Hewlett Packard Enterprise Company (NYSE:HPE – Get Free Report) was up 11.2% on Friday . The company traded as high as $60.75 and last traded at $61.3780. Approximately 4,732,028 shares changed hands during trading, a decline of 78% from the average session volume of 21,111,803 shares. The stock had previously closed at $55.22.
Analysts Set New Price Targets
Several equities research analysts have issued reports on HPE shares. Argus reiterated a “buy” rating and issued a $70.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, September 4th. Loop Capital upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and raised their target price for the company from $23.00 to $75.00 in a research note on Tuesday, June 2nd. Wells Fargo & Company decreased their target price on Hewlett Packard Enterprise from $67.00 to $54.00 and set an “equal weight” rating on the stock in a report on Thursday, September 3rd. JPMorgan Chase & Co. raised their target price on shares of Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Finally, Zacks Research upgraded Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and a consensus price target of $69.44.
Get Our Latest Stock Analysis on Hewlett Packard Enterprise
Hewlett Packard Enterprise Price Performance
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last posted its earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.18. The firm had revenue of $12.21 billion for the quarter, compared to analysts’ expectations of $11.97 billion. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The company’s revenue was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 earnings per share. 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. As a group, sell-side analysts predict that Hewlett Packard Enterprise Company will post 3.27 EPS for the current fiscal year.
Hewlett Packard Enterprise Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, September 17th will be paid a dividend of $0.1425 per share. The ex-dividend date is Thursday, September 17th. This represents a $0.57 dividend on an annualized basis and a yield of 0.9%. Hewlett Packard Enterprise’s payout ratio is 29.69%.
Insiders Place Their Bets
In related news, SVP Kirt Karros sold 18,785 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total transaction of $911,072.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.44% of the company’s stock.
Hedge Funds Weigh In On Hewlett Packard Enterprise
A number of hedge funds and other institutional investors have recently bought and sold shares of HPE. Empowered Funds LLC boosted its position in Hewlett Packard Enterprise by 317.3% during the 1st quarter. Empowered Funds LLC now owns 149,810 shares of the technology company’s stock valued at $2,312,000 after buying an additional 113,906 shares during the period. Geneos Wealth Management Inc. raised its holdings in Hewlett Packard Enterprise by 44.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,456 shares of the technology company’s stock worth $69,000 after acquiring an additional 1,377 shares during the last quarter. Brown Advisory Inc. boosted its position in shares of Hewlett Packard Enterprise by 4.4% during the second quarter. Brown Advisory Inc. now owns 23,593 shares of the technology company’s stock valued at $482,000 after buying an additional 996 shares during the last quarter. Jump Financial LLC grew its stake in shares of Hewlett Packard Enterprise by 25.8% in the second quarter. Jump Financial LLC now owns 15,662 shares of the technology company’s stock worth $320,000 after acquiring an additional 3,215 shares during the period. Finally, WINTON GROUP Ltd purchased a new stake in Hewlett Packard Enterprise during the 2nd quarter valued at $207,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.
About Hewlett Packard Enterprise
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.
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