Hewlett Packard Enterprise (NYSE:HPE) Trading Down 6% – Time to Sell?

Hewlett Packard Enterprise Company (NYSE:HPE)’s share price was down 6% during mid-day trading on Monday . The stock traded as low as $21.25 and last traded at $21.4630. 10,022,091 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 22,007,402 shares. The stock had previously closed at $22.83.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Piper Sandler started coverage on Hewlett Packard Enterprise in a report on Wednesday, October 22nd. They set a “neutral” rating and a $24.00 price objective on the stock. Wells Fargo & Company raised their target price on shares of Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, September 4th. Zacks Research lowered shares of Hewlett Packard Enterprise from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. UBS Group upped their price target on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Hold” and a consensus price target of $25.24.

Hewlett Packard Enterprise Stock Up 0.7%

The stock’s fifty day moving average price is $24.09 and its 200-day moving average price is $21.29. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $27.77 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 1.18 and a beta of 1.43.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.09). Hewlett Packard Enterprise had a net margin of 3.77% and a return on equity of 9.01%. The business had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $8.77 billion. During the same period last year, the business posted $0.50 EPS. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. On average, sell-side analysts predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 18th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.5%. The ex-dividend date was Thursday, September 18th. Hewlett Packard Enterprise’s dividend payout ratio is presently 63.41%.

Insider Activity at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 166,666 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $22.52, for a total value of $3,753,318.32. Following the completion of the sale, the chief executive officer owned 1,919,060 shares of the company’s stock, valued at approximately $43,217,231.20. This represents a 7.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Maeve C. Culloty sold 3,738 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total transaction of $93,898.56. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 543,738 shares of company stock valued at $12,922,932. Insiders own 0.36% of the company’s stock.

Institutional Trading of Hewlett Packard Enterprise

A number of large investors have recently added to or reduced their stakes in HPE. Elliott Investment Management L.P. bought a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter valued at about $381,004,000. Jericho Capital Asset Management L.P. acquired a new position in Hewlett Packard Enterprise during the third quarter worth approximately $416,900,000. National Bank of Canada FI increased its position in Hewlett Packard Enterprise by 1,369.1% during the first quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company’s stock worth $251,192,000 after buying an additional 15,171,314 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Hewlett Packard Enterprise by 3,847.1% in the second quarter. Assenagon Asset Management S.A. now owns 8,831,262 shares of the technology company’s stock valued at $180,599,000 after buying an additional 8,607,523 shares during the period. Finally, Schroder Investment Management Group lifted its position in shares of Hewlett Packard Enterprise by 192.4% in the second quarter. Schroder Investment Management Group now owns 10,599,242 shares of the technology company’s stock valued at $216,754,000 after buying an additional 6,974,083 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.