Hewlett Packard Enterprise Company (NYSE:HPE – Get Free Report) dropped 1.4% during trading on Monday. The stock traded as low as $66.95 and last traded at $68.38. 15,702,445 shares were traded during trading, a decline of 26% from the average daily volume of 21,333,000 shares. The stock had previously closed at $69.33.
Key Hewlett Packard Enterprise News
Here are the key news stories impacting Hewlett Packard Enterprise this week:
- Positive Sentiment: Morgan Stanley raised its HPE price target after the company’s landmark AI deal, arguing that the agreement could support larger future gains and improve the company’s growth outlook. Morgan Stanley resets Hewlett Packard HPE target after earnings
- Positive Sentiment: Daiwa Capital upgraded HPE to Outperform from Neutral, adding another favorable analyst view as the stock approaches record levels. Daiwa Capital upgrades Hewlett Packard Enterprise to outperform from neutral
- Positive Sentiment: HPE reached a new 52-week high near $70.48, reflecting strong momentum and continued enthusiasm for its AI-related business exposure. Hewlett Packard Enterprise breaks to a new 52-week high
- Positive Sentiment: HPE was identified as a top AI stock with additional upside potential. Zacks cited rising earnings estimates and improving momentum, suggesting the rally may continue if estimates keep moving higher. Buy These Top AI Stocks for Higher Highs: HPE, NVDA, TSM
- Positive Sentiment: HPE’s Juniper Networks acquisition is seen as strengthening its AMD partnership and shifting the company toward higher-growth networking and AI infrastructure, potentially broadening its addressable market. How HPE’s Juniper Acquisition Strengthens AMD Partnership
- Neutral Sentiment: HPE will provide intelligent connectivity and autonomous IT operations for the 2027 Ryder Cup. The agreement reinforces its technology showcase and customer relationships, but is unlikely to materially change near-term earnings. HPE Chosen to Deliver Intelligent Connectivity and Autonomous IT Operations at the 2027 Ryder Cup
Analyst Ratings Changes
Several equities analysts have recently weighed in on HPE shares. Barclays lifted their target price on shares of Hewlett Packard Enterprise from $79.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, October 1st. Citigroup boosted their target price on shares of Hewlett Packard Enterprise from $76.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 1st. Truist Financial reaffirmed a “buy” rating and issued a $75.00 price target (up from $70.00) on shares of Hewlett Packard Enterprise in a report on Thursday, October 1st. Evercore cut Hewlett Packard Enterprise from an “outperform” rating to an “in-line” rating and set a $65.00 price target for the company. in a research report on Monday, September 14th. Finally, Morgan Stanley boosted their price objective on Hewlett Packard Enterprise from $67.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.06.
Hewlett Packard Enterprise Trading Up 3.1%
The firm’s 50 day moving average is $56.71 and its 200 day moving average is $44.06. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.11 and a quick ratio of 0.72. The company has a market cap of $93.54 billion, a PE ratio of 36.70, a PEG ratio of 0.61 and a beta of 1.39.
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 (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.18. The business 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 business’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.44 EPS. 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. On average, equities analysts anticipate that Hewlett Packard Enterprise Company will post 3.34 earnings per share for the current year.
Hewlett Packard Enterprise Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, September 17th will be given a $0.1425 dividend. This represents a $0.57 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, September 17th. Hewlett Packard Enterprise’s dividend payout ratio is 29.69%.
Insider Activity
In other news, Director Gary Reiner sold 17,000 shares of the company’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 completion of the sale, the director owned 65,072 shares of the company’s stock, valued at approximately $3,703,247.52. This represents a 20.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Antonio F. Neri sold 250,000 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $60.44, for a total transaction of $15,110,000.00. Following the transaction, the chief executive officer directly owned 1,432,393 shares in the company, valued at approximately $86,573,832.92. This represents a 14.86% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 301,456 shares of company stock worth $18,193,758. 0.44% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of HPE. Irenic Capital Management LP purchased a new stake in shares of Hewlett Packard Enterprise in the 1st quarter worth approximately $18,691,000. Assenagon Asset Management S.A. increased its position 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 valued at $55,936,000 after buying an additional 985,829 shares in the last quarter. State of Wyoming purchased a new position in Hewlett Packard Enterprise during the second quarter valued at $1,271,000. Eastern Bank boosted its holdings in Hewlett Packard Enterprise by 206.4% in the third quarter. Eastern Bank now owns 28,994 shares of the technology company’s stock worth $1,852,000 after acquiring an additional 19,532 shares in the last quarter. Finally, Andra AP fonden bought a new stake in Hewlett Packard Enterprise in the second quarter worth $10,759,000. 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, governments and other organizations. Its offerings are designed to help customers build, manage and secure data center, cloud and edge-computing environments.
HPE’s portfolio includes enterprise servers, high-performance computing systems, data storage, networking equipment, software and technology consulting services. The company also provides hybrid cloud and as-a-service solutions through HPE GreenLake, allowing customers to access and manage computing, storage, data protection and other IT capabilities through a flexible consumption model.
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