Hewlett Packard Enterprise Company (NYSE:HPE) Receives $27.41 Consensus Target Price from Analysts

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) have been assigned an average recommendation of “Moderate Buy” from the twenty-one research firms that are currently covering the firm, MarketBeat reports. Eleven equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $27.8824.

Several equities analysts recently issued reports on the company. Truist Financial started coverage on Hewlett Packard Enterprise in a report on Tuesday, March 31st. They issued a “buy” rating and a $31.00 price target on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, March 25th. Morgan Stanley increased their target price on Hewlett Packard Enterprise from $25.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday. Citigroup increased their target price on Hewlett Packard Enterprise from $27.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Finally, Wall Street Zen raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Monday.

Insider Activity at Hewlett Packard Enterprise

In other news, EVP Neil B. Macdonald sold 24,251 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $27.01, for a total transaction of $655,019.51. Following the sale, the executive vice president owned 32,243 shares of the company’s stock, valued at $870,883.43. This trade represents a 42.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 stock was sold at an average price of $26.50, for a total value of $3,975,000.00. Following the sale, the chief executive officer directly owned 1,687,329 shares in the company, valued at approximately $44,714,218.50. This represents a 8.16% decrease in their position. 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. Insiders have sold a total of 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 modified their holdings of HPE. Annis Gardner Whiting Capital Advisors LLC raised its position 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 buying an additional 666 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Hewlett Packard Enterprise in the 2nd quarter valued at approximately $26,000. SJS Investment Consulting Inc. raised its position in Hewlett Packard Enterprise by 159.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock valued at $28,000 after buying an additional 716 shares during the last quarter. Chilton Capital Management LLC acquired a new stake in Hewlett Packard Enterprise in the 3rd quarter valued at approximately $30,000. Finally, Union Savings Bank acquired a new stake in Hewlett Packard Enterprise in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $37.60 on Wednesday. The business’s 50-day simple moving average is $27.00 and its 200 day simple moving average is $24.09. The stock has a market cap of $49.89 billion, a price-to-earnings ratio of -197.88, a P/E/G ratio of 0.97 and a beta of 1.28. Hewlett Packard Enterprise has a 12-month low of $17.02 and a 12-month high of $37.75. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.71.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Monday, March 9th. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the business earned $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. As a group, research analysts anticipate that Hewlett Packard Enterprise will post 1.97 earnings per share for the current 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 paid a $0.1425 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.57 annualized dividend and a yield of 1.5%. Hewlett Packard Enterprise’s dividend payout ratio is presently -300.00%.

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.