Hewlett Packard Enterprise Company (NYSE:HPE – Get Free Report)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $38.21, but opened at $42.78. Hewlett Packard Enterprise shares last traded at $43.5890, with a volume of 11,984,736 shares trading hands.
Analyst Ratings Changes
Several analysts recently weighed in on the company. Citigroup raised their price objective on Hewlett Packard Enterprise from $27.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Truist Financial assumed coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, March 31st. They issued a “buy” rating and a $31.00 target price on the stock. Raymond James Financial restated an “outperform” rating and issued a $29.00 target price (down from $30.00) on shares of Hewlett Packard Enterprise in a research report on Monday, April 13th. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Morgan Stanley raised their target price on shares of Hewlett Packard Enterprise from $25.00 to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $27.88.
Read Our Latest Stock Analysis on HPE
Hewlett Packard Enterprise Stock Up 16.3%
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last announced its quarterly earnings results on Monday, March 9th. The technology company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $9.30 billion for the quarter, compared to analyst estimates 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 business’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period last year, the firm posted $0.49 earnings per share. 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, analysts forecast that Hewlett Packard Enterprise Company will post 1.97 EPS for the current year.
Hewlett Packard Enterprise Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Tuesday, March 24th were issued a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, March 24th. Hewlett Packard Enterprise’s payout ratio is -300.00%.
Insider Activity at Hewlett Packard Enterprise
In related news, CFO Marie Myers sold 93,583 shares of Hewlett Packard Enterprise 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 transaction, the chief financial officer directly owned 204,754 shares of the company’s stock, valued at $6,144,667.54. The trade was a 31.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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. Also, Director Bethany Mayer sold 6,482 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $29.10, for a total value of $188,626.20. Following the completion of the transaction, the director directly owned 8,018 shares in the company, valued at approximately $233,323.80. This represents a 44.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 702,402 shares of company stock valued at $18,440,171 in the last quarter. 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 made changes to their positions in the stock. Segall Bryant & Hamill LLC acquired a new position in shares of Hewlett Packard Enterprise in the first quarter worth approximately $1,660,000. Essential Partners LLC lifted its holdings in Hewlett Packard Enterprise by 1.6% in the first quarter. Essential Partners LLC now owns 28,100 shares of the technology company’s stock valued at $669,000 after buying an additional 447 shares during the period. Ariadne Wealth Management LP acquired a new position in Hewlett Packard Enterprise in the first quarter valued at $211,000. Edgestream Partners L.P. lifted its holdings in Hewlett Packard Enterprise by 586.9% in the first quarter. Edgestream Partners L.P. now owns 58,044 shares of the technology company’s stock valued at $1,382,000 after buying an additional 49,594 shares during the period. Finally, Bull Harbor Capital LLC acquired a new position in Hewlett Packard Enterprise in the first quarter valued at $253,000. 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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