Hewlett Packard Enterprise (NYSE:HPE) Shares Climb 4.2% – Time to Buy?

Hewlett Packard Enterprise Company (NYSE:HPE)’s share price was up 4.2% on Tuesday. The stock traded as high as $54.59 and last traded at $53.3590. 13,445,959 shares traded hands during trading, a decline of 36% from the average daily volume of 20,960,129 shares. The stock had previously closed at $51.19.

Trending Headlines about Hewlett Packard Enterprise

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

• Positive Sentiment: HPE was added to Zacks’ #1 (Strong Buy) lists for momentum, value, income and overall stock picks. These screens may attract investor interest, though they are ranking signals rather than new analyst upgrades. Zacks Strong Buy list
• Positive Sentiment: A Zacks preview says HPE’s earnings surprise record and current estimate-related factors could set up another quarterly beat. This is an expectation ahead of results, not a reported beat. Zacks earnings preview
• Positive Sentiment: Recent Seeking Alpha commentary presents networking as an increasingly important part of HPE’s earnings and AI growth story. HPE also released an Ericsson 5G Core model for telecom evolution, adding to its networking offerings; the articles do not quantify the financial impact. Networking earnings commentary Ericsson 5G Core news
• Neutral Sentiment: HPE scheduled its fiscal fourth-quarter earnings webcast for November 23. The announcement sets a date for results but provides no new financial information. Earnings webcast announcement
• Negative Sentiment: A November 2 report cited a broader AI-server stock selloff that also weighed on HPE and Dell. This sector-driven pressure could temper the positive company-specific themes. AI-server sector selloff

Analysts Set New Price Targets

Several research firms have recently issued reports on HPE. JPMorgan Chase & Co. lifted their target price on shares of Hewlett Packard Enterprise from $68.00 to $70.00 in a report on Tuesday, August 25th. Piper Sandler increased their price target on Hewlett Packard Enterprise from $57.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, October 1st. Daiwa Securities Group upgraded Hewlett Packard Enterprise from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $65.00 to $75.00 in a research note on Friday, October 2nd. Loop Capital cut their target price on Hewlett Packard Enterprise from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Tuesday, September 8th. Finally, Truist Financial restated a “buy” rating and issued a $75.00 price target (up from $70.00) on shares of Hewlett Packard Enterprise in a research report on Thursday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.44.

Hewlett Packard Enterprise Stock Performance

The business’s 50-day moving average price is $59.66 and its 200-day moving average price is $40.86. The stock has a market cap of $70.83 billion, a PE ratio of 27.79, a P/E/G ratio of 0.54 and a beta of 1.39. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 0.65.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Wednesday, September 2nd. The technology company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.18. The company had revenue of $12.21 billion during the quarter, compared to analysts’ expectations of $11.97 billion. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. Hewlett Packard Enterprise’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same period last year, the business earned $0.44 EPS. 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 fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, September 17th were paid a dividend of $0.1425 per share. The ex-dividend date was Thursday, September 17th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.1%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 29.69%.

Insider Activity at Hewlett Packard Enterprise

In related news, Director Gary Reiner sold 17,000 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $56.91, for a total transaction of $967,470.00. Following the completion of the transaction, the director owned 65,072 shares in the company, valued at $3,703,247.52. This represents a 20.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Antonio F. Neri sold 250,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $68.31, for a total value of $17,077,500.00. Following the completion of the sale, the chief executive officer owned 1,182,393 shares in the company, valued at approximately $80,769,265.83. The trade was a 17.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 585,899 shares of company stock worth $37,270,329. 0.44% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several hedge funds and other institutional investors have recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Hewlett Packard Enterprise during the second quarter worth $1,027,139,000. Primecap Management Co. CA purchased a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter valued at $773,225,000. Legal & General Group Plc acquired a new position in shares of Hewlett Packard Enterprise in the second quarter valued at approximately $512,721,000. Elliott Investment Management L.P. raised its stake in shares of Hewlett Packard Enterprise by 47.2% in the first quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock valued at $652,912,000 after acquiring an additional 8,790,757 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Hewlett Packard Enterprise in the second quarter valued at approximately $322,718,000. 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 solutions for businesses, governments and other organizations. Its offerings are designed to help customers build, manage and modernize data centers, hybrid cloud environments and edge computing operations.

HPE’s portfolio includes enterprise servers and compute systems, data storage, networking products, high-performance computing and artificial intelligence infrastructure.