Hewlett Packard Enterprise Company (NYSE:HPE – Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $31.46 and last traded at $31.51, with a volume of 1017532 shares. The stock had previously closed at $31.35.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on HPE shares. Raymond James Financial reissued an “outperform” rating and set a $29.00 price objective (down from $30.00) on shares of Hewlett Packard Enterprise in a research report on Monday, April 13th. Bank of America boosted their price objective on Hewlett Packard Enterprise from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, March 10th. The Goldman Sachs Group started coverage on Hewlett Packard Enterprise in a research report on Tuesday, January 13th. They set a “buy” rating and a $31.00 price objective for the company. Truist Financial started coverage on Hewlett Packard Enterprise in a research report on Tuesday, March 31st. They set a “buy” rating and a $31.00 price objective for the company. Finally, Citigroup boosted their price objective on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.71.
Check Out Our Latest Analysis on Hewlett Packard Enterprise
Hewlett Packard Enterprise Stock Performance
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last posted its quarterly earnings results on Monday, March 9th. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. The firm had revenue of $9.30 billion during 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 for the quarter was up 18.4% on a year-over-year basis. 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, sell-side analysts expect that Hewlett Packard Enterprise Company will post 1.96 earnings per share for the current year.
Hewlett Packard Enterprise Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th were issued 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 1.9%. Hewlett Packard Enterprise’s dividend payout ratio is -300.00%.
Insider Transactions at Hewlett Packard Enterprise
In other Hewlett Packard Enterprise news, CFO Marie Myers sold 93,583 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $30.01, for a total value of $2,808,425.83. Following the completion of the transaction, the chief financial officer owned 204,754 shares of the company’s stock, valued at $6,144,667.54. This represents a 31.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Neil B. Macdonald sold 112,652 shares of the stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $25.09, for a total value of $2,826,438.68. Following the completion of the transaction, the executive vice president directly owned 56,494 shares of the company’s stock, valued at approximately $1,417,434.46. The trade was a 66.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 702,402 shares of company stock worth $18,440,171. 0.44% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Hewlett Packard Enterprise
A number of hedge funds have recently modified their holdings of the stock. Annis Gardner Whiting Capital Advisors LLC grew its position in Hewlett Packard Enterprise by 176.7% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company’s stock worth $26,000 after acquiring an additional 666 shares during the last quarter. Headlands Technologies LLC bought a new stake in Hewlett Packard Enterprise during the 2nd quarter worth approximately $26,000. SJS Investment Consulting Inc. grew its position in Hewlett Packard Enterprise by 159.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock worth $28,000 after acquiring an additional 716 shares during the last quarter. Chilton Capital Management LLC bought a new stake in Hewlett Packard Enterprise during the 3rd quarter worth approximately $30,000. Finally, Union Savings Bank bought a new stake in Hewlett Packard Enterprise during the 4th quarter worth approximately $30,000. 80.78% of the stock is owned by institutional investors and hedge funds.
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.
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