Hewlett Packard Enterprise (NYSE:HPE) Shares Gap Up – Here’s What Happened

Hewlett Packard Enterprise Company (NYSE:HPE) shares gapped up prior to trading on Thursday . The stock had previously closed at $32.07, but opened at $33.70. Hewlett Packard Enterprise shares last traded at $34.2480, with a volume of 13,425,693 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HPE shares. Wall Street Zen raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Morgan Stanley increased their price target on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 10th. Truist Financial assumed coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, March 31st. They set a “buy” rating and a $31.00 price target for the company. Citigroup upped their price objective on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of “Moderate Buy” and an average target price of $26.71.

Hewlett Packard Enterprise Trading Up 5.6%

The firm has a market cap of $44.92 billion, a price-to-earnings ratio of -178.30, a PEG ratio of 0.78 and a beta of 1.28. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.75 and a current ratio of 1.03. The business has a fifty day moving average of $25.24 and a two-hundred day moving average of $23.61.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Monday, March 9th. The technology company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The business had revenue of $9.30 billion for the quarter, compared to analysts’ expectations of $9.31 billion. Hewlett Packard Enterprise had a positive return on equity of 9.93% and a negative net margin of 0.41%.The company’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 EPS. 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, equities analysts expect that Hewlett Packard Enterprise Company will post 1.96 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th were issued a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, March 24th. Hewlett Packard Enterprise’s dividend payout ratio is -300.00%.

Insider Activity

In related news, EVP Neil B. Macdonald sold 24,251 shares of the business’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $27.01, for a total value of $655,019.51. Following the completion of the transaction, the executive vice president owned 32,243 shares of the company’s stock, valued at approximately $870,883.43. The trade was a 42.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Fidelma Russo sold 17,001 shares of the business’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $27.97, for a total transaction of $475,517.97. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 702,402 shares of company stock worth $18,440,171 in the last quarter. 0.44% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC raised its stake in Hewlett Packard Enterprise by 176.7% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company’s stock valued at $26,000 after purchasing an additional 666 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at $26,000. SJS Investment Consulting Inc. grew its position in shares of 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 valued at $28,000 after purchasing an additional 716 shares during the period. Chilton Capital Management LLC purchased a new stake in shares of Hewlett Packard Enterprise in the third quarter valued at $30,000. Finally, Union Savings Bank purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Company Profile

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.