Hewlett Packard Enterprise (NYSE:HPE) Stock Price Down 1.1% – Here’s What Happened

Hewlett Packard Enterprise Company (NYSE:HPE)’s stock price was down 1.1% during trading on Tuesday . The company traded as low as $60.45 and last traded at $61.05. 16,634,997 shares were traded during mid-day trading, a decline of 22% from the average session volume of 21,436,951 shares. The stock had previously closed at $61.75.

Wall Street Analyst Weigh In

Several research firms have weighed in on HPE. Susquehanna raised their price target on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. Citigroup upped their price objective on Hewlett Packard Enterprise from $74.00 to $76.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. Sanford C. Bernstein increased their target price on Hewlett Packard Enterprise from $35.00 to $62.00 and gave the company a “market perform” rating in a research report on Tuesday, June 2nd. Weiss Ratings raised shares of Hewlett Packard Enterprise from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, September 4th. Finally, UBS Group reduced their price target on shares of Hewlett Packard Enterprise from $65.00 to $59.00 and set a “neutral” rating on the stock in a research report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.18.

Hewlett Packard Enterprise Stock Down 1.1%

The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.72 and a current ratio of 1.11. The company’s fifty day moving average price is $52.83 and its 200-day moving average price is $40.72. The stock has a market cap of $81.04 billion, a P/E ratio of 31.80, a price-to-earnings-growth ratio of 0.54 and a beta of 1.43.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.93 by $0.18. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The company had revenue of $12.21 billion for the quarter, compared to the consensus estimate of $11.97 billion. During the same period in the prior year, the firm posted $0.44 EPS. The firm’s revenue was up 33.7% compared to the same quarter last year. 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. Equities analysts forecast that Hewlett Packard Enterprise Company will post 3.34 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, September 17th will be paid a dividend of $0.1425 per share. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.9%. Hewlett Packard Enterprise’s dividend payout ratio is currently 29.69%.

Insider Activity at Hewlett Packard Enterprise

In related news, CEO Antonio Neri sold 250,000 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $60.44, for a total transaction of $15,110,000.00. Following the completion of the sale, the chief executive officer directly owned 1,432,393 shares of the company’s stock, valued at approximately $86,573,832.92. This trade represents a 14.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary M. Reiner sold 17,000 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $56.91, for a total value of $967,470.00. Following the transaction, the director owned 65,072 shares of the company’s stock, valued at approximately $3,703,247.52. The trade was a 20.71% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.44% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. CIBC Asset Management Inc increased its stake in shares of Hewlett Packard Enterprise by 60.2% during the fourth quarter. CIBC Asset Management Inc now owns 337,691 shares of the technology company’s stock worth $8,111,000 after buying an additional 126,938 shares during the period. Irenic Capital Management LP purchased a new position in Hewlett Packard Enterprise in the first quarter worth approximately $18,691,000. Assenagon Asset Management S.A. grew its holdings in Hewlett Packard Enterprise by 387.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,240,000 shares of the technology company’s stock worth $55,936,000 after acquiring an additional 985,829 shares in the last quarter. State of Wyoming acquired a new position in Hewlett Packard Enterprise during the 2nd quarter worth approximately $1,271,000. Finally, Sapient Capital LLC purchased a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter valued at approximately $987,000. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company (NYSE:HPE) is a global technology company that provides information technology products, services and solutions for businesses and other organizations. Its offerings are designed to support data centers, cloud computing, artificial intelligence, networking and the management of distributed IT environments.

HPE’s portfolio includes enterprise servers, data storage systems, networking equipment, high-performance computing and software. Through its HPE GreenLake platform, the company also delivers cloud and as-a-service solutions that allow customers to access computing, storage, data protection and other IT capabilities through a flexible consumption model.