Hewlett Packard Enterprise by 148.1% during the 2nd quarter. QRG Capital Management Inc. now owns 446,503 shares of the technology company’s stock worth $20,142,000 after buying an additional 266,499 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in Hewlett Packard Enterprise in the second quarter worth about $1,076,000. Andra AP fonden acquired a new stake in Hewlett Packard Enterprise in the second quarter worth about $10,759,000. Tidal Investments LLC grew its stake in shares of Hewlett Packard Enterprise by 552.7% during the second quarter. Tidal Investments LLC now owns 800,103 shares of the technology company’s stock worth $36,093,000 after acquiring an additional 677,528 shares during the last quarter. Finally, BlueCrest Capital Management Ltd increased its holdings in shares of Hewlett Packard Enterprise by 105.8% during the second quarter. BlueCrest Capital Management Ltd now owns 201,015 shares of the technology company’s stock valued at $9,068,000 after acquiring an additional 103,323 shares in the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company (NYSE:HPE) is a global technology company that provides information technology products, services and solutions for businesses, governments and other organizations. Its offerings are designed to help customers build, manage and secure data center, cloud and edge-computing environments.

HPE’s portfolio includes enterprise servers, high-performance computing systems, data storage, networking equipment, software and technology consulting services. The company also provides hybrid cloud and as-a-service solutions through HPE GreenLake, allowing customers to access and manage computing, storage, data protection and other IT capabilities through a flexible consumption model.