Hewlett Packard Enterprise (NYSE:HPE) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Hewlett Packard Enterprise (NYSE:HPE) from a buy rating to a hold rating in a research note published on Sunday morning.

HPE has been the topic of a number of other research reports. Bank of America raised their price target on Hewlett Packard Enterprise from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, March 25th. Raymond James Financial reissued an “outperform” rating and set a $29.00 price target (down from $30.00) on shares of Hewlett Packard Enterprise in a report on Monday, April 13th. Morgan Stanley raised their price target on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 10th. Finally, Truist Financial began coverage on Hewlett Packard Enterprise in a report on Tuesday, March 31st. They set a “buy” rating and a $31.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.41.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $33.08 on Friday. The stock’s 50-day moving average is $25.72 and its two-hundred day moving average is $23.74. The firm has a market cap of $43.89 billion, a price-to-earnings ratio of -174.08, a PEG ratio of 0.85 and a beta of 1.28. Hewlett Packard Enterprise has a 1 year low of $17.02 and a 1 year high of $34.69. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.75 and a current ratio of 1.03.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Monday, March 9th. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.06. The company had revenue of $9.30 billion for the quarter, compared to analyst estimates 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 business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 earnings per share. 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. Analysts predict that Hewlett Packard Enterprise will post 1.96 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 23rd. Investors of record on Tuesday, March 24th were given a $0.1425 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.57 dividend on an annualized basis and a yield of 1.7%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently -300.00%.

Insider Transactions at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,482 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $29.10, for a total value of $188,626.20. Following the completion of the sale, the director owned 8,018 shares in the company, valued at $233,323.80. This trade represents a 44.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Antonio F. Neri sold 150,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $26.50, for a total transaction of $3,975,000.00. Following the completion of the sale, the chief executive officer owned 1,687,329 shares of the company’s stock, valued at approximately $44,714,218.50. The trade was a 8.16% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 702,402 shares of company stock valued at $18,440,171 over the last 90 days. Insiders own 0.44% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of hedge funds have recently added to or reduced their stakes in the company. Investment Research Partners LLC lifted its position in Hewlett Packard Enterprise by 2.0% in the fourth quarter. Investment Research Partners LLC now owns 21,925 shares of the technology company’s stock valued at $527,000 after purchasing an additional 423 shares during the period. D.A. Davidson & CO. lifted its position in Hewlett Packard Enterprise by 4.5% in the first quarter. D.A. Davidson & CO. now owns 9,998 shares of the technology company’s stock valued at $238,000 after purchasing an additional 429 shares during the period. Bleakley Financial Group LLC lifted its position in Hewlett Packard Enterprise by 1.0% in the third quarter. Bleakley Financial Group LLC now owns 42,532 shares of the technology company’s stock valued at $1,045,000 after purchasing an additional 439 shares during the period. Compound Planning Inc. lifted its position in shares of Hewlett Packard Enterprise by 2.4% during the 1st quarter. Compound Planning Inc. now owns 18,951 shares of the technology company’s stock valued at $451,000 after acquiring an additional 446 shares during the period. Finally, TD Private Client Wealth LLC lifted its position in shares of Hewlett Packard Enterprise by 0.6% during the 4th quarter. TD Private Client Wealth LLC now owns 80,769 shares of the technology company’s stock valued at $1,940,000 after acquiring an additional 448 shares during the period. 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.