Hewlett Packard Enterprise Company (NYSE:HPE) Receives $67.31 Consensus Price Target from Brokerages

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) have been assigned an average recommendation of “Moderate Buy” from the seventeen brokerages that are currently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $69.9333.

Several research firms have issued reports on HPE. Weiss Ratings upgraded Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 29th. Wall Street Zen upgraded Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 10th. Zacks Research lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Monday. Argus increased their price target on shares of Hewlett Packard Enterprise from $30.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Finally, Morgan Stanley raised their price objective on shares of Hewlett Packard Enterprise from $33.00 to $71.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 2nd.

Hewlett Packard Enterprise Price Performance

HPE opened at $53.21 on Monday. The firm has a 50-day moving average price of $47.23 and a 200-day moving average price of $32.92. Hewlett Packard Enterprise has a twelve month low of $19.65 and a twelve month high of $64.25. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $70.46 billion, a price-to-earnings ratio of 49.73, a PEG ratio of 0.57 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.54 by $0.25. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The company had revenue of $10.68 billion during the quarter, compared to the consensus estimate of $9.78 billion. During the same period last year, the firm earned ($0.82) EPS. Hewlett Packard Enterprise’s revenue for the quarter was up 40.0% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2026 guidance at 3.350-3.450 EPS and its Q3 2026 guidance at 0.880-0.930 EPS. Equities analysts expect that Hewlett Packard Enterprise will post 2.88 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th were issued a $0.1425 dividend. This represents a $0.57 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 16th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 53.27%.

Insider Activity at Hewlett Packard Enterprise

In other news, SVP Kirt P. Karros sold 18,785 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $48.50, for a total transaction of $911,072.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Several large investors have recently added to or reduced their stakes in the business. Bryn Mawr Trust Advisors LLC purchased a new position in Hewlett Packard Enterprise during the second quarter worth about $5,297,000. SWP Financial LLC purchased a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter valued at about $321,000. BridgePort Financial Solutions LLC bought a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter valued at about $203,000. Pine Valley Investments Ltd Liability Co bought a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter valued at about $315,000. Finally, Avidian Wealth Enterprises LLC purchased a new position in shares of Hewlett Packard Enterprise during the second quarter worth about $613,000. Institutional investors own 80.78% of the company’s stock.

About Hewlett Packard Enterprise

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.